Direct Loan Canada Blog

Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a ‘sweeping and audacious’ tax fraud scheme that saw the Trump executive allegedly receive more than US$1.7 million in off-the-books compensation, including apartment rent, car payments and school tuition.
Source: ctv business
Trump Organization, CFO indicted on tax fraud charges

Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a ‘sweeping and audacious’ tax fraud scheme that saw the Trump executive allegedly receive more than US$1.7 million in off-the-books compensation, including apartment rent, car payments and school tuition.
Source: ctv business
Trump Organization, CFO indicted on tax fraud charges

Didi Global Inc., a Chinese ride-hailing service, jumped 16 per cent Wednesday shortly after making its U.S. stock market debut.
Source: ctv business
China’s Didi ride-hailing service jumps in Wall Street debut

Robinhood Financial will pay nearly US$70 million to settle a wide range of allegations, including that it gave customers misleading information and improperly allowed some users to make riskier trades after they lied about their trading experience.
Source: ctv business
Robinhood pays million to settle range of allegations

Experts are warning consumers to be wary of online ads that exploit household names to sell cannabidiol (CBD) products. In an online exclusive, CTVNews.ca spoke with some victims who have fallen prey to these schemes.
Source: ctv business
Beware of CBD gummy ads exploiting household names to defraud consumers, experts warn

Federal law enforcement agencies in the U.S. secretly seek the data of Microsoft customers thousands of times a year, according to congressional testimony being given Wednesday by a senior executive at the technology company.
Source: ctv business
Microsoft exec: Targeting of Americans’ records ‘routine’

Chinese ride-hailing service Didi says it lost US$5.5 billion over the past three years ahead of its U.S. stock market debut Wednesday but it’s highlighting its global reach and investments in developing electric and self-driving cars.
Source: ctv business
China’s Didi touts tech spending ahead of Wall Street debut

It’s legal for people in New Mexico to possess recreational marijuana and grow those plants at home as of Tuesday, the same day regulators opened discussions on rules for the launch of pot sales next year.
Source: ctv business
Recreational marijuana legal to possess, grow in New Mexico

Canadians have been saving more during the pandemic, with many enjoying some financial flexibility for the first time, writes Chief Financial Commentator Pattie Lovett-Reid in her latest blog on CTVNews.ca. But we don’t want to blow it now, especially with debt levels still stubbornly high.
Source: ctv business
Pattie Lovett-Reid: Don’t give in to the urge to splurge as COVID-19 lockdowns ease

The Canadian economy contracted in April as real gross domestic product posted its first decline since April 2020 during the first wave of the pandemic.
Source: ctv business
Statistics Canada says economy contracted 0.3 per cent in April