Direct Loan Canada Blog

Cineplex Inc. says a U.K. theatre giant acted in bad faith by delaying a takeover deal of the Canadian company and hoping it would default during the pandemic, a judge heard at the opening of its trial against Cineworld Group PLC.
Source: ctv business
Cineplex accuses Cineworld of bad faith in day one of hearings over abortive takeover

Activist investor TCI Fund Management Ltd. has stepped up its push for boardroom changes at Canadian National Railway Co. after the company’s efforts to take over a U.S. railway hit a wall.
Source: ctv business
Activist investor TCI pushes for board changes at CN Rail after KSC favours CP Rail

Amazon Canada is hiking wages as it seeks to fill thousands of new jobs against the backdrop of a labour market that has been dramatically altered by the COVID-19 pandemic.
Source: ctv business
Amazon to hire 15,000 employees across Canada; increase wages

On CTVNews.ca, chief financial commentator Pattie Lovett-Reid writes: We are the type of grandparents that want the world for our grandchildren. That doesn’t mean they need more stuff. To us it means they need some form of a post-secondary education.
Source: ctv business
Pattie Lovett-Reid: Our grandchildren don’t need more stuff. That’s why we gift them RESPs instead.

In what’s expected to be a test case for pandemic-era litigation, Cineplex Inc. is headed to court Monday in a bid to recoup cash from a U.K. theatre giant that had planned to purchase the Canadian cinema chain before COVID-19 struck.
Source: ctv business
Cineplex and U.K. exhibitor Cineworld to begin legal battle over scrapped deal

The Liberal government has directed a state-owned Chinese telecommunications firm to divest its stake in a Canadian subsidiary over national security concerns, prompting a court challenge of the order.
Source: ctv business
Chinese-controlled company fights Ottawa’s order to divest assets on security grounds

A U.S. judge stopped short of labeling Apple an illegal monopolist on Friday, but a recent antitrust ruling provides a roadmap for similar claims against the iPhone maker in the future, legal experts said.
Source: ctv business
Epic ruling invites future efforts to paint Apple as monopolist, experts say

Arizona has sold off US$93 million in Unilever bonds and plans to sell the remaining $50 million it has invested in the global consumer products company over subsidiary Ben & Jerry’s decision to stop selling its ice cream in Israeli-occupied territories, the latest in a series of actions by states with anti-Israel boycott laws.
Source: ctv business
Arizona sells Unilever bonds over Ben and Jerry’s Israel move

The growing number of vaccine mandates in the public and private sectors have exposed a fault line in Canada’s labour movement.
Source: ctv business
Growing vaccine mandates reveal split in Canadian labour movement

A U.S. federal judge ordered Apple to dismantle part of the competitive barricade guarding its closely run app store, threatening one of the iPhone maker’s biggest moneymakers. It could potentially also save app developers billions of dollars that could encourage them to lower the prices paid by consumers.
Source: ctv business
U.S. Judge loosens Apple’s grip on app store in Epic decision