Direct Loan Canada Blog

Canada’s main stock index was down nearly 400 points in a broad-based decline in late-morning trading, while U.S. stock markets also fell a day after the U.S. Federal Reserve raised its key interest rate and said it expected rates still needed to go higher.
Source: ctv business
S&P/TSX composite down nearly 400 points, U.S. stock markets also lower

Shares of Tesla rose slightly in midday trading Thursday despite news that CEO Elon Musk sold another US$3.58 billion worth of the electric vehicle maker’s stock this week.
Source: ctv business
Tesla stock slips as Elon Musk sells another US.58B of its shares

Efforts by Canada’s financial intelligence agency over the last three years uncovered activity related to homegrown terrorism, the bankrolling of international terrorist groups and attempts by Canadians to take part in extremism abroad.
Source: ctv business
Financial intelligence agency tracking signs of homegrown terrorism financing

Canada’s banking regulator is holding the interest rate used in a key stress test for uninsured mortgages steady.
Source: ctv business
Federal banking regulator keeps key mortgage stress test rate unchanged

A group of Black federal public servants is accusing the government of racism and is threatening to pull out of the development of a mental health action plan meant for Black workers.
Source: ctv business
Black federal employees say creation of mental health program plagued by racism

Donald Trump’s company impeded a grand jury investigation last year by repeatedly failing to turn over evidence in a timely fashion, leading to a secret contempt finding and a $4,000 fine, according to court records made public Tuesday.
Source: ctv business
Trump Organization secretly held in contempt for hindering probe

HSBC, Europe’s biggest bank, announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.
Source: ctv business
HSBC updates climate policy to stop funding new oil and gas

The Ontario Securities Commission says it no longer has a reasonable prospect of conviction against three former cannabis company leaders linked to securities offenses at CannTrust Holdings Inc.
Source: ctv business
OSC says no reasonable prospect of conviction in CannTrust case

Bernard Arnault, the chairman of French luxury goods giant LVMH, has just become the first European to top Bloomberg’s list of the world’s richest people, relegating Elon Musk to second place.
Source: ctv business
Bernard Arnault just became the world’s richest person. So who is he?

After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation.
Source: ctv business
U.S. Federal Reserve set to extend inflation fight with 7th rate hike of 2022