Direct Loan Canada Blog

The Federal Trade Commission is investigating Amazon’s US$3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal.
Source: ctv business
FTC investigating Amazon’s US.9B purchase of One Medical

A Silicon Valley executive who prosecutors said lied to investors about inventing technology that tested for allergies and COVID-19 using only a few drops of blood and charged up to US$10,000 per allergy test was found guilty of health care fraud, authorities announced Friday.
Source: ctv business
Tech CEO convicted in COVID-19, allergy test fraud case

Canada is poised to become a major supplier of lithium in North America as the auto industry transitions from fossil fuel to electric vehicles over the next few years, and a mine in northern Manitoba is ready to take advantage.
Source: ctv business
Manitoba lithium mine ready for electric vehicle boom

For over a year and a half, car buyers have faced high prices and a lack of inventory at dealerships thanks to the global microchip shortage. But there are finally signs that prices in the used car market may have peaked.
Source: ctv business
Used car prices in Canada appear to have peaked, but new cars getting more expensive

Prices at the pump have seen a noticeable decline in recent weeks, with the cost of regular gasoline falling by more than one-fifth across Canada compared to the highs seen earlier this summer, data from the federal government shows.
Source: ctv business
These Canadian cities have seen the largest drop in gas prices since June

Russian energy giant Gazprom on Friday raised the possibility of a prolonged halt of natural gas supply through a key pipeline to Germany, citing the need for urgent maintenance work.
Source: ctv business
Russia’s Gazprom to halt gas to Europe via key pipeline

Europe’s energy crisis loomed larger Friday after Russian energy giant Gazprom said it couldn’t resume the supply of natural gas through a major pipeline to Germany for now. The company cited what it said was a need for urgent maintenance work to repair key components – in an announcement made just hours before it had been due to restart deliveries.
Source: ctv business
Russia’s Gazprom keeps gas pipeline to Germany switched off

A return-to-office showdown is unfolding in Canada and pitting some bosses and workers against each other as the back-to-school season brings with it a renewed push to get employees back into office buildings.
Source: ctv business
Remote work debate intensifies as companies mandate return to office after Labour Day

Inflation appears to have peaked but it’s still running hot and a supersized rate hike from the Bank of Canada next week is widely expected. Some economists think Wednesday’s hike could be the last for a while.
Source: ctv business
Bank of Canada expected to raise interest rate for fifth time

America’s employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending but still added 315,000 jobs.
Source: ctv business
Slower U.S. job gain in August could aid Fed’s inflation fight