Direct Loan Canada Blog

The Ontario government is proposing an update to employment laws that would entitle remote employees to termination notice.
Source: ctv business
Ontario proposes new rules for companies laying off remote employees

As regulators move to address the stunning collapse of Silicon Valley Bank, analysts say there is limited fallout risk for the Canadian financial sector.
Source: ctv business
Silicon Valley Bank collapse presents low risk for Canadian sector: analysts

Over the last three days, the U.S. seized the two financial institutions after a bank run on Silicon Valley Bank, based in Santa Clara, California. It was the largest bank failure since Washington Mutual went under in 2008. How did we get here?
Source: ctv business
Silicon Valley Bank collapse: What you need to know

In a move described by Flair as ‘extreme and unusual,’ a New York-based hedge fund seized four of the airline’s planes over the weekend, resulting in a number of cancelled flights.
Source: ctv business
‘Extreme and unusual’: Why did Flair have 4 of its planes seized this weekend?

Pfizer is spending about US$43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue.
Source: ctv business
Pfizer buys Seagen for USB, boosts access to cancer drugs

Canadian Tire Corp. is rolling out a new fee-based subscription program as part of its Triangle Rewards loyalty program.
Source: ctv business
Canadian Tire launches fee-based Triangle Rewards subscription program for /year

Equity markets have been zigzagging throughout the day while digesting multiple developing stories, including two recent bank failures, the U.S. government’s plan to backstop the financial system and changing investor sentiment about interest rate hikes.
Source: ctv business
U.S. markets rise amid volatile trading over bank fears

U.S. President Joe Biden insisted Monday that the nation’s banking system was safe, seeking to project calm after the collapse of two banks stirred fears of a broader upheaval and prompted regulators to offer emergency loans to banks to stave off additional failures.
Source: ctv business
Biden insists banking system is safe after 2 bank collapses

Canada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank.
Source: ctv business
Canadian regulator seizes assets of Toronto branch of Silicon Valley Bank

Iran’s oil exports have reached their highest level since the re-imposition of U.S. sanctions in 2018, the country’s Oil Minister Javad Owji said on Sunday, according to the semi-official Tasnim news agency.
Source: ctv business
Iran says oil exports hit highest level since re-imposition of U.S. sanctions: Tasnim