Direct Loan Canada Blog

Victims of Bernie Madoff’s Ponzi scheme can expect to soon receive another US$372 million to help cover their losses, the U.S. Justice Department announced on Wednesday, putting total recoveries above US$18.5 billion.
Source: ctv business
Another US2 million on the way to victims of Madoff Ponzi scheme

Gains in the energy sector as the price of oil rose to top US$80 a barrel helped Canada’s main stock index climb more than 200 points in late-morning trading, while U.S. stock markets also traded higher.
Source: ctv business
Canada’s main stock index up more than 200 points as oil tops US a barrel

The Canadian generic pharmaceuticals giant founded by murdered billionaire Barry Sherman in 1974 has agreed to a takeover.
Source: ctv business
Drug company founded by murdered billionaire Barry Sherman agrees to takeover

Canada’s financial intelligence agency says a wide range of businesses — from food wholesalers to electronics repair services — are being used to disguise the proceeds of illicit cannabis operations.
Source: ctv business
Front companies being used to launder illicit cannabis cash: intelligence agency

The Bank of Canada will start publishing detailed summaries of its monetary policy deliberations next year following a recommendation from the International Monetary Fund (IMF).
Source: ctv business
BoC to publish detailed summaries on policy deliberations after IMF recommendation

The Bank of England said Wednesday it would buy UK government debt “on whatever scale is necessary” in an emergency intervention to halt a bond market crash that it warned could threaten financial stability.
Source: ctv business
Bank of England will buy U.K. bonds at ‘whatever scale’ necessary to halt crash

Biogen has agreed to pay US$900 million to resolve allegations that it violated federal law by paying kickbacks to doctors to persuade them to prescribe its multiple sclerosis drugs, federal prosecutors said.
Source: ctv business
Biogen pays US0M to settle doctor kickback allegations

DBRS Morningstar estimates hurricane Fiona will cause between $300 million and $700 million in insured losses in Atlantic Canada for a record high in the region.
Source: ctv business
Hurricane Fiona to cause up to record 0 million in insured losses

When it comes to uncomfortable conversations, matters of inheritance may be near the top of the list. But as the cost of living rises and the generational wage gap grows wider, experts say it is now more important than ever to open up that dialogue.
Source: ctv business
Discussing inheritances with loved ones now more important than ever: experts

Ontario is looking for feedback as it moves toward implementing a portable benefits program for precarious workers.
Source: ctv business
Ontario wants feedback on portable benefits plan for precarious workers