Direct Loan Canada Blog

General Motors said Thursday it will spend US$491 million to expand and upgrade an Indiana metal stamping plant for production of steel and aluminum stamped parts for “future vehicles,” including electric vehicles.
Source: ctv business
GM plans US1M Indiana plant upgrade to help support electric vehicles

Adobe Inc will buy startup Figma for about US$20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support online collaboration amid a global shift to hybrid working.
Source: ctv business
Adobe builds collaborative design muscle with USB deal for Figma

Air Canada on Thursday said it would buy electric planes for the first time with the acquisition of 30 battery-powered regional aircraft from Heart Aerospace, as more airlines turn to new technologies to lower emissions and fuel costs.
Source: ctv business
Air Canada to buy 30 electric planes from Heart Aerospace

Kanye West says he’s breaking up with the Gap.
Source: ctv business
Kanye West says he’s splitting with Gap after 2 years

Workers are scrambling to find last-minute child care across much of Canada after governments announced the sudden closure of schools to mourn Queen Elizabeth II.
Source: ctv business
‘You’re on your own’: Working parents scrambling after schools closed to honour Queen

A new study shows Canadians are charging slightly less to their primary credit cards than they did a year ago as inflation remains high and buy now, pay later services grow more prominent.
Source: ctv business
Canadians charging slightly less to primary credit cards than year ago: study

The Canadian Real Estate Association is cutting its forecast for home sales this year and lowering its expectations for price growth.
Source: ctv business
The national average home price in Canada has dropped again

Amtrak says it is working to quickly restore canceled trains after U.S.President Joe Biden announced that a tentative railway labour agreement has been reached.
Source: ctv business
Amtrak says it’s working quickly to restore cancelled trains

Canada’s main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the energy sector as the price of oil fell, while U.S. stock markets also retreated.
Source: ctv business
Canada’s main stock market index down nearly 100 points, U.S. stock markets also lower

U.S. President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a strike that could have been devastating to the economy before the pivotal midterm elections.
Source: ctv business
Biden: Tentative railway labour deal reached, averting strike