Direct Loan Canada Blog

TD Bank Group has called off its US$13.4-billion deal to acquire U.S. bank First Horizon Corp., citing regulatory uncertainty around the takeover.
Source: ctv business
TD calls off deal to buy U.S. bank First Horizon over regulatory uncertainty

Canada’s main stock index edged lower in late-morning trading as losses led by the financial and industrial sectors outweighed strength in shares of Shopify Inc. after the e-commerce company announced it was cutting staff and selling its logistics business.
Source: ctv business
S&P/TSX composite down in late-morning trading even as Shopify shares rise

Elon Musk threatened to reassign NPR’s Twitter account to ‘another company,’ according to the non-profit news organization, in an ongoing spat between Musk and media groups since his US$44 billion acquisition of Twitter last year.
Source: ctv business
Elon Musk threatens to reassign NPR’s Twitter account

Two 10-year-olds are among the 300 children who worked at a McDonald’s restaurants with no or little pay, a Labor Department investigation of franchisees in Louisville, Kentucky, found.
Source: ctv business
McDonald’s franchises fined for child labour violations

France’s top constitutional body is to rule Wednesday on a last-ditch effort by opposition lawmakers to thwart President Emmanuel Macron’s move to raise the retirement age to 64, through a possible referendum or new bill restoring the age to 62.
Source: ctv business
French constitutional body rules on pension referendum call

Clients’ names, social insurance numbers and personal addresses were part of a data breach at one of Canada’s largest investment firms.
Source: ctv business
Data breach exposes clients’ personal information at one of Canada’s largest investment firms

Airbnb is making a renewed push into renting single rooms in a nod to its beginnings and a realization that renting an entire house is too expensive for many travellers, especially younger ones.
Source: ctv business
Airbnb will push rooms as low-cost option to house rentals

Iran’s paramilitary Revolutionary Guard seized a Panamanian-flagged oil tanker in the strategic Strait of Hormuz on Wednesday, the second-such capture by Tehran in under a week amid heightened tensions over its nuclear program.
Source: ctv business
Iran’s Revolutionary Guard seizes tanker in Strait of Hormuz

Canada’s largest grocer says its product costs have risen by nearly $1 billion so far this year — double the historic norm — as it continues to see “outsized” price increases from big multinational food brands.
Source: ctv business
Loblaw calls out ongoing ‘outsized’ price hikes from big brand-name food companies

Countries around the world whose currencies pay tribute to the late Queen Elizabeth II now have a new monarch — and a decision to make about whether the King has a place on their money.
Source: ctv business
As Canada stays mum, which Commonwealth countries will put the King on their money?