Direct Loan Canada Blog

Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival’s US$33.6-billion bid.
Source: ctv business
CP urges Kansas City Southern shareholders to oppose CN takeover next month

The parent company of Tim Hortons says profits more than doubled in its second quarter as revenues across its brands, including Popeyes and Burger King, jumped a whopping 37 per cent.
Source: ctv business
Tim Hortons’ sales climb but coffee chain faces labour pressure, higher costs

One of Fox News’ most visible advertisers, Mike Lindell and his MyPillow line of products, has pulled commercials from the network over a refusal to air an ad promoting discredited claims of election fraud.
Source: ctv business
MyPillow advertiser shunning Fox for refusal to air ad

While lumber prices have plunged in recent weeks, industry experts say increased demand and limited supply will keep the cost of softwood lumber above pre-pandemic levels for years to come.
Source: ctv business
Lumber prices have plunged, but experts don’t expect them to go back to pre-pandemic levels

The Supreme Court of Canada says a copyright collective cannot force York University to pay specific tariffs for the use of published works in the classroom.
Source: ctv business
Copyright collective can’t force tariffs on university, Supreme Court rules

Air Transat returned to the skies Friday with its first commercial flights after six months of inactivity due to travel restrictions caused by the COVID-19 pandemic.
Source: ctv business
Air Transat returns to skies with first commercial flight in six months

Canada’s main stock index lost ground in late-morning trading on the final day of trading in July as the energy sector fell on lower natural gas and crude oil prices.
Source: ctv business
Falling energy prices push S&P/TSX composite lower in late-morning trading

Canada’s main stock index lost ground in the final day of trading in July as some commodities dropped, but North American stock markets in general finished the month with positive numbers.
Source: ctv business
North American stock markets close lower

The Canadian economy appears to have bounced back after its worst two-month stretch since the start of the pandemic, eking out a gain in June and growth in the second quarter of the year.
Source: ctv business
Statistics Canada says economy appears to have grown in second quarter

Amazon’s final quarter with Jeff Bezos as CEO proved to be a disappointment for Wall Street. The e-commerce giant on Wednesday posted US$113.1 billion in revenue during the three months ended June 30, falling short of the $115.2 billion analysts had expected.
Source: ctv business
Amazon sales growth slows as new CEO takes over