Direct Loan Canada Blog

The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.
Source: ctv business
U.S. authorities investigate crypto exchange FTX: AP source

Canada’s main stock index was up more than 600 points in a broad-based rally, while U.S. stock markets also stormed higher after a report showing the annual pace of inflation in the United States eased in October.
Source: ctv business
S&P/TSX composite up more than 600 points, U.S. stocks also rally higher

Canada’s low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown Toronto Thursday.
Source: ctv business
Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem

Representatives of the Pathways Alliance — a consortium of Canada’s largest oilsands companies — are attending the United Nations’ COP27 climate conference in Egypt this week, which shows just how far the industry has come in terms of its willingness to be a full-fledged partner, Pathways president Kendall Dilling.
Source: ctv business
Pathways Alliance president says oil industry will be judged on climate goals

Unions representing airport security screeners say turnover for new employees is high despite efforts to hire more workers, with as few as one in three recent hires still on the job in some regions.
Source: ctv business
Unions say turnover rate high for new airport security officers as busy holiday season looms

A number of Canadian workers have been laid off by Meta Inc. as the tech giant announced plans to cut 13 per cent of its workforce in a bid to become ‘leaner and more efficient.’
Source: ctv business
Meta layoff of 11,000 workers worldwide hits Canadian staff

Elon Musk told advertisers on Wednesday that he aimed to turn Twitter into a force for truth and stop fake accounts, an effort to assuage brands and advertising agencies that are increasingly backing away from the social media platform.
Source: ctv business
Elon Musk tells Twitter advertisers he wants to stop fake accounts, pursue truth

Statistics Canada says consumer insolvencies rose 22.5 per cent in the third quarter compared with a year earlier, marking the largest percentage increase in 13 years.
Source: ctv business
Consumer insolvencies rise 22.5 per cent compared with last year

BMO Financial Group says it will record a $1.12-billion provision after a U.S. jury found it liable for a Ponzi scheme alleged to have been facilitated by a bank it bought.
Source: ctv business
BMO takes .1-billion provision on U.S. Ponzi scheme ruling

The fallout in cryptocurrencies deepened Wednesday as investors were shaken by the failure of one of the sector’s most hyped companies.
Source: ctv business
Bitcoin tumbles as investors panic over FTX failure