Direct Loan Canada Blog

Canadian bank CEOs say they’re able to adapt to the higher credit requirements the banking regulator has set in preparation for more uncertain economic times ahead.
Source: ctv business
Bank CEOs say higher credit requirements manageable following regulator boost

Canada’s big banks say they have the cash reserves needed ahead of a potential economic slowdown, while minimizing the risks it poses to their finances.
Source: ctv business
Bank CEOs say cash reserves are ready ahead of potential slowdown

Tilray Brands Inc. reported a second-quarter net loss of US$61.6 million in its most recent quarter as it temporarily slowed cannabis production because of the ‘longer-than-anticipated march toward legalization’ in some markets.
Source: ctv business
Tilray CEO ‘frustrated’ with ‘slow’ march toward U.S. legalization, reports Q2 loss

Lululemon Athletica Inc. raised its revenue guidance for its fourth quarter, but lowered its expectations for its gross margins.
Source: ctv business
Lululemon raises revenue guidance, but lowers expectations for gross margins

A management-led group of Canaccord Genuity Group Inc. employees has made a takeover bid for the company valued at $1.127 billion.
Source: ctv business
Management-led group makes takeover bid for Canaccord Genuity

Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment.
Source: ctv business
Goldman Sachs readies biggest layoffs since the financial crisis

Deloitte’s energy, oil and gas price forecast released Monday says energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues.
Source: ctv business
Energy price volatility to continue in 2023 amid geopolitical uncertainty: Deloitte

Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him.
Source: ctv business
Musk says he can’t get fair trial in California, wants Texas

Canada is suffering from a severe skills shortage in several key sectors, experts say, thanks to factors that include deficiencies in our education system as well as changing demographics. CTVNews.ca looks at some of the skills that will be most in-demand in 2023.
Source: ctv business
Which sectors are seeing a skills shortage in Canada in 2023?

Canada is suffering from a severe skills shortage in several key sectors, experts say, thanks to factors that include deficiencies in our education system as well as changing demographics. CTVNews.ca looks at some of the skills that will be most in-demand in 2023.
Source: ctv business
Looking for a job or career change? These skills will be in high demand in 2023, experts say