Direct Loan Canada Blog

Wall Street is tacking a bit more onto its stupendous surge from a day before, putting it on track to close out its best week since the summer.
Source: ctv business
Wall Street adds to its big winning week; crypto falls again

The S&P/TSX composite continued its rally Friday, rising more than 120 points and closing above 20,000 points for the first time since late August, while U.S. markets also rose.
Source: ctv business
S&P/TSX composite up 120 points to close week, U.S. markets also up

Two provincial privacy watchdogs say they have received data breach reports from Sobeys, which has been dealing with ‘IT system’ issues for much of the past week affecting customers seeking prescriptions at some pharmacies it operates.
Source: ctv business
Two provincial privacy watchdogs confirm Sobeys experiencing data breach

It took less than a week for FTX to go from the third-largest cryptocurrency exchange in the world to bankruptcy court. The embattled cryptocurrency exchange, short billions of dollars, is seeking bankruptcy protection after the exchange experienced the crypto equivalent of a bank run.
Source: ctv business
Embattled crypto exchange FTX files for bankruptcy

It took less than a week for FTX to go from the third-largest cryptocurrency exchange in the world to bankruptcy court. The embattled cryptocurrency exchange, short billions of dollars, is seeking bankruptcy protection after the exchange experienced the crypto equivalent of a bank run.
Source: ctv business
Crypto exchange giant FTX collapses, files for bankruptcy

KFC Germany apologized for an ‘unacceptable’ message sent to customers on Wednesday, which appeared to tie a sales promotion to the annual commemoration of Kristallnacht.
Source: ctv business
KFC Germany apologizes for advertising a Kristallnacht promotion

The Ontario Teachers’ Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.
Source: ctv business
Ontario Teachers’ Pension Plan invested USM into failing crypto platform FTX

Elon Musk warned Twitter employees Thursday to brace for ‘difficult times ahead’ that might end with the collapse of the social media platform if they can’t find new ways of making money.
Source: ctv business
Elon Musk warns Twitter’s survival at stake as staff quits

The federal Competition Bureau is investigating the Canadian Gas Association to determine if it made misleading statements about the environmental impact of natural gas.
Source: ctv business
Competition Bureau investigating Canadian Gas Association claims after complaint

Embattled vaping company Juul Labs announced hundreds of layoffs Thursday as the company weathers lawsuits, government bans and increasing competition for its electronic cigarettes.
Source: ctv business
Vaping company Juul announces hundreds layoffs amid lawsuits, government bans