Direct Loan Canada Blog

A tentative agreement has been reached between VIA Rail and Unifor early Tuesday as workers were prepared to go on strike, a move that could have shut down passenger rail service across Canada.
Source: ctv business
Via Rail strike averted after last-minute deal, service will continue pending ratification

Canada’s industry minister says he plans to meet with the head of Rogers Communications and other telecom leaders in the wake of a massive outage that effectively shut down the Rogers network for at least 15 hours.
Source: ctv business
Industry minister to meet with Rogers CEO after ‘unacceptable’ network outage

Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.
Source: ctv business
Bank of Canada to hike key interest rate by 0.75%, economists say

Rogers CEO Tony Staffieri said ‘pretty close to 100 per cent’ of the company’s network is back online following widespread outages on Friday, which he attributed to a network failure after a maintenance update.
Source: ctv business
Rogers CEO says service back online for most customers, blames outage on ‘network system failure’

Twitter Inc employees expressed disbelief and exhaustion on Friday after billionaire entrepreneur Elon Musk said he was terminating a deal to buy the social media company in what could be the start of months of legal wrangling.
Source: ctv business
Twitter workers brace for more ‘circus’ after Elon Musk torpedoes deal

Suncor Energy Inc. chief executive Mark Little has stepped down as president and chief executive officer and resigned from its board of directors just one day after the company announced its oilsands operations have suffered another workplace fatality.
Source: ctv business
Suncor CEO and president Mark Little steps down

Lost sales, missed doctors appointments and being stuck offline in a foreign country, Canadians share their stories with CTVNews.ca about their experiences during the Rogers network outage on Friday.
Source: ctv business
Canadians distressed as Rogers outage leaves customers stranded

Elon Musk announced Friday that he will abandon his tumultuous US$44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal.
Source: ctv business
Elon Musk abandons deal to buy Twitter; company says it will sue

A widespread Rogers Communications Inc. outage that caused trouble for 911 services, retailers and transit operators Friday had many warning the incident is a sign that monopolistic telecommunications companies need more competition.
Source: ctv business
Rogers outage shows need for more telecom competition: Expert

Twitter is laying off a portion of its recruiting team after previously saying it would pause most hiring. The move comes as Twitter continues to await a pending acquisition by Elon Musk, a process that has been marked by confusion and contention between the social media company and the billionaire Tesla CEO.
Source: ctv business
Twitter is laying off a third of its talent acquisition team