Direct Loan Canada Blog

Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned.
Source: ctv business
Trevali CEO resigns; embattled miner entered into creditor protection last month

More than two-and-a-half years now since the pandemic began, restaurants are on a bumpy road to recovery thanks to high debt levels, rising expenses, and low profitability among other pressures, according to a new report by Restaurants Canada.
Source: ctv business
Inflation, staff shortages mean bumpy road to recovery for most restaurants in Canada

When work from home was introduced two years ago in many Canadian workplaces, it was seen as a necessary, but likely temporary, measure to protect workers from COVID-19. But its popularity has surged among Canadians this year, with many wanting it as an indefinite option, a new report has found.
Source: ctv business
Remote work’s popularity has surged, but younger workers have concerns

Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July.
Source: ctv business
CMHC reports annual rate of housing starts in August down from July

Tipping fatigue is hitting consumers as requests for gratuities increase and spread to new businesses amid the rise of automated payment machines and preset tip suggestions.
Source: ctv business
‘Now 15 per cent is rude:’ Tipping fatigue hits customers as requests rise

Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday.
Source: ctv business
Germany takes control of 3 Russian-owned oil refineries

China announced sanctions on Friday against the CEOs of American defence contractors Raytheon and Boeing Defense over a major U.S. arms sale to rival Taiwan.
Source: ctv business
China sanctions Raytheon, Boeing Defense CEOs over Taiwan

FedEx warned that a global recession could be coming, as demand for packages around the world falls.
Source: ctv business
FedEx warns of a global recession, cutting sales forecast by half a billion dollars

Canada’s main stock index was down more than 200 points in late-morning trading, led lower by losses in the energy, industrial and technology sectors, while U.S. stock markets also fell.
Source: ctv business
S&P/TSX composite down more than 200 points, U.S. stock markets also lower

Lululemon Athletica Inc. founder and billionaire Chip Wilson is donating $100 million to the B.C. Parks Foundation to help protect and enhance the province’s nature.
Source: ctv business
Lululemon founder Chip Wilson gifts 0M to help preserve B.C.’s nature