Direct Loan Canada Blog

A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey’s terror financing and money laundering.
Source: ctv business
Turkey adds cryptocurrency exchanges to terror funding rules

COVID-19 contributed to Canada Post losses last year as the Crown corporation lost $779 million before tax, a fivefold increase from 2019, even as it faces record parcel volumes.
Source: ctv business
Canada Post losses increase fivefold in 2020 due to COVID, despite increased parcels

Canada’s remote oil sands region in northern Alberta has become a COVID-19 hotspot, disrupting essential annual maintenance work at its massive oil sands plants.
Source: ctv business
Canada’s oil sands region becomes country’s COVID-19 hotspot

A judge in Maryland has ruled that an apartment company co-owned by Jared Kushner, former President Donald Trump’s son-in-law, repeatedly violated state consumer protection laws by collecting debts without required licenses, charging tenants improper fees and misrepresenting the condition of rental units.
Source: ctv business
Judge: Kushner’s apartment company violated consumer laws

Ongoing stay-at-home orders in Canada are continuing to dampen sales at Tim Hortons, with the impact on morning coffee routines the single biggest drag on the chain’s sales, the head of the restaurant’s parent company said Friday.
Source: ctv business
Tim Hortons sales slump as stay-at-home orders impact morning coffee runs

Disneyland, California’s world-famous theme park, reopened to excited visitors Friday after an unprecedented 13-month closure in what tourism officials hope is a sign of the state’s rebound from the pandemic.
Source: ctv business
Disneyland opening highlights California’s COVID-19 turnaround

The Canadian economy grew at an annual rate of 6.5 per cent through the first quarter of the year, Statistics Canada said Friday, bringing the country tantalizing close to reaching pre-pandemic output.
Source: ctv business
Early estimate from Statistics Canada shows economic growth slowed in Q1

European Union regulators accused Apple on Friday of violating the bloc’s antitrust laws, alleging the iPhone maker distorts competition for music streaming by imposing unfair rules for rival services in its App Store.
Source: ctv business
Apple App Store breaks anti-competition rules, EU says

Economists say the Canadian dollar is at a ‘sweet-spot’ after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn’t hurt businesses too much.
Source: ctv business
Rising loonie hits ‘sweet spot,’ likely to climb further: economists

A strike at one of Canada’s busiest ports could be coming to an end as the Senate prepares to deal with back-to-work legislation today that would force 1,150 dockworkers back on the job at the Port of Montreal.
Source: ctv business
Senate to vote today on Port of Montreal back-to-work legislation