Direct Loan Canada Blog

Virgin Galactic completed what’s expected to be its final test flight Thursday before taking paying customers on brief trips to space.
Source: ctv business
Virgin Galactic completes final test flight before launching paying customers to space

Air Canada was forced to ground its flights Thursday after suffering an internal technical issue.
Source: ctv business
Air Canada flights grounded after airline suffers tech issue

Transgender designer Erik Carnell has seen a surge in demand for his pins, prints, stickers and T-shirts after U.S. retailer Target Corp TGT.N pulled his products amid a backlash by some customers to its Pride collection, he said on Thursday.
Source: ctv business
Orders surge for trans designer after Target pulls products

Royal Bank of Canada raised its dividend as it reported its second-quarter profit fell compared with a year ago and the amount of money it set aside for bad loans rose.
Source: ctv business
RBC reports Q2 profit down as loan-loss provisions rise, raises quarterly dividend

The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada’s big banks.
Source: ctv business
Economic headwinds weigh on bank results as more money set aside for bad loans

As cottage season dawns, the prospect of joint ownership with family or friends grows anew for many Canadians, budding perennially like a lakeside plant.
Source: ctv business
Should I buy a cottage with friends or family?

Nvidia Corp soared about 25 per cent on Thursday to near a market value of US$1 trillion after its stellar forecast showed that Wall Street has yet to price in the game-changing potential of AI spending.
Source: ctv business
Nvidia close to becoming first trillion-dollar chip firm after stellar forecast

A labour union leader who led a long-running strike against Cambodia’s biggest casino was sentenced Thursday to two years in prison for incitement to commit a felony, while eight fellow union members received lesser terms that do not include time behind bars.
Source: ctv business
Cambodian union chief who led long-running casino strike gets 2-year prison sentence

When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment. Billions of dollars’ worth of factories, energy holdings and power plants were written off or put up for sale, accompanied by fierce condemnation of the war and expressions of solidarity with Ukraine.
Source: ctv business
Companies are finding it’s not so simple to leave Russia. Others are quietly staying put

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession.
Source: ctv business
Germany’s economy shrinks in first quarter, signalling one definition of recession