Direct Loan Canada Blog

Ohio filed a lawsuit against railroad Norfolk Southern to make sure it pays for the cleanup and environmental damage caused by a fiery train derailment on the Ohio-Pennsylvania border last month, the state’s attorney general said Tuesday.
Source: ctv business
Ohio sues Norfolk Southern over toxic train derailment

An Australian company is set to buy all of Arctic Canadian Diamond Company Ltd.’s assets, including the Ekati diamond mine in the Northwest Territories.
Source: ctv business
Australian company to buy Arctic Canadian Diamond Company’s assets

A list of companies which have laid off thousands of Canadians this year as recession predictions loom and the tech sector downturn deepens.
Source: ctv business
These companies have laid off Canadian workers in 2023

Two Saudi Arabian airlines said Tuesday they will order 78 jetliners from Boeing and take options to buy 43 more in a major boost for the American aircraft manufacturer.
Source: ctv business
Saudi Arabia places order for up to 121 planes from Boeing

Nike said it will stop using kangaroo skins for its shoes this year, weeks after a similar step from German rival Puma, which would end a highly controversial practice that has drawn ire from consumers and animal rights activists.
Source: ctv business
Nike to drop use of kangaroo skins for its shoes in 2023

The CEO of Flair Airlines has suggested four planes were seized from his airline because the lessor was in talks with another airline.
Source: ctv business
Flair apologizes for cancellations after plane seizures, says leasing company in talks with competitor

Finance Minister Chrystia Freeland is assuring that Canada’s financial institutions are secure after meeting with the head of Canada’s bank regulator and the Bank of Canada.
Source: ctv business
Freeland meets with bank regulator head, BoC following U.S. bank collapse

Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.
Source: ctv business
A 2nd wave of layoffs at Meta; 10,000 jobs are cut

Stocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course.
Source: ctv business
Stocks leap higher on Wall Street, led by beaten down banks

SVB Financial Group and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit, which failed last week, “particularly susceptible” to a bank run.
Source: ctv business
Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraud