Direct Loan Canada Blog

A former Boeing test pilot is scheduled to go on trial Friday in federal court on charges of deceiving regulators who approved the 737 Max and the airlines that used the plane model in two crashes killing 346 people.
Source: ctv business
Boeing ex-pilot’s trial starts on fraud charges over 737 Max

Game developer Ubisoft announced on Friday it will invest an additional $139 million in its Winnipeg studio by 2030 with plans to triple its workforce.
Source: ctv business
Ubisoft to invest 9 million in Winnipeg studio, create 200 jobs

Burger King is trying to suspend its operations in Russia, but that’s proving difficult. A business partner controlling 800 restaurants has ‘refused’ to close them, the company said.
Source: ctv business
Burger King franchise ‘refuses’ to close 800 Russian restaurants

A labour dispute at CP Rail is threatening to further cripple the flow of goods at a time when supply chains are already strained due to the COVID-19 pandemic and Russia’s invasion in Ukraine.
Source: ctv business
Why CP Rail may lock out its workers and what it means for Canada’s supply chain

Unions protested at British ports Friday, demanding the government step in to save jobs and protect key trade routes after major ferry operator P&O Ferries fired 800 U.K. crew members to replace them with cheaper contract staff.
Source: ctv business
Outrage after U.K. ferry operator fires 800 crew members via Zoom message

The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday.
Source: ctv business
India buys Russian oil despite pressure for sanctions

Led by gains in the technology and industrial sectors, Canada’s main stock index set new record highs Friday while U.S. markets enjoyed their best week in more than a year.
Source: ctv business
S&P/TSX composite sets record highs; U.S. markets have best week in more than year

While Vladimir Putin is believed to have amassed a hidden fortune earlier in his career, he has since become less reliant on his wealthy benefactors over the years and has surrounded himself instead with loyalists who share his hardline views. That shift, some experts said, may make it more difficult to make Putin personally feel the sting of economic sanctions.
Source: ctv business
‘There is literally no paper trail’: How Russia experts say Putin hides a fortune

Two weeks before 480 GoodLife Fitness employees across Canada were terminated by email, another email was sent around, informing a number of fitness instructors that they had ‘voluntarily withdrawn employment’ because they didn’t respond to a survey that carried a 10-day time limit.
Source: ctv business
No severance for employees who missed email survey, former GoodLife instructors allege

More than 60 workers across three U.S. Amazon delivery stations staged a walkout on Wednesday to demand a US$3 raise and a return to 20-minute breaks, according to one of the labor organizers leading the effort.
Source: ctv business
About 60 U.S. Amazon workers stage walkouts over pay, break times