Direct Loan Canada Blog

The social media platform formerly known as Twitter is worth almost 80 per cent less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.
Source: ctv business
Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

Transat A.T. Inc. is preparing to lay off up to 80 workers as the tour operator struggles to turn its finances around, according to a preliminary notice sent to the Quebec government.
Source: ctv business
Air Transat considering 80-person layoff amid financial turbulence

Enbridge Inc. says it will spend about US$700 million to build new crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the Kaskida development, operated by BP Exploration & Production Co.
Source: ctv business
Enbridge to build new oil and natural gas pipelines in Gulf of Mexico

New data from Greater Vancouver and the Fraser Valley shows a surge in supply and drop in demand in the region’s historically hot real estate market.
Source: ctv business
‘Like going to a buffet with no one else in line’: Housing sales stall in Metro Vancouver, Fraser Valley

Swedish private equity firm Altor has signed a deal to buy CCM Hockey, as the two companies eye new demographics and try to build out the global market share of Canada’s oldest hockey equipment maker.
Source: ctv business
Swedish investment group adds CCM to its roster as it makes a play for growth

Bank of America customers report having trouble accessing their bank accounts on Wednesday.
Source: ctv business
Bank of America is down: Customers report widespread outage

Market experts say the coming boom in artificial intelligence has the potential to spur large-scale investments in clean energy.
Source: ctv business
AI boom could spur large-scale investments in clean energy: Experts

A married New Jersey couple that was in a severe accident during an Uber ride can’t sue the company because they and their daughter agreed to arbitration when they accepted the terms of service for a separate Uber Eats order, a court has ruled.
Source: ctv business
Couple in a severe Uber crash can’t sue because of an Uber Eats order

Hundreds of thousands of Canadian small- and medium-sized businesses will receive carbon rebates by December. Find out who is eligible and how to obtain the payments.
Source: ctv business
What Canada’s small businesses need to know about carbon rebates

Tesla reported an increase in sales for the first time this year, although its year-to-date sales still trail the same period of 2023.
Source: ctv business
Tesla posts first sales gain of the year