Direct Loan Canada Blog

Analysts say Canada’s oil and gas industry will hit $40 billion in total investment in 2023, an increase of 11 per cent from last year.
Source: ctv business
‘One of the most pivotal moments’: CAPP releases 2023 oil and gas forecast

National Bank of Canada reported a first-quarter profit of $881 million, down from $930 million in the first quarter of 2022, as its provisions for credit losses ticked up.
Source: ctv business
National Bank reports 1M Q1 profit, down from 0M a year earlier

There are going to be some changes to Canada’s tax brackets as we move into 2023. These changes could impact how you’re taxed when you file your 2023 income tax returns next year.
Source: ctv business
These are the new tax brackets for 2023

Royal Bank of Canada saw profits slip in the first quarter as it joined other banks in setting more money aside for tougher economic conditions ahead, though like others it also benefited from higher capital markets revenue as the uncertainty helped boost trading volumes.
Source: ctv business
RBC reports Q1 profit down from year ago, provisions for credit losses up

China says a ban on the use of TikTok by official European Union institutions will harm business confidence in Europe. In the latest salvo in the battle over the Chinese-owned video sharing app, the European Parliament, the European Commission and the EU Council have banned TikTok from being installed on official devices
Source: ctv business
China says EU TikTok ban will harm business confidence

Canada’s main stock index edged lower in late-morning trading as losses in the financial and technology sectors weighed against gains in the energy stocks, while U.S. stock markets were in the red.
Source: ctv business
S&P/TSX composite edges lower in late-morning trading, U.S. stock markets down

Tax season is underway in Canada. For tax procrastinators, here’s a look at what you’ll be charged if you don’t file on time this year.
Source: ctv business
What you need to know about interest and penalties if you file your taxes late

Mexico’s president announced Tuesday that electric car company Tesla has committed to building a major plant in the industrial hub of Monterrey in northern Mexico.
Source: ctv business
Mexican president says Tesla to build plant in Mexico

BMO Financial Group said Tuesday it is focused on integrating its US$16.3 billion Bank of the West acquisition that dominated fourth-quarter results and will reshape its balance sheet in the quarters ahead.
Source: ctv business
BMO Financial Group reports earnings drop on Bank of the West-related charge

Scotiabank’s new chief executive says the bank is rethinking its strategy as it reported a drop in profits last quarter because of high funding costs and expense growth.
Source: ctv business
Scotiabank rethinking strategy as results hit by high funding costs, expense growth