Direct Loan Canada Blog

A Russian man who reportedly is a former high-ranking member of the Russian private military contractor Wagner Group, has sought asylum in Norway, authorities said Monday.
Source: ctv business
High-ranking Wagner Group member seeks asylum in Norway

Air Canada is no longer offering direct flights between Calgary and two other cities, Saskatoon and Regina, starting today.
Source: ctv business
Direct Air Canada flights between Calgary and Saskatoon, Regina end today

The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years.
Source: ctv business
The top 1 per cent captured nearly twice as much new wealth as the rest of the world over last two years

The annual event in the Swiss ski resort town of Davos, which opens Monday, has increasingly become a target of bizarre claims from a growing chorus of commentators who believe the forum involves a group of elites manipulating global events for their own benefit.
Source: ctv business
As elites arrive in Davos, conspiracy theories thrive online

More than 70 per cent of Canadian consumers and two thirds of business firms think a recession is likely in the next 12 months, according to Bank of Canada surveys.
Source: ctv business
Most Canadian businesses and consumers expect a recession in next 12 months: BoC surveys

Gains in the technology, energy and industrial sectors helped lead Canada’s main stock index higher in late-morning trading.
Source: ctv business
Tech, energy and industrials help lead S&P/TSX composite up in late-morning trading

Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum’s annual meeting gets underway.
Source: ctv business
Oxfam urges windfall tax on food companies as Davos opens

People worldwide are more gloomy about their economic prospects than ever before and trust business far more than other institutions like governments, non-profits and the media in an increasingly divided world, according to a survey from public relations firm Edelman.
Source: ctv business
Business trusted most in a more polarized world, report says

When Madelyn Chung was growing up, just a handful of stores had Lunar New Year displays. Now she looks at the proliferation of Lunar New Year retail sales and marketing campaigns across Canada with a more critical eye.
Source: ctv business
Stores launch Lunar New Year sales during typically slow shopping season

Public transit systems across Canada are grappling with revenue shortfalls due to the COVID-19 pandemic and, in many cases, reduced ridership has been slower to rebound than anticipated.
Source: ctv business
Public transit struggling to lure back riders amid rising costs of living