Direct Loan Canada Blog

Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century, according to a review of nearly 12 million files obtained from 14 firms located around the world.
Source: ctv business
Leaked records open a ‘Pandora’ box of financial secrets

A midsize Chinese real estate developer failed to make a US$205.7 million payment due to bondholders Tuesday, adding to the industry’s financial strain as one of China’s biggest developers tries to avoid defaulting on billions of dollars of debt.
Source: ctv business
Chinese developer misses payment, adding to industry strain

Gains in the energy sector helped Canada’s main stock index post a triple-digit advance in late-morning trading, while U.S. stock markets also surged higher.
Source: ctv business
S&P/TSX composite up more than 100 points as oil climbs, U.S. stock markets rise

Tesla Inc. must pay nearly US$137 million to a Black former worker who said he suffered racial abuse at the electric carmaker’s San Francisco Bay Area factory.
Source: ctv business
Black ex-Tesla worker who claimed racial abuse awarded US7M

In light of a bombshell report that exposed the tax havens used by the world’s elite, new focus has emerged on how easy it is to create a trust or shell company that can shield the owner from taxes.
Source: ctv business
‘Incredibly easy’: Pandora papers reveal simplicity in taking advantage of tax havens

Experts say the price of crude oil could hit US$100 per barrel this winter.
Source: ctv business
Oil prices hit seven-year highs; US0 oil possible this winter, experts say

The latest report on trends in Vancouver’s fast-paced real estate market suggests supply is still not enough to meet demand.
Source: ctv business
Supply ‘insufficient’ to meet current Vancouver market demand: real estate board

A new poll suggests nearly 70 per cent of Canadian organizations facing a ransomware attack last year paid the demands to avoid downtime, reputational damage and other costs.
Source: ctv business
Seven in 10 Canadian organizations facing ransomware attack paid demands: survey

Malaysia’s main opposition leader called Monday for information found in the Pandora Papers data leak to be discussed in Parliament, after learning the country’s former finance minister and several current officials might have been involved with offshore firms set up in tax havens.
Source: ctv business
Pandora Papers leak prompts calls for action in Asia

Buy-now-pay-later plans, payday loans and even credit cards are designed for companies to make money at your expense, CTV’s chief financial commentator Pattie Lovett-Reid writes in her latest column on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: Buy now, pay later? Don’t do it!