Direct Loan Canada Blog

Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case.
Source: ctv business
FTX’s Bankman-Fried denies witness tampering, accepts gag order

The Bank of Canada will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the central bank on Monday.
Source: ctv business
Canadian market participants see rates staying at 5 per cent in 2023: BoC survey

Iranian authorities have shut down one of the offices of the country’s biggest e-commerce company and launched judicial procedures after it published pictures online showing female employees not wearing the mandatory Islamic headscarf, semi-official media reported.
Source: ctv business
Iran targets e-commerce giant over photos of female employees without headscarves in new crackdown

Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an ‘important strategic partner.’
Source: ctv business
Chinese e-commerce giant Alibaba says it will not sell shares in Ant’s buyback program

Jeff Knoll, CEO and Executive Producer of Film.ca Cinemas Inc., says he’s concerned about the Hollywood strike and shares how his independent movie theatre could respond to a slowdown of films.
Source: ctv business
‘Crickets since the strike’: How the Hollywood strike is impacting Canadian theatres

Within weeks, the tsunami-hit Fukushima Daiichi nuclear power plant is expected to start releasing treated radioactive wastewater into the sea, a highly contested plan still facing fierce protests in and outside Japan.
Source: ctv business
Treated radioactive wastewater set to be released in ocean worries businesses in Japan

In recent months, there has been feverish excitement surrounding the potential of ‘generative’ artificial intelligence to produce whopping returns for investors. But some in the industry are worried the funding frenzy is turning into a bubble.
Source: ctv business
AI investment is booming. How much is hype?

Canada’s inflation rate has returned to the country’s target range after a tumultuous couple of years of soaring prices. Statistics Canada reported on Tuesday that inflation fell to 2.8 per cent in June.
Source: ctv business
Inflation has fallen, but the Bank of Canada hasn’t backed off rate hikes. Here’s why

A new economic report from TD says Canada is falling behind the standard-of-living curve compared to its peers.
Source: ctv business
Canada’s standard of living falling behind other advanced economies: TD

Elon Musk said Sunday that he plans to change the logo of Twitter to an ‘X’ from the bird, marking what would be the latest big change since he bought the social media platform for US$44 billion last year.
Source: ctv business
Musk says Twitter to change logo to ‘X’ from the bird, changes could come as early as Monday