Direct Loan Canada Blog

Shaw Communications Inc. is pushing back against Canada’s competition watchdog, arguing that a full block of Rogers Communications Inc.’s $26-billion proposed takeover would set the telecom industry back a generation.
Source: ctv business
Shaw pushes back against competition watchdog in first day of hearing on Rogers deal

Canada’s main stock index was up in late-morning trading, helped by gains in the energy and technology sectors, while U.S. stock markets also climbed higher.
Source: ctv business
S&P/TSX composite up in late-morning trading, U.S. stock markets also higher

Apple has said that shipments of its latest lineup of iPhones will be “temporarily impacted” by COVID-19 restrictions in China.
Source: ctv business
Apple expects iPhone 14 shipments to be hit by China’s COVID curbs

WestJet says the issue that caused delays for thousands of travellers in its system this weekend has been resolved, but further delays are expected as it works to resume normal operations.
Source: ctv business
WestJet says system outage resolved, but further flight delays expected

Twitter Inc has begun laying off employees under its new owner, Elon Musk. The company is already facing a proposed class action claiming the layoffs are imminent and will violate U.S. and California laws if employees are not given advance notice or severance pay.
Source: ctv business
As Elon Musk takes over, will Twitter layoffs violate U.S. law?

Qatar is home to some 2.9 million people, but only a small fraction — around one in 10 — are Qatari citizens. They enjoy massive wealth and benefits fuelled by Qatar’s shared control of one of the world’s largest reserves of natural gas. Here’s a look at Qatar’s economy and how this tiny country was able to spend so much to host the FIFA World Cup.
Source: ctv business
Qatar’s vast wealth helps it host FIFA World Cup

With inflation rates at multi-decade highs, central banks in G7 nations have been rushing to raise interest rates. But a CTVNews.ca analysis shows the intentional hikes may not be doing much to bring down stubbornly high inflation rates to pre-pandemic levels.
Source: ctv business
Interest rates vs. inflation rates: How the G7 countries compare to Canada

Twitter has announced a subscription service for US$7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk works to overhaul the Platform’s verification system just ahead of U.S. midterm elections.
Source: ctv business
Twitter users can soon get blue check for US monthly fee

Influencers, policy makers, journalists and other thought leaders are questioning whether they should stay on Twitter after Elon Musk’s takeover.
Source: ctv business
Influencers debate leaving Twitter, but where would they go?

Drivers in all three Maritime provinces will be paying more for diesel after prices were adjusted Saturday morning.
Source: ctv business
Diesel prices jump in all three Maritime provinces, topping a litre in New Brunswick