Direct Loan Canada Blog

Telus says it’s offering buyouts to a large group of employees and anticipates several hundred workers will take them.
Source: ctv business
Telus offering buyouts after investing in customer service tech, self-serve options

Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as ‘the grave dancer’ for his ability to revive moribund properties has died due to complications from a recent illness. He was 81.
Source: ctv business
Sam Zell, billionaire real estate investor, dies

The Bank of Canada highlighted early signs of financial stress among Canadian households as one of the key risks in the financial system. The unprecedented increase in interest rates has raised the costs for households, a vulnerability if a recession were to occur.
Source: ctv business
Tiff Macklem stresses need for vigilance, points to household debt as key risk in Canada’s financial system

U.K. telecom company BT Group said Thursday that it plans to shed up to 55,000 jobs by the end of the decade and replace some of them with artificial intelligence, as part of an overhaul aimed at slimming down its workforce to slash costs.
Source: ctv business
U.K. telecom company BT plans to shed up to 55,000 jobs, replace some with AI

Disgraced Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities on May 30 to begin her more than 11-year prison sentence for defrauding investors in a blood-testing scam.
Source: ctv business
Elizabeth Holmes will start 11-year prison sentence on May 30

Deutsche Bank has agreed to pay US$75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier.
Source: ctv business
Deutsche Bank to pay US million to settle lawsuit from Epstein victims, lawyers say

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China.
Source: ctv business
China’s loans pushing world’s poorest countries to brink of collapse

Stocks are drifting higher Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest-rate hikes may not arrive as early as Wall Street hoped.
Source: ctv business
Stock market today: Most of Wall Street rises, adding to winning week

Toys “R” Us is opening nine new stores in former Bed Bath & Beyond locations, as well as two new Babies “R” Us stores.
Source: ctv business
Toys ‘R’ Us, Babies ‘R’ Us expanding into former Bed Bath & Beyond locations

The data breach of client’s social insurance numbers at one of Canada’s largest investment firms is “so dangerous,” according to a former high-level employee at the company.
Source: ctv business
Major data breach at one of Canada’s largest investment firms ‘so dangerous’