Direct Loan Canada Blog

Postmedia’s $1-million bid to acquire Atlantic Canada’s largest newspaper chain will not be held up by the main union that represents workers at SaltWire Network Inc. and The Halifax Herald Ltd.
Source: ctv business
Union agrees in principle to Postmedia’s -million bid for Atlantic newspaper chain

The Nova Scotia Supreme Court has approved Postmedia’s $1-million bid to acquire Atlantic Canada’s largest newspaper chain.
Source: ctv business
Court approves Postmedia bid for insolvent Atlantic newspaper chain

Flair Airlines was ordered to compensate two passengers after a B.C. tribunal found there was no evidence a bird strike actually caused a flight cancellation.
Source: ctv business
Two Flair passengers in B.C. were told a bird strike cancelled their flight. Then they did their own research

WestJet says 16 of its planes have been grounded after a massive hailstorm hit Calgary earlier this week.
Source: ctv business
WestJet says 10 per cent of fleet grounded after Calgary pummelled by hail

The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process.
Source: ctv business
Weakening job market was on BoC’s mind as it cut interest rates, summary suggests

U.S. federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup.
Source: ctv business
U.S. auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas

A new report says rents are still rising in Canada, but the year-over-year pace of growth has slowed.
Source: ctv business
Annual rental rates still rising but pace slowing: report

Canada’s main stock index rose more than 200 points in late-morning trading, helped by strength in the technology sector as shares of Shopify rose more than 20 per cent after reporting its latest quarterly results.
Source: ctv business
Canada’s main stock index up more than 200 points as Shopify gains more than 20%

A U.S. federal safety board planned on Wednesday to probe the U.S. Federal Aviation Administration’s oversight of Boeing and how it has changed since a door plug blew off a Boeing 737 Max in midflight.
Source: ctv business
U.S. safety board plans to quiz officials about FAA oversight of Boeing before a panel blew off a 737

A U.S. federal Aviation Administration official said Wednesday that the agency has 16 pending enforcement cases against Boeing, half of which have been opened since a door plug blew off a 737 Max in midflight.
Source: ctv business
FAA has doubled its enforcement cases against Boeing since a door plug blew off a 737 Max