Direct Loan Canada Blog

Statistics Canada says the number of job vacancies climbed 3.2 per cent in June to reach a new high as employers were looking to fill more than one million positions for a third consecutive month.
Source: ctv business
Statistics Canada says job vacancies reached another new high in June

CIBC says it earned $1.67 billion in its third quarter, down from $1.73 billion in the same quarter last year.
Source: ctv business
CIBC sees profit dip as it set aside more money for potentially bad loans

TD Bank Group reported a drop in third quarter profits Thursday as it took a large adjustment related to its pending acquisition of U.S.-based First Horizon Bank and set aside money for potential loan losses ahead on a worsening economic outlook.
Source: ctv business
TD Bank prepares for economic downturn as profit falls in third quarter

Strength in the heavyweight energy, financial and base metal sectors helped Canada’s main stock index rise nearly 100 points in late-morning trading, while U.S. stock markets were mixed.
Source: ctv business
S&P/TSX composite up nearly 100 points, U.S. stock markets mixed

Sephora Inc., one of the world’s largest cosmetics retailers, has settled a lawsuit claiming that the company sold customer information without proper notice in violation of the California’s landmark consumer privacy law, state Attorney General Rob Bonta said Wednesday.
Source: ctv business
Cosmetics giant Sephora settles customer data privacy suit

It is feasible to start exporting small shipments of Canadian-made hydrogen to Europe within three years but only if everyone moves quickly, the chairman of a company behind one of the biggest proposed green hydrogen projects in Atlantic Canada said Wednesday.
Source: ctv business
Canada has short window to get ahead of U.S. hydrogen efforts, backer warns

Turbulent financial markets weighed on Scotiabank’s third-quarter results but the bank saw profits rise on higher interest income driven by continued loan growth.
Source: ctv business
Scotiabank reports income gains in Q3 as lending grows while capital markets weigh

Rio Tinto has raised its offer for the 49 per cent stake in Turquoise Hill Resources Ltd. that it does not already own.
Source: ctv business
Rio Tinto raises offer for shares in Turquoise Hill it does not already own

National Bank of Canada reported its third-quarter profit fell compared with a year ago as it was hit by higher provisions for credit losses due to a less favourable economic outlook.
Source: ctv business
National Bank reports third-quarter profit down from year ago

Royal Bank of Canada reported a drop in third-quarter profit compared with a year ago as it saw a sharp pullback in capital markets activity and took provisions for potential loan defaults due to a deterioration in its economic outlook.
Source: ctv business
RBC reports Q3 profit down from year ago on shifting economic outlook