Direct Loan Canada Blog

Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found.
Source: ctv business
Government impersonation, phishing are top financial scams, Interac survey finds

Scotiabank’s profits took a sizable hit last quarter as it felt the early effects of the slowing economy, and prepared for worse to come.
Source: ctv business
Scotiabank profits weighed down by bad loan provisions, layoff charges

Amid an ongoing strike at Western Canada’s largest sugar refinery, bakery owners and chocolatiers are finding it hard to locate the amounts of sugar they need to keep their businesses going as we head into the holiday season.
Source: ctv business
How Western Canada’s sugar shortage is affecting bakeries, chocolatiers

China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.
Source: ctv business
China’s fast-fashion retailer Shein files for U.S. IPO: Reuters sources

Canada’s grocery code of conduct is in the final stages with advocates saying it would help lower food prices while big grocers say it won’t.
Source: ctv business
What is the grocery code of conduct, and will it help to lower the cost of food?

Tesla on Monday filed a lawsuit against the Swedish state via Sweden’s Transport Agency as striking postal workers in the Scandinavian country halted the delivery of licence plates of new vehicles manufactured by the Texas-based automaker.
Source: ctv business
Tesla sues Swedish agency as striking workers stop delivering licence plates for its new vehicles

A recent FedEx survey shows porch thefts have risen over the last two years, with 28 per cent of respondents reporting they’ve had packages stolen by so-called porch pirates in the past. That compares to 24 per cent of respondents in 2022 and 20 per cent in 2021.
Source: ctv business
Buyer beware: porch piracy set to ramp up with holiday season fast approaching

The union representing 2,100 flight attendants at Air Transat says workers have voted to approve a strike if they cannot reach a new contract with the airline.
Source: ctv business
Air Transat’s 2,100 flight attendants adopt strike mandate

Russia has added the spokesman of U.S. tech giant Meta, which owns Facebook and Instagram, to a wanted list, according to an online database maintained by the country’s interior ministry.
Source: ctv business
Russia puts spokesman for tech giant and Facebook owner Meta on wanted list

Among the many challenges small businesses face as they try to grow these days, getting a loan is right near the top.
Source: ctv business
Turned down for a loan, business owners look to family and even crowdsourcing to get money to grow