Direct Loan Canada Blog

Amazon’s surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding. The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase made by participating customers to the charity of their choosing. As of 2022, the company said it has donated $449 million to various charities.
Source: ctv business
Amazon axes charity donation program, nonprofits concerned

Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn’t coming at the right time for shareholders.
Source: ctv business
Murdoch pulls plug on possible merger of News Corp., Fox

The House of Commons industry and technology committee is set to meet today to look at Rogers Communications Inc.’s proposed takeover of Shaw Communications Inc. The committee previously reviewed the merger in March and recommended against the transaction.
Source: ctv business
Industry committee set to hold meeting on Rogers-Shaw deal

Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn’t a place to invest that money yet. Many companies are coming off a year of windfall profits not because they pumped out more product, but because the war in Ukraine and global supply chain crunches pushed world oil prices way up.
Source: ctv business
Oilsands execs say they can’t invest in decarbonization any faster, despite profits

In late 2021, CTVNews.ca asked Canadians to share their stories about how they changed jobs during the COVID-19 pandemic. CTVNews.ca caught up with some of those people to see where they are now and ask whether the decision they made was the right one.
Source: ctv business
Canadians told us why they changed jobs during COVID. Here’s how their lives have changed since

The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here’s a look at what the rate means, how analysts are interpreting it and what it could mean for consumers.
Source: ctv business
Here’s what another Bank of Canada rate hike means for Canadians

The Bank of Canada has raised its overnight rate by 25 basis points, moving its policy rate to 4.5 per cent from 4.25 per cent. If projections hold steady, the central bank has signalled a pause at its current rate, while it assesses the full impact of its hikes on the economy.
Source: ctv business
Bank of Canada raises key interest rate again, signals pause in rate hikes

Newspaper publisher Postmedia Network Corp. is laying off 11 per cent of its editorial staff, less than a week after workers were told the company was grappling with “economic contraction,” sources tell The Canadian Press.
Source: ctv business
Postmedia to lay off 11 per cent of editorial staff: CP sources

Hudson’s Bay is laying off two per cent of its total workforce, estimated to be about 250 employees, largely within Canada.
Source: ctv business
Hudson’s Bay to shed 2 per cent of corporate workforce amid ‘strategic realignment’

The U.S. Justice Department filed a lawsuit against Alphabet’s Google on Tuesday over allegations that the company abused its dominance of the digital advertising business.
Source: ctv business
U.S. accuses Google of corrupting competition in digital advertising