Direct Loan Canada Blog

Canada’s main stock index was down more than 300 points in late-morning trading as losses in the energy, technology and base metal sectors led a broad-based decline in stocks.
Source: ctv business
S&P/TSX composite down more than 300 points as stocks tumble

Bed Bath & Beyond is in deep turmoil. The company is trying to rescue itself and stay out of bankruptcy by shrinking. The chain said Wednesday that it will lay off approximately 20 per cent of corporate employees.
Source: ctv business
Bed Bath & Beyond is making a last-ditch effort to save itself

A Canadian environmental organization is calling for more transparency and better enforcement of national regulations of toxic chemicals after more than one quarter of items bought at popular dollar stores tested positive for substances such as lead.
Source: ctv business
Toxic chemicals commonly found in dollar store items, testing shows

As the Bank of Canada tries to rein in red hot inflation, the central bank is engaging in another fight: one against misinformation.
Source: ctv business
Bank of Canada takes to Twitter to set record straight on ‘printing money’ claim

A restaurant in Markham, Ont. at the centre of a mass poisoning that sent several people to hospital over the weekend is set to reopen on Wednesday.
Source: ctv business
Markham, Ont. restaurant at centre of mass poisoning to reopen today

The union representing almost 1,500 Loomis Express workers says it has reached a tentative agreement with the company, avoiding a strike that was set to begin Wednesday.
Source: ctv business
Loomis Express workers reach tentative deal, strike averted

Chinese manufacturing contracted in August amid weak export and consumer demand, a survey showed Wednesday, adding to downward pressure on the struggling economy.
Source: ctv business
Chinese manufacturing weak, adding to economic pressure

Laurentian Bank of Canada reported net income of $55.9 million for its third quarter, down from $62.1 million in the same quarter last year, as its provision for bad loans rose compared with a year ago.
Source: ctv business
Laurentian Bank reports .9M Q3 profit, down from .1M a year earlier

Russia’s Gazprom halted the flow of natural gas through a major pipeline from Russia to Europe early Wednesday, a stoppage that it announced in advance and has said will last three days.
Source: ctv business
Russia halts gas through major pipeline, citing maintenance

Economists expect the Bank of Canada to move forward with another aggressive interest rate hike next week after the release of data showing the economy remained in relatively good shape during the second quarter of the year.
Source: ctv business
Canadian economic growth lags expectations in Q2; July estimate points to contraction