Direct Loan Canada Blog

A recent study from researchers at the University of British Columbia shows that when CEOs admit their mistakes and take responsibility for unfavourable actions, it positively impacts the company’s value.
Source: ctv business
Companies have better financials with CEOs who admit mistakes: Canadian study

Bell Media says its president Wade Oosterman, who also serves as vice-chair of parent company BCE Inc., is set to retire at the end of the year, to be replaced by Sean Cohan, who is joining the company in November.
Source: ctv business
Bell Media president Wade Oosterman to retire, to be replaced by Sean Cohan

On the heels of a U.S. Supreme Court victory this summer for a graphic artist who didn’t want to design wedding websites for same-sex couples, Colorado’s highest court said Tuesday it will now hear the case of a Christian baker who refused to make a cake celebrating a gender transition.
Source: ctv business
Colorado high court to hear case against Christian baker who refused to make LGBTQ-themed cake

Jury selection began Tuesday in the fraud trial of FTX founder Sam Bankman-Fried after a prosecutor revealed that no discussions about a potential plea agreement took place in the 10 months since the cryptocurrency executive was arrested and brought to the United States.
Source: ctv business
Jury selection begins in trial of fallen cryptocurrency mogul Sam Bankman-Fried

Travellers flying between Toronto and Montreal now have one less option for the winter after WestJet temporarily removed service between the two cities.
Source: ctv business
WestJet temporarily suspends flights between Toronto and Montreal

Wall Street is sinking again under the weight of higher yields in the bond market.
Source: ctv business
Stock market today: Unrelenting rise in Treasury yields drags Wall Street lower

Bank of Canada deputy governor Nicolas Vincent says businesses are still raising their prices more frequently and by larger amounts than they did before the pandemic, which is contributing to higher-than-expected inflation.
Source: ctv business
Frequent price increases by businesses contributing to sticky inflation: BoC official

Meta Platforms is looking to introduce ad-free subscription plans for Instagram and Facebook users in Europe, two people familiar with the matter said on Tuesday.
Source: ctv business
Meta’s Instagram, Facebook to charge EU users for ad-free service: source

South Asia is expected to grow by 5.8 per cent this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday.
Source: ctv business
South Asia is expected to grow by nearly 6 per cent this year, making it the world’s fastest-growing region

The Federal Court of Appeal has rejected an attempt by Google to overturn a decision that found the company’s search engine is covered by Canada’s privacy law, marking another victory for people seeking a digital ‘right to be forgotten.’
Source: ctv business
Federal Court of Appeal rules against Google in privacy law case