Direct Loan Canada Blog

Canada’s Competition Tribunal has scheduled in late October a mediation between Rogers Communications, Shaw Communications and the agency for the C$20 billion merger of the telecom firms.
Source: ctv business
Canadian watchdog’s mediation in Rogers-Shaw deal to begin this month

German Chancellor Olaf Scholz ordered ministers Monday to prepare to keep all of the country’s three remaining nuclear plants running until mid-April, putting his foot down on an issue that had threatened to split his three-party government.
Source: ctv business
Scholz orders 3 German nuclear plants to run until mid-April

Gains in the technology and utility sectors helped lead a broad-based rally as Canada’s main stock index gained nearly 400 points in late morning trading and U.S. stock markets also rallied.
Source: ctv business
S&P/TSX composite up nearly 400 points in late-morning trading, U.S. stocks also up

New surveys from the Bank of Canada show most consumers and businesses expect Canada to enter a recession, though their views on inflation in the short run are diverging.
Source: ctv business
Most consumers and businesses expect recession: Bank of Canada

The U.K.’s new Treasury chief ripped up the government’s economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. The move raises more questions about how long the beleaguered British leader can stay in office.
Source: ctv business
U.K. leader in peril after Treasury chief axes ‘Trussonomics’

Amazon Labor Union and the nation’s second-largest private employer are facing off in the town of Schodack, near Albany, New York. Workers at the warehouse there, which employs roughly 800 people according to Amazon, will finish voting in a union election on Monday.
Source: ctv business
Amazon faces off with union in fight for a second warehouse

Former Theranos lab director and prosecution witness Adam Rosendorff stood by his earlier testimony in a court appearance Monday. Rosendorff made an uninvited visit to Holmes’ Silicon Valley residence in August, where he spoke with her partner William Evans and, according to Evans’ recollection of the incident, said he felt he had ‘done something wrong’ and expressed regrets about his testimony.
Source: ctv business
Prosecution witness stands by testimony in Elizabeth Holmes trial

Canada’s biggest grocer is freezing prices on all its No Name products until next year as double-digit food inflation sends grocery bills spiralling.
Source: ctv business
Loblaw freezes prices of all No Name brand products until Jan. 31, 2023

Cannabis deliveries will be available on Uber Eats in Toronto soon.
Source: ctv business
Cannabis deliveries through Uber Eats are coming to Toronto

Workers at an Apple store in Oklahoma City voted to unionize, marking the second unionized Apple store in the U.S. in a matter of months, according to the federal labour board.
Source: ctv business
Apple workers in Oklahoma vote to unionize in 2nd labour win