Direct Loan Canada Blog

A Chinese real estate developer warned Friday it might fail to pay off a US$400 million bond due next week, adding to financial strains in an industry that is struggling to avoid defaults on billions of dollars of debt.
Source: ctv business
Chinese developer warns it might not pay US0 million bond

Wall Street is slumping on Friday following a mixed reading on U.S. jobs, one that investors said was tough to parse, in the market’s latest bout of dizzying trading.
Source: ctv business
Stocks slump after murky U.S. jobs report, as markets swing

The rebound in Canada’s main stock index was short-lived as it pushed lower Friday to end a third-consecutive losing week amid concerns about impending action by the U.S. Federal Reserve.
Source: ctv business
S&P/TSX composite falls to end a third-straight losing week on angst about Fed

BMO Financial Group wrapped the week of Big Six financial results by announcing the biggest dividend raise and share buyback plan of all the banks as it reported earnings that were boosted in part by efficiency gains.
Source: ctv business
BMO reports profit up, raises quarterly dividend 25 per cent after efficiency push

Kellogg’s has reached a tentative agreement with its 1,400 cereal plant workers that will deliver 3 per cent raises and end a nearly two-month-long strike if the deal is approved.
Source: ctv business
Striking Kellogg’s workers in U.S. to get 3 per cent raises in new contract

New polling suggests 72 per cent of working Canadians intend to stay at their current job over the next year, while younger employees are far more likely to seek a change.
Source: ctv business
Nanos poll: Majority of workers want to stick with current job; young more likely to take sick days

The New Brunswick government says it will increase the minimum wage by $2 per hour in 2022. The 17 per cent increase represents the most significant jump in the rate since 1980.
Source: ctv business
Minimum wage in New Brunswick to increase by largest percentage in 40 years

CIBC has been investing in growth opportunities like its corporate rebrand and buying the Costco credit card portfolio, and both the costs and payoffs are starting to show up on its balance sheet.
Source: ctv business
CIBC sees revenue and expenses rise as it focuses on growth, raises dividend

TD Bank Group beat expectations as it reported a fourth-quarter profit of $3.8 billion and raised its quarterly dividend by 13 per cent.
Source: ctv business
TD Bank Group reports .8B fourth-quarter profit, raises quarterly dividend

China’s aviation regulator cleared the Boeing 737 Max on Thursday to return to flying with technical upgrades more than two years after the plane was grounded worldwide following two fatal crashes.
Source: ctv business
China clears Boeing 737 Max to fly again