Direct Loan Canada Blog

JetBlue Airways has agreed to buy Spirit Airlines for US$3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators.
Source: ctv business
JetBlue agrees to buy Spirit for US.8 billion after bidding war

The existential crisis confronting Canada’s automotive industry may finally be over. U.S. Democrats Sen. Chuck Schumer and Sen. Joe Manchin have agreed to propose doing away with a tax-credit plan that favoured American-made electric vehicles.
Source: ctv business
From Buy American to North American: Manchin-Schumer deal amends EV tax credits

Gun makers have taken in more than $1 billion from selling AR-15-style guns over the past decade, at times marketing them as a way for young men to prove their masculinity, even as the number of mass shootings increases, according to a House investigation unveiled Wednesday
Source: ctv business
AR-15 style guns sold as a sign of manhood as shootings rise

McDonald’s will increase the price of its cheeseburger by 20 per cent in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation.
Source: ctv business
McDonald’s raises U.K. cheeseburger price for first time in 14 years

A senior manager at Russia’s Gazprom said on Wednesday that the company was still awaiting the return of a Siemens Energy turbine for the Nord Stream 1 gas pipeline, blaming the German company for the delay.
Source: ctv business
Gazprom says it hasn’t received Nord Stream 1 turbine from Canada, blames Siemens Energy

Shipping companies are not rushing to export millions of tons of grain trapped in Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea. That is because explosive mines are drifting in the waters, ship owners are assessing the risks and many still have questions over how the deal will unfold.
Source: ctv business
Ukraine’s grain is ready to go. But ships aren’t. Why? Risk

The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
Source: ctv business
U.S. Fed unleashes another big rate hike in bid to curb inflation

While Canadians are feeling the pocketbook pain of soaring inflation, some products, such as chicken and tomatoes, have actually gotten cheaper in recent months.
Source: ctv business
Some grocery products see price drops, despite sky-high inflation

Rogers Communications Inc. acknowledged Wednesday it has work to do in building customer trust after its massive network outage earlier this month and that it expects to spend $150 million on customer credits related to the outage.
Source: ctv business
Rogers to spend 0 million on customer credits after July 8 outage

Shopify Inc.’s president is arguing the company is in an ‘enviable’ position, even as it continues to express regret over misjudging the growth of the e-commerce market — a move that forced a dramatic number of job cuts Tuesday.
Source: ctv business
Shopify posts quarterly loss of US.2 billion amid shift to ‘offline channels’