Direct Loan Canada Blog

The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold.
Source: ctv business
Some OPEC+ members will cut the oil that they send to the world to try to boost prices

A sporting goods chain is paying the families of three people shot to death by a South Carolina serial killer US$2.5 million after one of its stores sold guns to a straw buyer who gave them to the killer, a felon who couldn’t legally buy the weapons.
Source: ctv business
Academy Sports is paying US.5 million to families of a serial killer’s victims for illegal gun sales

TD Bank Group said it’s cutting three per cent of staff and setting more money aside for souring loans as it reported fourth quarter results that reflect a deteriorating economic picture.
Source: ctv business
TD Bank cuts jobs as quarterly results reflect a gloomy economic picture

The Canadian economy shrank in the third quarter as higher rates weighed on consumer and business spending, but has so far managed to skirt a recession after a significant upward revision to second quarter GDP figures.
Source: ctv business
Canadian economy shrank in Q3 but manages to ‘keep its head above recession waters’

A new survey suggests one in four Canadians believe a university degree is essential to succeed economically.
Source: ctv business
Twenty-five per cent of Canadians believe a degree is necessary for economic success

The air traffic controller on duty when FedEx and Southwest planes nearly collided earlier this year in Texas told investigators that he expected the airliner to take off more quickly — before the incoming FedEx plane reached the same runway.
Source: ctv business
Safety officials release details of their investigation into a close call between planes in Texas

The Kraft Heinz Co. said Wednesday it’s bringing dairy-free macaroni and cheese to the U.S. for the first time. The company said the new recipe has the same creamy texture and flavor of its beloved 85-year-old original Mac & Cheese but replaces dairy with ingredients like fava bean protein and coconut oil powder.
Source: ctv business
Kraft debuts dairy-free mac and cheese in the U.S.

For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations at the Canadian company’s biggest revenue source.
Source: ctv business
‘We aren’t going anywhere’: How Panama fishing boats brought a Canadian mining company to its knees

Dallas Mavericks owner Mark Cuban has entered into an agreement to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, it was announced Wednesday. The deal could be completed in the coming weeks.
Source: ctv business
Sands casino family say they’ll buy majority of Mavs from Cuban. AP source says valuation is US.5B

Small businesses lost more than $38 billion in revenue opportunities last year because of labour shortages, according to estimates from the Canadian Federation of Independent Business.
Source: ctv business
Labour shortages cost small businesses billion in lost sales last year: CFIB