Direct Loan Canada Blog

The Canadian economy was treading water at the end of 2022, the latest GDP report shows, but beneath the disappointing data is resilient consumer spending keeping the economy afloat.
Source: ctv business
Canadian economy posted no growth in fourth quarter, but consumer spending is holding on

Airline Wizz Air said on Monday it would suspend flights to the Moldovan capital Chisinau from March 14 due to concerns about the safety of its airspace, a decision Moldova’s civil aviation authority described as sudden and regrettable.
Source: ctv business
Wizz Air to suspend Moldova flights, citing security

Elon Musk has reclaimed the title of the richest person in the world, per Bloomberg’s tally. The Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury brand LVMH, in December of last year.
Source: ctv business
Elon Musk is the richest person in the world again

Shares were lower in Europe on Tuesday after a mixed session in Asia following a reprieve on Wall Street from selling pressure driven by worries over inflation and interest rates.
Source: ctv business
World shares mixed after slight gains on Wall Street

Florida Governor Ron DeSantis on Monday signed a bill that takes control of a special tax district surrounding Walt Disney World that for half a century allowed Walt Disney Co. operate with a high degree of autonomy.
Source: ctv business
‘Corporate kingdom’ of Walt Disney World ended by Florida governor

There’s a new buzzword circulating amidst recession fears. It’s called a ‘no landing’ scenario, but one economist says it’s so unlikely that if it happens, economists might throw away their text books.
Source: ctv business
Economist calls ‘no landing’ recession scenario possible only ‘in fantasy land’

Trade between China and Canada hit record levels in 2022, with imports breaking the $100-billion mark for the first time, Statistics Canada data show.
Source: ctv business
Canada-China trade breaks record, as imports hit 0 billion

Nearly all flights at Germany’s Cologne-Bonn airport and the majority at nearby Duesseldorf were cancelled or diverted on Monday as a result of strikes that also affected local transportation, day-care facilities and local administration in Germany’s most populous region.
Source: ctv business
Strikes hit 2 German airports in public workers pay dispute

TD Bank Group said Monday it will pay US$1.2 billion to settle a lawsuit related to one of the largest Ponzi schemes ever orchestrated.
Source: ctv business
TD Bank to pay US.2 billion to settle Stanford Ponzi scheme lawsuit

Missing Chinese investment banker Bao Fan is co-operating with an investigation in China, his company China Renaissance said in a stock market filing Sunday.
Source: ctv business
Company says missing Chinese banker Bao Fan aiding probe