Direct Loan Canada Blog

The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June, official figures showed Friday.
Source: ctv business
British economy unexpectedly grows by 0.2 per cent in second quarter largely because of June weather boost

Air Canada says earnings last quarter reached heights not seen since before the COVID-19 pandemic amid high travel demand and pricier fares, and despite thousands of flight delays.
Source: ctv business
Air Canada profits soar amid high demand and fares, and despite flight delays

A ‘perfect storm’ of problems lies behind Air Canada’s wave of flight delays over the summer, its CEO said, even as the country’s largest airline roars back to profitability — with no sign of slowing down.
Source: ctv business
‘Perfect storm’ causing constant delays at Air Canada, despite windfall profits: CEO

Millions of Canadians affected by the LifeLabs cyberattack nearly four years ago could be eligible for a small piece, anywhere from $50 to $150, of a proposed class-action settlement worth at least $4.9 million if approved by a court.
Source: ctv business
LifeLabs to pay out at least .9 million in proposed class-action settlement over data breach

Robinhood Markets on Thursday defeated an appeal by investors over the stock trading platform’s decision to restrict purchases of 13 ‘meme stocks’ during a January 2021 frenzy that squeezed hedge funds.
Source: ctv business
Robinhood defeats investors’ appeal over meme stock frenzy

Virgin Galactic rocketed to the edge of space with its first tourists Thursday, including a former British Olympian who bought his ticket 18 years ago and a mother-daughter duo from the Caribbean.
Source: ctv business
Virgin Galactic flies its first tourists to the edge of space

Virgin Galactic rocketed to the edge of space with its first tourists Thursday, a former British Olympian who bought his ticket 18 years ago and a mother-daughter duo from the Caribbean.
Source: ctv business
Virgin Galactic’s first space tourists finally soar, an Olympian and a mother-daughter duo

The United States, United Kingdom, and Canada slapped sanctions Thursday on Lebanon’s embattled former central bank governor and a handful of close relatives and associates over allegations of corruption, the U.S. Treasury Department said.
Source: ctv business
U.S., U.K. and Canada sanction Lebanon’s former central bank governor over corruption allegations

On plateaus overlooking the Uinta Basin’s hills of sandstone and sagebrush, pumpjacks bob their heads as they lift viscous black and yellow oil from the earth that will eventually make everything from fuel to polyester fabric.
Source: ctv business
Utah’s multibillion dollar oil train proposal chugs along amid environment and derailment concerns

Canadian Tire Corp. Ltd. is reporting a drop in earnings and revenue as inflation tamps down consumer demand for discretionary goods.
Source: ctv business
Canadian Tire sees cautious consumer spending drag down profits