Direct Loan Canada Blog

Deutsche Bank on Friday won final approval from a U.S. judge for a US$75 million settlement it reached with victims of Jeffrey Epstein who had accused the German company of facilitating the late financier’s alleged sex trafficking.
Source: ctv business
U.S. judge approves Deutsche Bank US million settlement with Epstein accusers

Canada’s telecommunications regulator is looking to ease some Canadian content spending requirements for Corus Entertainment Inc. as the company says labour unrest in the U.S. entertainment industry and high inflation have hurt its bottom line.
Source: ctv business
CRTC might ease Corus’ Canadian content spending requirements after profit plunge

Statistics Canada says retail sales fell 0.1 per cent to $66.1 billion in August as sales at new and used car dealers fell for the month. The agency also says its early estimates suggest retail sales were unchanged in September, though it cautioned the reading would be revised.
Source: ctv business
Statistics Canada says retail sales down 0.1 per cent at .1 billion in August

Bitcoin jumped on Friday above US$30,000 for the first time since July, taking gains for the week past 10%, against a backdrop of volatile trading across cryptocurrencies.
Source: ctv business
Bitcoin hits two-month high above US,000 in volatile week

The chief financial officer of Transat AT Inc. is leaving the company to become chief financial officer at Dollarama Inc.
Source: ctv business
Transat AT CFO Patrick Bui takes job at retailer Dollarama

The first of Canada’s new armoured combat support vehicles for the Canadian Armed Forces has been delivered: a set of four ambulances, equipped for combat support.
Source: ctv business
Canada receives first set of new armoured vehicles made in London, Ont.

Profits and markups have increased over the last two decades as the state of competition in Canada has deteriorated, an in-depth analysis from the Competition Bureau finds.
Source: ctv business
Profits, markups rose as competition weakened over 20 years: Competition Bureau

Wall Street is drifting Friday as it heads toward the end of its worst week in a month.
Source: ctv business
Stock market today: Wall Street drifts as it heads toward the close of its worst week in a month

The Biden administration on Wednesday announced $3.5 billion for 58 projects across the country to strengthen electric grid resilience as extreme weather events such as the deadly Maui and California wildfires continue to strain the nation’s aging transmission systems.
Source: ctv business
U.S. announces .5B for projects nationwide to strengthen electric grid, bolster resilience

Canada’s main stock index lost more than one per cent Wednesday amid broad-based losses led by industrials, utilities and base metals, while U.S. markets also fell. The S&P/TSX composite index closed down 242.10 points at 19,450.70.
Source: ctv business
Canadian, U.S. markets fall amid ongoing rate uncertainty, mixed U.S. earnings