Direct Loan Canada Blog

Canopy Growth Corp. executives argued the company is advancing toward profitability, even as it booked a $1.72 billion non-cash writedown that contributed to a net loss of more than $2 billion during its most recent quarter.
Source: ctv business
Canopy Growth sees B net loss as Ontario cannabis company takes large writedown

Elon Musk accused Twitter of fraud in a countersuit over his aborted US$44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base.
Source: ctv business
Elon Musk countersuit accuses Twitter of fraud

U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing U.S. President Joe Biden some good news heading into the midterm elections.
Source: ctv business
‘What recession?’: U.S. employers add 528,000 jobs in July

Canada’s main stock exchange was down in late-morning trading as U.S. markets fell The S&P/TSX composite index was down 45.10 points at 19,531.94.
Source: ctv business
S&P/TSX composite down in late-morning trading, U.S. markets down

Canada’s economy appears to be backing away from the rapid jobs growth seen earlier this year, with July marking the second-straight month of job losses, even as the unemployment rate held steady.
Source: ctv business
Two months of job losses a sign of shifting economy, economist suggests

Visa and Mastercard on Thursday said they had suspended ties with the advertisement arm of MindGeek, owner of website Pornhub, after a lawsuit raised questions over whether the payment firms could be facilitating child pornography.
Source: ctv business
Mastercard, Visa suspend ties with ad arm of Pornhub owner MindGeek

A coalition of environmental groups is calling on Ottawa to reject any proposal to build export facilities for liquefied natural gas on Canada’s East Coast.
Source: ctv business
Environmental groups protest proposals to build LNG terminals on Canada’s East Coast

An Airbnb listing in Mississippi advertised as a “slave cabin” has been removed from the site following backlash on social media.
Source: ctv business
Airbnb removes Mississippi ‘slave cabin’ from listings

Health Canada has issued a recall for DeWalt’s 12-inch sliding compound miter saws due to a laceration hazard, which has already injured one person in Canada and eight in the U.S.
Source: ctv business
Health Canada recalls DeWalt saws over laceration hazard

Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.
Source: ctv business
Walmart is laying off corporate employees