Direct Loan Canada Blog

Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine, the state statistical service said Friday.
Source: ctv business
Russian GDP drops 4% in Q2 — 1st full quarter of fighting

Ontario’s cannabis wholesaler says hundreds of pot shops will start receiving product deliveries over the next few days as it restarts systems turned off because of a cyberattack on one of its logistics partners.
Source: ctv business
Hundreds of pot shops to receive deliveries after cyberattack on partner: OCS

Capping an extraordinary week in Donald Trump’s post-presidency, a New York judge ordered Friday that his company and its longtime finance chief stand trial in the fall on tax fraud charges stemming from a long-running criminal investigation into Trump’s business practices.
Source: ctv business
Trump Organization, CFO’s tax fraud trial set for October

Telus Corp. wants to pass on credit card fees to customers and plans to add a 1.5 per cent “processing fee” starting this fall.
Source: ctv business
Telus wants to charge customers a fee for credit card payments

Statistics Canada says investment in residential construction declined for the first time in nine months in June, as gains in the non-residential sector helped push overall construction investment up 0.3 per cent to $20.8 billion.
Source: ctv business
Investment in residential construction falls for first time in nine months: StatCan

The United Kingdom’s economy shrank in the three months to June, figures released Friday showed — a smaller-than-expected contraction that nevertheless added to jitters about the rocky months ahead.
Source: ctv business
U.K. economy shrinks in 2nd quarter, sharpening recession fear

Amsterdam’s Schiphol Airport has launched a compensation program for travellers who missed their flights because of lengthy delays that have plagued the busy European hub for months.
Source: ctv business
Amsterdam’s Schiphol compensating air travellers hit by chaos

Rogers Communications Inc. and Shaw Communications Inc. have signed a definitive agreement with Quebecor Inc. that will see the Montreal-based telecom company acquire wireless carrier Freedom Mobile Inc.
Source: ctv business
Rogers, Shaw, Quebecor sign definitive agreement on planned sale of Freedom Mobile

Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits.
Source: ctv business
Three Chinese corporate giants leaving NY stock exchange

Stocks rose broadly in morning trading on Wall Street Friday and added to weekly gains for the major indexes.
Source: ctv business
Wall Street builds on gains, heads for 4-week winning streak