Direct Loan Canada Blog

A U.S. government fund created to compensate thousands of people scammed by the late Bernie Madoff in history’s biggest Ponzi scheme is making its final batch of payments — and it has now made up nearly all of their losses.
Source: ctv business
Bernie Madoff’s victims have now recovered 94% of their losses

Looking to expand into the U.S., Dani Kagan says she’s concerned that incoming president Donald Trump’s threat of a 25 per cent tariff on Canadian goods could stifle growth for local businesses.
Source: ctv business
‘There’s a lot of uncertainty’: Some Toronto businesses anxious about Trump’s tariff threat

It may surprise some people unfamiliar with the comic book industry, with its multibillion-dollar movie tie-ins, that it’s been on the verge of collapse multiple times over the decades. Now AI tools are adding new fears of a death knell.
Source: ctv business
The comic book industry has nearly died before. Some artists fear AI will kill it

U.S. stock indexes were drifting higher in early trading Tuesday as Wall Street closes out another milestone-shattering year of gains.
Source: ctv business
Stock market today: Wall Street indexes drift higher into the close of another record-breaking year

A real estate investment trust owned by Argentine soccer star Lionel Messi made its Spanish market debut at 57.4 euros per share, giving it a market capitalization of 223 million euros.
Source: ctv business
Messi’s real estate trust debuts in Spain with 223M euro market cap

A flight attendant aboard a Swiss aircraft that made an emergency landing in Austria due to smoke in the cabin has died, the airline said Tuesday.
Source: ctv business
A Swiss flight attendant dies a week after emergency landing due to smoke

An airport executive in Labrador hopes a new energy deal with Quebec could help attract a competing airline company to the northern region, where flights costs have climbed at more than three times the national rate.
Source: ctv business
Labradorians pay thousands to fly to Newfoundland. Could a Quebec energy deal help?

Canada’s main stock index was down more than 200 points in late-morning trading Monday, led by weakness in technology and base metals, while U.S. markets also fell, led by a 1.4 per cent loss on the Nasdaq.
Source: ctv business
S&P/TSX composite down more than 200 points, U.S. markets fall

CIBC says paying down debt is the top financial priority for Canadians heading into 2025.
Source: ctv business
Paying down debt top financial priority for Canadians in 2025: CIBC poll

Heading into 2025, economists and real estate agents believe activity is poised to remain strong amid much lower borrowing costs and more favourable rules for buyers, despite an overall challenging affordability picture.
Source: ctv business
Housing market poised for 2025 comeback as lower rates unleash pent-up demand