Direct Loan Canada Blog

Another death has been linked to dangerous Takata air bag inflators by U.S. regulators, the 28th in the United States.
Source: ctv business
U.S. reports 28th death caused by exploding Takata air bag inflators

Former Volkswagen Group CEO Martin Winterkorn faced a trial Tuesday on charges of fraud and market manipulation in connection with the corporate scandal over Volkswagen’s use of rigged software that let millions of cars cheat on emissions tests and emit high levels of harmful pollutants.
Source: ctv business
Former Volkswagen boss Winterkorn faces trial over diesel cars rigged to cheat on emissions tests

A tourist visiting Canada is questioning the safety of Via Rail after he says his phone was snatched from him by an employee when he was documenting a train delay that left passengers stranded as they ran out of food, water and working toilets.
Source: ctv business
‘Like being in prison’: Via Rail passenger says people stranded without food, water

John Tavares has taken more than 20,000 faceoffs during his 15-year NHL career, but it’s one with the Canada Revenue Agency that may be the most consequential. The Toronto Maple Leafs forward is taking the CRA to court over a dispute as to how a signing bonus from 2018 should be taxed. The ruling could have a chilling effect on how Canadian NHL franchises negotiate with unrestricted free agents.
Source: ctv business
How the John Tavares tax case could affect professional athletes in Canada and the U.S.

Germany’s Volkswagen says auto industry headwinds mean it can’t rule out plant closings in its home country – and is dropping a longstanding job protection pledge in force since 1994 that would have barred layoffs through 2029.
Source: ctv business
Volkswagen is cancelling a no-layoffs pledge and won’t rule out closing plants in Germany

More than 10,000 workers at 25 U.S. hotels were on strike Monday after choosing Labour Day weekend to amplify their demands for higher pay, fairer workloads and the reversal of COVID-era cuts.
Source: ctv business
Thousands of U.S. hotel workers strike over Labour Day weekend

The dispute has become emblematic of the frustration over working conditions among hotel workers, who were put out of their jobs for months during pandemic shutdowns and returned to an industry grappling with chronic staffing shortages and evolving travel trends.
Source: ctv business
Strikes start at top hotel chains as housekeepers seek higher wages and daily room cleaning work

The trio of troubles are expected to dramatically transform how consumers shop in the decades to come, but Mother Nature can be unpredictable, making it hard for retailers to prepare their inventory for weather patterns months and even years in advance.
Source: ctv business
Brands warm to new products as climate change lessens demand for cold weather gear

Forecasters are expecting further Bank of Canada interest rate cuts, but does that mean it’s a good time to buy or sell a home? Real estate analyst Jason Mercer shares his predictions with CTV Your Morning.
Source: ctv business
As interest rates trend down, could housing get more affordable?

Japan, a nation so hardworking its language has a term for literally working oneself to death, is trying to address a worrisome labor shortage by coaxing more people and companies to adopt four-day workweeks.
Source: ctv business
Japan wants its hardworking citizens to try a 4-day workweek