Direct Loan Canada Blog

Britain’s University of Cambridge said on Thursday it had benefited from the proceeds of slavery over its history, and promised to expand scholarships for Black students and fund more research into the murderous trade.
Source: ctv business
University of Cambridge says it gained from slave trade

Retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased, Statistics Canada said Friday.
Source: ctv business
Statistics Canada says retail sales fell 2.5 per cent to .3 billion in July

Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy.
Source: ctv business
U.K. slashes personal, corporate taxes in bid to spur growth

Canada’s main stock index was down nearly 500 points in late-morning trading as the price of oil fell and losses in the energy sector led a broad-based decline, while U.S. stock markets also tumbled lower.
Source: ctv business
S&P/TSX composite down nearly 500 points, U.S. stock markets tumble lower

Rising fears around future economic growth weighed heavily on markets Friday, pushing Canada’s main stock index sharply down along with the commodities that underpin so much of it, while U.S. markets also dropped.
Source: ctv business
S&P/TSX composite closes down more than 500 points, U.S. stock markets tumble lower

New York’s attorney general says her three-year investigation of former President Donald Trump uncovered potential crimes in the way he ran his real estate empire, including allegations of bank and insurance fraud.
Source: ctv business
N.Y. probe found potential crimes. Why isn’t Trump in cuffs?

Extraordinary use of electricity has long been a telltale sign of illegal grow houses producing thousands of marijuana plants hidden in seemingly ordinary homes. But a lawsuit filed by a data privacy watchdog says a Northern California utility went too far by racially profiling Asian communities
Source: ctv business
Lawsuit: California utility targeted Asians in pot searches

Boeing will pay US$200 million to settle charges from the U.S. Securities and Exchange Commission that it misled investors about the 737 MAX that was grounded for 20 months after two fatal crashes killed 346 people.
Source: ctv business
Boeing to pay US0M to settle civil charges it misled investors about 737 MAX

There will be “people on the street” globally unless steps are taken to protect the most vulnerable from inflation, International Monetary Fund’s (IMF) chief Kristalina Georgieva warned on Wednesday
Source: ctv business
IMF chief warns there will be ‘people on the street’ globally unless steps taken to ease inflation

Canada’s cannabis industry is hoping a newly launched review of the legislation that paved the way for the recreational use and sale of pot will help the sector stave off more financial difficulties.
Source: ctv business
Pot sector wants packaging changes, financial relief from Cannabis Act review