Direct Loan Canada Blog

The Swiss government says it’s ordered cuts to the bonuses of top executives of Credit Suisse, with nearly 1,000 managers being ‘deprived’ of tens of millions combined as the troubled bank heads toward a forced merger with rival UBS.
Source: ctv business
Swiss cut up to M in bonuses for top Credit Suisse execs

The Canadian economy added 35,000 jobs in March amid strong population growth, keeping the unemployment rate steady at near record lows.
Source: ctv business
Economy added 35,000 jobs in March, unemployment rate still hovering near record low

Stocks on Wall Street are drifting lower Thursday, threatening to send the S&P 500 to its first losing week in the last four following some discouraging reports on the economy.
Source: ctv business
Stocks slip as they close out a weak, holiday-shortened week

Stocks ticked higher on Wall Street Thursday, offering a quiet end to a shortened trading week dogged by worries about a slowing economy.
Source: ctv business
Stocks tick higher to close out shortened trading week

Galen Weston took in $8.4 million in total compensation in the 2022 fiscal year in his role at the head of Loblaw Companies Ltd.
Source: ctv business
Loblaw CEO Galen Weston’s compensation jumps 55 per cent to .4 million

Small businesses in Canada have received less than 10 per cent of the financial aid they were promised to help them offset the costs of the national price on carbon emissions.
Source: ctv business
Small businesses not getting what they were promised in aid to offset carbon price

Bob Lee, a technology executive who created Cash App and was currently chief product officer of MobileCoin, was fatally stabbed in San Francisco early Tuesday, according to the cryptocurrency platform and police.
Source: ctv business
Bob Lee, Cash App founder and MobileCoin exec, slain at 43

Statistics Canada says the country’s merchandise trade surplus fell to $422 million in February as exports fell more than imports.
Source: ctv business
Canadian merchandise trade surplus slips to 2M in February: StatCan

Health Canada is recalling a line of rechargeable LED vanity mirrors over concerns that the lithium-ion battery could overheat, posing a fire hazard.
Source: ctv business
60,000 rechargeable LED mirrors recalled in Canada due to fire hazard

Five of the world’s busiest airports for passengers in 2022 were in the United States, according to preliminary global air traffic figures.
Source: ctv business
Half of the world’s 10 busiest airports for 2022 are in the United States