Direct Loan Canada Blog

Nova Scotia’s energy regulator has approved $163.7 million for 2023 to finance, operate and maintain the undersea hydro electricity cable that feeds the province power from Labrador.
Source: ctv business
Nova Scotia’s regulator approves 4 million in Maritime Link costs for 2023

Edward Seaton, a longtime Kansas newspaper publisher who served as the Pulitzer Prize Board’s chair and advocated for international press freedom, has died. He was 79.
Source: ctv business
Kansas publisher, Pulitzer chair Edward Seaton dies at 79

Royal Bank of Canada’s proposed $13.5-billion takeover of HSBC Bank Canada will face scrutiny from Canada’s competition watchdogs in the year ahead, but critics say their leash is too short while efforts in the U.S. point to potential ways of doing it better.
Source: ctv business
Review of RBC’s .5B takeover of HSBC Canada shows limits to system: critics

A Ukrainian businessman and former lawmaker suspected of embezzling more than US$100 million has been arrested at a high-end ski resort in the French Alps, according to Ukrainian authorities.
Source: ctv business
Ukrainian tycoon arrested in French ski resort in bank probe

Travellers who counted on Southwest Airlines to get them home suffered through another wave of cancelled flights Wednesday, and pressure grew on the federal government to help customers get reimbursed for unexpected expenses they incurred because of the airline’s meltdown.
Source: ctv business
Southwest Airlines flight cancellations continue to snowball

Ethiopian Airlines on Wednesday resumed scheduled flights to Tigray’s capital, Mekele, as the result of a peace agreement signed between the federal government and Tigray officials in November.
Source: ctv business
Ethiopian Airlines resumes flights to Tigray’s capital

Canada’s main stock index fell more than one per cent Wednesday, with broad-based losses led by the energy sector, while U.S. markets also fell by more than one per cent.
Source: ctv business
S&P/TSX composite down more than one per cent, U.S. markets also fall

A Manhattan federal judge known for swift decisions and a no-nonsense demeanour during three decades of overseeing numerous high-profile cases was assigned Tuesday to Sam Bankman-Fried’s cryptocurrency case.
Source: ctv business
No-nonsense judge takes over FTX-Bankman-Fried criminal case

Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times.
Source: ctv business
Canadian oilpatch likely to surpass 2022’s production record, but only slightly

Shoppers were back on Monday in stores across Canada for the first Boxing Day since 2019 with no COVID-19 restrictions, but experts say the pandemic has forever changed one of the biggest shopping days of the year.
Source: ctv business
First Boxing Day without COVID-19 restrictions sees full stores, but not as much business as pre-pandemic