Direct Loan Canada Blog

A group convened by the federal government to study the legislation that made cannabis legal is recommending the country review one of the industry’s biggest gripes: excise taxes charged to pot producers.
Source: ctv business
Federal cannabis review calls for look at tax structure among 54 recommendations

Canada’s main stock index rose Thursday to scrape out a new all-time closing high, while U.S. markets continued to set their own records.
Source: ctv business
S&P/TSX composite ekes out new record closing high, U.S. markets also set new records

Elon Musk’s SpaceX has been accused by a U.S. labor agency of requiring employees who were laid off or fired from the rocket and satellite maker to sign unlawful agreements barring them from disparaging the company and joining class-action lawsuits against it.
Source: ctv business
SpaceX forced workers to sign illegal severance agreements, U.S. agency claims

The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper. But the former president probably will not be able to cash it out right away, unless some things change.
Source: ctv business
Wall Street debut of Trump’s Truth Social network could net him stock worth billions on paper

Federal loans to Transat A.T. Inc. cost the tour operator’s CEO nearly half a million dollars in compensation last year, thanks to conditions on the pandemic funding.
Source: ctv business
Transat CEO lost out on 0,000 bonus due to federal loans

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market.
Source: ctv business
Reddit, the self-anointed ‘front page of the internet,’ set to make its stock market debut

The Bank of Canada expects quantitative tightening to end sometime in 2025, deputy governor Toni Gravelle said in a speech Thursday about how the central bank plans to manage its balance sheet.
Source: ctv business
BoC expects quantitative tightening to end in 2025, deputy governor says

The double whammy of the COVID-19 pandemic and economic stressors is taking a toll on the mental health of Canadian adults, according to new data released by the Canadian Institute for Health Information on Thursday.
Source: ctv business
More Canadians have poor mental health. The economy is partly to blame, survey says

Horses stood idle Wednesday in Victoria’s inner harbour, where they normally would be busy transporting vacationers in horse-drawn carriages.
Source: ctv business
Wildfire worries already putting damper on B.C. tourism industry

The Bank of Canada expects it will be able to cut interest rates sometime this year, but officials are split on timing.
Source: ctv business
Bank of Canada expects to cut rates this year, governing council split on timing