Direct Loan Canada Blog

Canada’s gross domestic product expanded at a faster-than-expected 0.2 per cent rate in July, driven by growth in retail trade and public sectors, but the economy likely stalled in August, Statistics Canada data showed on Friday.
Source: ctv business
Canada economy tops July growth forecast, but seen stalling in August

A settlement was reached Thursday in a defamation lawsuit brought by electronic voting machine manufacturer Smartmatic against conservative news outlet Newsmax for airing accusations about vote manipulation in the 2020 election made by allies of former U.S. president Donald Trump.
Source: ctv business
Voting technology firm, conservative outlet reach settlement in 2020 election defamation case

Billionaire Elon Musk’s social media site X has complied with Brazilian Supreme Court Justice Alexandre de Moraes’ orders and requested its service be reestablished in the country, a source said Thursday.
Source: ctv business
X requests it be reinstated in Brazil after complying with judge’s orders, source says

Switching to an online-only bank more than a decade ago was just another way Jessica Morgan was trying to save money at the time as a new grad.
Source: ctv business
Tempted to switch to an online-only bank? Know the perks and drawbacks

Open AI Chief Executive Officer Sam Altman (C) speaks at the Advancing Sustainable Development through Safe, Secure, and Trustworthy AI event on Sept. 23, 2024, in New York. (Bryan R. Smith/Pool Photo via AP)
Source: ctv business
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company

New changes to Canada’s temporary foreign worker program are now in effect. Here’s what to know.
Source: ctv business
Canada’s new limits on temporary foreign workers are now in effect. Here’s what changed

A coalition of disability rights groups says it is launching a Charter challenge against a part of Canada’s law on medical assistance in dying.
Source: ctv business
Disability rights groups launching Charter challenge against MAID law

National Bank of Canada says it has cleared a key regulatory hurdle in its proposed acquisition of Canadian Western Bank.
Source: ctv business
National Bank receives Competition Bureau clearance for deal to buy CWB

Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025.
Source: ctv business
Economy to grow moderately, rates to fall below three per cent next year: Deloitte

American Eagle Outfitters sued Amazon.com on Wednesday, accusing it of intentionally infringing the clothing and accessories retailer’s ‘Aerie’ and ‘Offline by Aerie’ trademarks by directing customers to knock-off merchandise.
Source: ctv business
American Eagle Outfitters sues Amazon for infringing ‘Aerie’ trademarks