Direct Loan Canada Blog

The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history. In the central bank’s latest quarterly financial report, it says revenue from interest on its assets did not keep pace with interest charges on deposits at the bank.
Source: ctv business
Bank of Canada lost 2 million in third quarter, marking first loss in its history

It has been a slow, quiet death for an iconic chain, whose groundbreaking catalog and anchor position at many malls once made Sears both the Amazon and the Walmart of its day.
Source: ctv business
Is this the last Christmas for Sears?

China is ready to ‘forge closer partnership’ with Russia in energy, a state news agency quoted President Xi Jinping as saying in a letter Tuesday, potentially expanding ties that irk Washington by helping the Kremlin resist sanctions over its war on Ukraine.
Source: ctv business
China ready for ‘closer partnership’ with Russia in energy

Restaurant Brands International Inc. is expanding two of its biggest fast-food brands in Eastern Europe through an affiliate of restaurant operator McWin.
Source: ctv business
Restaurant Brands to expand Burger King, Popeyes in Eastern Europe through McWin deal

Canada saw stronger than expected economic growth in the third quarter, but economists warn the underlying numbers don’t paint such a positive picture.
Source: ctv business
Economists see underlying signs of weakening in third quarter GDP numbers

Luxury fashion house Balenciaga is suing the production company behind its Spring 2023 ad campaign after paperwork about a U.S. Supreme Court ruling on child pornography was identified in one of the images.
Source: ctv business
Balenciaga suing production company for USM over controversial campaign

Elon Musk on Monday claimed that Apple has ‘threatened’ to pull Twitter from its iOS app store, a move that could be devastating to the company Musk just acquired for US$44 billion.
Source: ctv business
Elon Musk claims Apple has ‘threatened to withhold’ Twitter from its app store

Strength in the energy and base metal sectors helped Canada’s main stock index creep higher as commodity prices rose, while U.S. stock markets were down in late-morning trading.
Source: ctv business
S&P/TSX composite creeps higher as commodity prices rise, U.S. stocks down

Suncor Energy Inc. says it has decided to keep its Petro-Canada retail business after a comprehensive review that included what it would mean to sell the operations.
Source: ctv business
Suncor to keep Petro-Canada retail business after comprehensive review of business

Royal Bank of Canada has agreed to pay $13.5-billion in cash for HSBC Bank Canada in what is the largest domestic banking deal on record.
Source: ctv business
Royal Bank of Canada signs deal to buy HSBC Canada for .5B