Direct Loan Canada Blog

Silicon Valley’s tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men.
Source: ctv business
A generation of high-profile women tech leaders have stepped aside. What’s next?

Canada’s biggest bookstore chain says the data of current and former employees was stolen in a ransomware attack. Indigo Books & Music Inc. says the breach on Feb. 8 left no indication that customers’ personal information, such as credit card numbers, had been compromised, but that ‘some employee data was.’
Source: ctv business
Indigo employees’ data breached in ransomware attack

The federal government posted a $5.5-billion deficit during the first nine months of its 2022-23 fiscal year. In its monthly fiscal monitor, the Finance Department says the result compared with a deficit of $70.1 billion during the same period a year earlier.
Source: ctv business
Federal government posts .5B deficit for April to December 2022

Nearly half of Canadians say they think mortgage fraud is common in Canada, while a sizeable portion think it’s acceptable to inflate income or misrepresent your employment to secure a mortgage.
Source: ctv business
Nearly half of Canadians think mortgage fraud is common, some are willing to do it: survey

Chemicals maker BASF said Friday that it plans to cut around 2,600 jobs in a cost-cutting drive spurred in part by the impact of high energy prices. The announcement came after charges related to the exit from Russia of the company’s gas and oil subsidiary pushed it to a loss in 2022.
Source: ctv business
Germany’s BASF to shed 2,600 jobs in cost-cutting drive

Tensions over Russia’s war on Ukraine flared Friday at meetings of financial chiefs of the Group of 20 leading economies, where geopolitics affected the atmosphere if not the agenda of the gathering in the Indian technology hub of Bengaluru.
Source: ctv business
Ukraine tensions flare at G20 finance meetings in India

Stocks are falling on Wall Street Friday as dispiriting evidence keeps piling up to show inflation isn’t cooling as quickly as hoped.
Source: ctv business
Stocks drop on inflation data, head for worst week of year

Another cold reminder that inflation remains hotter than hoped sent Wall Street skidding Friday, and stocks closed out their worst week since early December.
Source: ctv business
Stocks drop, send Wall Street to its worst week of the year

Quebec Premier Francois Legault admitted Friday that a decades-old hydroelectricity deal that has made his province billions of dollars has become “a bad deal” for Newfoundland and Labrador — but he stopped short of calling it an injustice.
Source: ctv business
Quebec and N.L. premiers hold energy talks, plan to review Churchill Falls ‘bad deal’

Canadian landlords were asking for less money in January than they were in December, but significantly more than they’d charged at this time last year, according to a recently released report.
Source: ctv business
Rent in Canada: Which cities are seeing rates rise, and where are tenants paying less?