Direct Loan Canada Blog

Equifax Canada says new data suggests a significant shift in credit usage among businesses in the first quarter of 2023.
Source: ctv business
Businesses’ changing credit usage a worrying trend: Equifax

Stocks are slipping Tuesday in Wall Street’s first trading after a five-week rally carried it to its highest level since the spring of last year.
Source: ctv business
Stock market today: Wall Street slips as it takes a pause after its big rally

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies.
Source: ctv business
Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

The head of the Tourism Industry Association of Canada says businesses are struggling to stay afloat under a pile of debt and a dearth of overseas visitors. In a poll of tourism operators, some 45 per cent said they were likely or somewhat likely to shut down within three years unless the government steps in to adjust their loan conditions.
Source: ctv business
Tourism businesses in a ‘dire’ state, with debt mounting and demand meager: industry

Air travel industry observers say federal regulators should watch closely for consumer price impacts as WestJet winds down Sunwing Airlines.
Source: ctv business
WestJet is shutting down Sunwing Airlines. What does that mean for consumers?

India’s IndiGo airline is buying 500 passenger jets from European planemaker Airbus, the two companies said Monday, in a record-setting order that underscores surging demand for air travel fueled by the country’s economic growth.
Source: ctv business
Airbus wins record order for 500 jets from India’s IndiGo at Paris Air Show

Intel and the German government signed a deal Monday that will see the U.S. company spend more than 30 billion euros (US$32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required.
Source: ctv business
Intel to build US-billion chip plant in Germany after government pledges to cover 1/3rd of cost

Hackers from the BlackCat ransomware gang, also known as ALPHV, are threatening to leak 80 gigabytes of confidential data from Reddit that they claim to have stolen during a February breach, according to a post from the group on the dark web, which was reviewed by CNN and an independent cybersecurity expert.
Source: ctv business
Hackers threaten to leak stolen Reddit data if company doesn’t pay US.5 million

Brewers in the United Kingdom are cutting the alcohol content — but not the price — of several of their most popular beers in what’s been described as another example of ‘shrinkflation.’
Source: ctv business
‘Drinkflation’ comes for the British pint. Brewers sell weaker beer but don’t cut prices

Retail sales growth in Canada is continuing to outperform much of the world so far this year, a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions, a new report has found.
Source: ctv business
‘Retail has nine lives’ in Canada as 2023 consumer spending strong — for now: report