Direct Loan Canada Blog

The competing bids for U.S. railway Kansas City Southern each received a boost with the U.S. regulator saying a 2001 merger waiver applies to Canadian Pacific Railway, while KCS’s board says CN Rail’s proposal could lead to a superior proposal.
Source: ctv business
U.S. regulator says merger waiver applies to CP but KSC board says CN offer ‘superior’

Shares in AltaGas Ltd. are on the rise after it announced it has sold its U.S. transportation and storage business for $344 million to better focus on its core energy infrastructure operations and pay down debt.
Source: ctv business
AltaGas sells non-core U.S. natural gas transport and storage assets for 4M

Italian Premier Mario Draghi is presenting a 222.1 billion euro ($268.6 billion) coronavirus recovery plan to Parliament on Monday, aiming to not only bounce back from the pandemic but enact ‘epochal’ reforms to address structural problems that long predated COVID-19.
Source: ctv business
Italian PM presenting ‘epochal’ virus recovery plan

Turkish authorities arrested four people Monday on fraud charges in connection with an investigation into a local cryptocurrency trading platform – the second to be probed in recent days.
Source: ctv business
Turkey arrests 4 in new digital currency platform probe

Apple is expanding spending in the U.S. and announced plans Monday to build its first East Coast campus, in North Carolina.
Source: ctv business
Apple announces first East Coast campus in North Carolina

When Facebook Inc reports first quarter earnings on Wednesday, investors will be preoccupied with how a new pop-up privacy notification on Apple’s iPhones will affect the second quarter.
Source: ctv business
Apple iPhone privacy update seen hurting Facebook revenue in Q2

Operations at the Port of Montreal came to a halt after more than 1,000 dockworkers began a strike Monday morning, causing a complete shutdown at the facility..
Source: ctv business
Montreal dockworkers strike as federal government mulls back-to-work legislation

The European Union’s executive branch said Monday that it has launched legal action against coronavirus vaccine-maker AstraZeneca for failing to respect the terms of its contract with the 27-nation bloc.
Source: ctv business
EU launches legal action against COVID-19 vaccine-maker AstraZeneca

A group of Montreal entrepreneurs have teamed up to launch a line of hoodies designed specifically to protect Black hair.
Source: ctv business
Not your normal hoodie: Montreal entrepreneurs launch line of sweaters that care for Black hair

Stocks were higher in morning trading Monday as investors geared up for the busiest week for earnings so far this season.
Source: ctv business
Stocks move higher ahead of a busy week of company earnings