Direct Loan Canada Blog

Small business owners have made a plea to the federal finance minister to consider more help paying off their pandemic-related debts as the sixth wave of COVID-19 causes customers to stay home and sales to fall.
Source: ctv business
Pleas from small businesses for debt help pepper Freeland’s post-budget tour

Moody’s said Russia may be in default because it tried to service its dollar bonds in rubles, which would be one of the starkest consequences to date of Moscow’s exclusion from the Western financial system since President Vladimir Putin’s invasion of Ukraine.
Source: ctv business
Russia may be in default, Moody’s says

Asian shares fell in muted trading as most world markets were closed for Good Friday and other holidays.
Source: ctv business
Asian shares fall, trading muted with Good Friday, holidays

Peloton said on Thursday it is raising the monthly fee for its on-demand fitness content in the United States and Canada, while cutting the prices of its Bike, Bike+ and Tread machines in all markets as it looks to attract more customers.
Source: ctv business
Peloton to hike monthly fee for on-demand fitness content

Toronto-Dominion Bank’s chief executive says the corporate tax rate increase targeting financial institutions announced in last week’s federal budget “could lead to unintended consequences.”
Source: ctv business
TD CEO says the feds’ corporate tax hike could have ‘unintended consequences’

Canadian manufacturing sales rose 4.2 per cent to $67.7 billion in February as auto manufacturers ramped up production even as the industry faced protests blockading the Ambassador Bridge between Canada and the United States as well as an ongoing semiconductor shortage.
Source: ctv business
Statistics Canada says manufacturing sales up in February, wholesale sales down

Amazon.com Inc. chief executive officer Andy Jassy said the e-commerce giant is not close to adding cryptocurrency as a payment option to its retail business, in an interview with CNBC on Thursday.
Source: ctv business
Amazon CEO says not adding cryptocurrency as payment option anytime soon

The head of the International Monetary Fund warned Thursday that Russia’s war against Ukraine was weakening the economic prospects for most of the world’s countries and called high inflation ‘a clear and present danger’ to the global economy.
Source: ctv business
IMF chief: Ukraine war and inflation threaten global economy

Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company.
Source: ctv business
Elon Musk offers to buy Twitter for US billion

Ottawa plans to spend more than a half-billion dollars to fix supply chain issues, but experts say it falls far short of the kind of comprehensive strategy needed to address longstanding problems.
Source: ctv business
Ottawa pledges cash for supply chain problems, but plenty of gaps persist