Direct Loan Canada Blog

The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, according to a report published Monday by the International Monetary Fund.
Source: ctv business
IMF: Nearly all Mideast economies hit by pandemic recession

The Bank of Canada says companies are hedging hiring plans and wage growth expectations in the coming months over heightened uncertainty from the COVID-19 pandemic.
Source: ctv business
Companies have modest hiring plans, low wage growth expectations, Bank of Canada says

Canadian wholesale sales edged up 0.3 per cent in August to advance for a fourth consecutive month, though at a much slower pace than in previous months.
Source: ctv business
Statistics Canada says wholesale sales grew in August but at a slower pace

Strength in the technology sector and metal and mining stocks helped Canada’s main stock index creep higher in late-morning trading, while U.S. stock markets pulled back.
Source: ctv business
S&P/TSX composite edges up, U.S. stock markets down in late-morning trading

China has passed a new law restricting sensitive exports to protect national security, allowing Beijing to reciprocate against the U.S. as tensions mount between the sides over trade and technology.
Source: ctv business
China passes new law restricting sensitive exports

The CFIB estimated in June, before Canadian COVID-19 infections began rising again, that small businesses will incur $117 billion in debt that could take more than a year to pay off.
Source: ctv business
For small businesses that survive COVID-19, recovery is expected to be difficult

The Canadian government isn’t ruling out the possibility of taking a stake in Canadian airlines, like WestJet and Air Canada, as ministers consider how to help the sector in its struggles amid the COVID-19 pandemic.
Source: ctv business
Canada isn’t ruling out taking a stake in Canadian airlines: Leblanc

Authorities in Scotland have approved plans by U.S. President Donald Trump’s family business to build a second golf course in Aberdeenshire, despite campaigning from environmental activists.
Source: ctv business
Officials in Scotland approve another Trump golf course

Texas tech mogul Robert T. Brockman has been charged in a US$2-billion tax evasion case, the largest ever tax charge in the United States, law enforcement officials said.
Source: ctv business
Software CEO Robert Brockman charged in US-billion tax evasion case

Plaid Inc. denies it has used TD Bank’s logo to dupe customers into handing over personal information that the U.S.-based data company could monetize and says it’s disappointed a TD subsidiary has filed a lawsuit against it.
Source: ctv business
Plaid denies misleading customers, using trademarks unfairly after TD Bank lawsuit