Direct Loan Canada Blog

A deal between Stellantis/LG and the federal government to hammer out incentives to build and operate a 45 Gigawatt EV battery plant facility will be done this week, according to industry insiders.
Source: ctv business
‘Next few days’: Feds and Stellantis/LG inching closer to finalizing Windsor EV battery plant deal

Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles.
Source: ctv business
Facebook owner Meta starts final round of layoffs

Hong Kong’s Cathay Pacific Airways has dismissed three cabin crew members after a passenger accused them of discriminating against non-English speakers, in a case that drew criticism from Chinese state media.
Source: ctv business
Cathay Pacific sacks crew members accused of discriminating against non-English speakers

Inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine, though elevated food prices meant it didn’t fall as much as anticipated.
Source: ctv business
U.K. inflation falls to lowest level in over a year but food prices keep decline in check

A worldwide swoon for financial markets is carrying over to Wall Street, and stocks are falling further on Wednesday.
Source: ctv business
Stock market today: Wall Street drops as markets tumble worldwide

Data from Statistics Canada shows that the number of overseas visitors to Canada nearly doubled compared to last year, while visits from U.S. travellers increased two-and-a-half-fold.
Source: ctv business
Number of overseas visitors to Canada nearly doubled from last year, reaching 281,400 in March

Target is removing certain items from its stores and making other changes to its LGBTQ2S+ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers.
Source: ctv business
Target removes some LGBTQ2S+ merchandise from stores ahead of June Pride month after threats to workers

Twitter might not keep its headquarters in San Francisco forever, its owner Elon Musk signalled Tuesday.
Source: ctv business
Elon Musk signals Twitter’s headquarters may not stay in San Francisco

A yearslong currency crisis that forced the 2009 adoption of the U.S. dollar — one of the world’s most reliable assets — is changing shopper preferences in Zimbabwe’s nation of 15 million. Many people are shunning brick-and-mortar stores, where prices must be charged in local currency and rise frequently.
Source: ctv business
Street traders offer a better bargain than stores as Zimbabwe’s currency crumbles

Foreign companies in China are uncertain about what they are allowed to do following police raids on consulting firms and want “greater clarity” about how newly expanded national security and other rules will be enforced, a foreign business group said Tuesday.
Source: ctv business
Companies in China want ‘clarity’ after security rule changes, raids on consultants