Direct Loan Canada Blog

Subsidies to help with wages and rents have been a lifeline for many small businesses during the pandemic – but they’re starting to be phased out.
Source: ctv business
Small business advocates call on Ottawa to halt ‘phase out’ of wage and rent subsidies

Canadian auto parts maker Magna International Inc said on Thursday it will buy Swedish rival Veoneer Inc for about US$3.8 billion in cash, in a deal that would help expand its driver assistance technologies business.
Source: ctv business
Magna International to buy Veoneer for US.8 billion

A sweeping internet disruption on Thursday briefly took out a wide range of major corporate websites — from FedEx and Delta Air Lines to HSBC and McDonald’s.
Source: ctv business
Massive internet outage briefly takes down corporate sites

An ice-cold beer is best enjoyed on a hot day, but one local brewery is taking refreshment to the next level this summer with a beverage aimed at raising funds and awareness for a very special Calgarian.
Source: ctv business
The ‘Good Citizen’: Calgary Brewery honours Snow family in effort to raise funds for ALS research

A luxury real estate company says a Vancouver mansion is the most expensive home ever sold in the region, but representatives won’t say what the buyer paid for it.
Source: ctv business
Sale of Vancouver mansion breaks record, but realtors refuse to say what it sold for or how long it was on the market

Italian luxury boss Brunello Cucinelli is offering six months of paid leave to a handful of employees who have refused to vaccinate in order to protect workers who have taken their shots.
Source: ctv business
Fashion boss Cucinelli offers vaccine holdouts 6 months paid leave

The union representing Rio Tinto employees in British Columbia has issued a 72-hour strike notice after nearly seven weeks of negotiations.
Source: ctv business
Strike notice issued by union representing workers at B.C. power-generating, smelting facilities

The floods drenching central China and submerging swathes of a major economic and transport hub are threatening supply chains for goods ranging from cars and electronics to pigs, peanuts and coal.
Source: ctv business
From coal to cars, Chinese floods tangle supply chains

In scenes reminiscent of the early days of the coronavirus pandemic, there are supermarket shelves looking empty across England. They are not the result of consumers stockpiling ahead of lockdown, however. It’s the result of workers, including shelve stackers and delivery drivers, getting ‘pinged’ on their phones to self-isolate because of contact with coronavirus cases.
Source: ctv business
Ping pong: Spat over tracing app as shelves empty in England

Electric-car maker Tesla will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, CEO Elon Musk said.
Source: ctv business
Tesla will ‘most likely’ restart accepting bitcoin as payments, says Musk