Direct Loan Canada Blog

The parliamentary budget officer estimates proposed new federal taxes on some financial institutions could generate $5.3 billion over the next five years.
Source: ctv business
New taxes on banks and life insurers will generate .3 billion over five years: PBO

At the start of the pandemic, office parking lots emptied out as workers began working from home. But more than two and a half years later, the demand for parking still hasn’t returned to pre-pandemic levels.
Source: ctv business
Parking demand plummeted after COVID-19 and it’s not picking up

Turkey’s central bank delivered another massive interest rate cut Thursday despite eye-popping inflation above 80 per cent, moving the opposite way from world economies that are raising rates to control prices as the lira sunk to record lows.
Source: ctv business
Turkey’s central bank makes big rate cut amid 80 per cent inflation

Lebanon’s banks will remain closed indefinitely after rejecting a proposed government security plan, a senior official with the country’s commercial banks association said on Thursday, amid a wave of protests and heists targeting its failing financial system.
Source: ctv business
Lebanese banks decide to stay shuttered, over security fears

The CEO of one of Canada’s largest institutional investors didn’t mince words Wednesday when speaking about the recent push by some corporate leaders to order employees back to the office full-time.
Source: ctv business
Forcing people back to office ‘tone deaf’: AIMCo CEO Evan Siddall

Canada’s main stock index was down more than 100 points, led lower by losses in the industrial and technology sectors, while U.S. stock markets also fell.
Source: ctv business
S&P/TSX composite down more than 100 points, U.S. stock markets also lower

The next airline hoping to pose a threat to the country’s Air Canada-WestJet duopoly is slated to take its inaugural flight Thursday. Canada Jetlines is scheduled to begin service with twice weekly flights from Toronto’s Pearson International Airport to Calgary International Airport.
Source: ctv business
Canada Jetlines, the latest airline to enter the crowded field, set to take off

A 23-year-old self-described ‘Crypto King’ from Ontario allegedly owes at least $35 million to investors but most of the money has disappeared.
Source: ctv business
Investors scramble to recoup money from 23-year-old ‘Crypto King’ who allegedly owes million

A 99-day run of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — has ended, with pump prices still much higher than a year ago. The nationwide average price for a gallon ticked up less than a penny Wednesday, to US$3.68 a gallon, according to AAA. That’s down from the record $5.02 average in mid-June.
Source: ctv business
U.S. gas prices tick up, ending 99-day streak of lower costs

Former U.S. president Donald Trump padded his net worth by billions of dollars and habitually misled banks and others about the value of prized assets like golf courses, hotels and his Mar-a-Lago estate, New York’s attorney general said Wednesday in a lawsuit that seeks to permanently disrupt the Republican’s ability to do business in the state.
Source: ctv business
‘Art of the steal’: Trump accused of vast fraud in NY suit