Direct Loan Canada Blog

The former CEO of the failed cryptocurrency exchange FTX said Wednesday that he did not ‘knowingly’ misuse customers’ funds, and said he believes his millions of angry customers will eventually be made whole.
Source: ctv business
Ex-FTX CEO says he didn’t ‘knowingly’ misuse clients’ funds

The Treasury Department said Wednesday it has complied with a court order to make former U.S. president Donald Trump’s tax returns available to a congressional committee.
Source: ctv business
Treasury complies with court order on releasing Trump taxes

A top European Union official warned Elon Musk on Wednesday that Twitter needs to beef up measures to protect users from hate speech, misinformation and other harmful content to avoid violating new rules that threaten tech giants with big fines or even a ban in the 27-nation bloc.
Source: ctv business
EU warns Musk to beef up Twitter controls ahead of new rules

Canada’s competition watchdog says the tax revenue implications of Rogers Communications Inc.’s $26-billion proposed takeover of Shaw Communications Inc. will not necessarily benefit consumers.
Source: ctv business
Tax implications of Rogers-Shaw deal discussed at hearing before tribunal

National Bank of Canada raised its dividend as it reported its fourth-quarter profit fell four per cent compared with a year ago. The increased payment came as National Bank said it earned $738 million or $2.08 per diluted share for the quarter ended Oct. 31, down from $769 million or $2.17 per diluted share in the same quarter last year. Revenue totalled $2.33 billion, up from $2.21 billion a year earlier.
Source: ctv business
National Bank reports Q4 profit down from year ago, raises quarterly dividend

Slightly over 57 per cent of workers aged 25 to 64 have a college or university credential in Canada, making it the most highly educated workforce of G7 countries, according to Statistics Canada’s 2021 census data.
Source: ctv business
Canada has most educated workforce in G7, according to StatCan

Royal Bank of Canada raised its dividend as it reported a fourth-quarter profit of $3.88 billion compared with $3.89 billion in the same quarter last year. The bank said Wednesday it will now pay a quarterly dividend of $1.32 per share, an increase of four cents.
Source: ctv business
Royal Bank of Canada reports .88B Q4 profit, raises quarterly dividend

The verdict is in: A four-day work week is good for business. After six months, most of the 33 companies and 903 workers trialling the schedule, with no reduction in pay, are unlikely ever to go back to a standard working week, according to the organizers of the global pilot program.
Source: ctv business
Global 4-day week pilot was a huge success, organizers say

Stocks wavered in afternoon trading on Wall Street Wednesday ahead of a speech by Jerome Powell, the chair of the Federal Reserve, on the outlook for the economy and inflation.
Source: ctv business
Stocks waver on Wall Street ahead of speech by U.S. Fed chair

Statistics Canada says there were 2.8 million fewer commuters in 2021 than in 2016, as the pandemic drove a shift toward remote work.
Source: ctv business
New census data shows how commuting dropped during pandemic, labour force aging