Direct Loan Canada Blog

The federal and Ontario governments are spending $259 million each to support production at General Motors facilities in the province, including an electric vehicle production line they say will be the first of its kind in the country.
Source: ctv business
Federal, Ontario governments invest 9M each in GM for Oshawa, CAMI facilities

The U.S. government on Monday seized a 254-foot yacht in Spain owned by an oligarch with close ties to Russian President Vladimir Putin, a first by the Biden administration under sanctions imposed after the Kremlin’s invasion of Ukraine and targeting pricey assets of Russian elites.
Source: ctv business
U.S. seizes yacht owned by oligarch with close ties to Putin

Ontario plans to temporarily reduce taxes on gas and diesel, but it will only take effect after the June provincial election.
Source: ctv business
Ontario government introduces legislation to temporarily cut gas, fuel taxes

India’s Gautam Adani has joined what is probably the most elite club in the world. The infrastructure tycoon’s wealth hit US$100 billion over the weekend, making him the richest person in Asia. He joins nine other men in the centibillionaires club, including Elon Musk, Jeff Bezos and Warren Buffett.
Source: ctv business
India’s Gautam Adani joins Elon Musk and Warren Buffett in the centibillionaires club

Tesla CEO Elon Musk acquired a 9 per cent stake in Twitter to become its largest shareholder, just before raising questions about the social media platform’s dedication to free speech and the First Amendment.
Source: ctv business
Suddenly, Tesla’s Elon Musk is Twitter’s biggest stakeholder

Gains in the information technology and financial sectors helped Canada’s main stock index edge higher in late-morning trading Monday, while U.S. stock markets were mixed.
Source: ctv business
S&P/TSX composite edges up in late-morning trading, U.S. stock markets mixed

Farmers on Prince Edward Island are expected to send their first shipments of table-stock potatoes to the United States early this week, after getting the all-clear following a crippling four month ban.
Source: ctv business
P.E.I. potato shipments to U.S. expected to resume early this week following ban

Alaska Airlines announced that it has launched new, gender-neutral uniform guidelines for flight attendants.
Source: ctv business
Alaska Airlines launches gender-neutral uniform policy for flight attendants and other staff

Amazon CEO Andy Jassy received a pay package valued at $212.7 million in 2021, marking a substantial compensation increase for the executive during his first year running the tech giant, according to a company filing with the US Securities and Exchange Commission on Friday.
Source: ctv business
Amazon CEO Andy Jassy’s total compensation package topped US2 million

Despite higher price tags, electric vehicles are cheaper to own over time, according to a new report.
Source: ctv business
Despite higher price tags, it’s cheaper to own an electric car over time: report