Direct Loan Canada Blog

Corruption has long plagued Venezuela — the OPEC nation was the fourth-most corrupt in the world in the latest rankings by Transparency International — but those in positions of power are rarely held accountable.
Source: ctv business
Shadowy brokers walk off with billions in Venezuelan oil

Ontario’s minimum wage is set to rise to $16.55 an hour on Oct. 1.
Source: ctv business
Ontario minimum wage to increase to .55 per hour on Oct. 1

The largest telecommunications deal in Canadian history will go forward after Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc. received approval from Ottawa on Friday.
Source: ctv business
Ottawa gives final approval, with conditions, for Rogers’ B purchase of Shaw

Just a week after Airbnb tightened regulations for Quebec listings following a deadly fire, hosts may already be bending the rules. Airbnb now requires its hosts to provide a six-digit policy number with their listing, obtained when a tourist lodging is registered with the provincial government. But a scroll through the Airbnb website suggests users are falsifying their permit numbers to sneak past the authentication process.
Source: ctv business
123456: Are Quebec Airbnb hosts faking permit numbers to skirt new regulations?

For nearly a year, the average used vehicle in the United States had been edging toward affordable again for millions of people. Now, with the supply of used vehicles failing to keep up with robust demand, prices are creeping up again, with signs pointing to further increases ahead.
Source: ctv business
Used car prices are surging. Here’s why you should buy now

Constellation Software Inc. has reported a fourth-quarter profit of US$152 million, up from $124 million a year earlier, as acquisitions helped its revenue grow.
Source: ctv business
Constellation Software reports US2M Q4 profit, acquisitions help lift revenue

The European Union must be prepared to develop measures to protect trade and investment that China might exploit for its own security and military purposes, European Commission President Ursula von der Leyen warned on Thursday.
Source: ctv business
EU chief urges caution in tech trade with China

Top executives of Chinese e-commerce and financial giant Alibaba said Thursday that the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to optimize the value of its sprawling businesses.
Source: ctv business
China e-commerce giant Alibaba outlines future strategy

Silicon Valley Bank’s collapse earlier this month dealt a major blow to the wine and crypto firms that entrusted their money with and depended on the lender to stay afloat.
Source: ctv business
Silicon Valley Bank’s chaos has been bittersweet for crypto and wine

China’s new No. 2 leader said Thursday its economic recovery improved in March and tried to reassure foreign companies the country is committed to opening to the world.
Source: ctv business
China’s No. 2 leader says economy improved in March