Direct Loan Canada Blog

U.S. stocks are climbing Monday, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week.
Source: ctv business
Wall Street rallies ahead of a potentially turbulent week

Bank of Nova Scotia says outgoing Air Canada chief executive Calin Rovinescu has joined its board.
Source: ctv business
Air Canada’s Rovinescu joins Scotiabank board weeks after announcing retirement

The government of the Netherlands will halt its multibillion euro coronavirus bailout to national carrier KLM amid a standoff with a pilot’s union about terms of the rescue package, the Dutch finance minister said Saturday.
Source: ctv business
Dutch government halts KLM bailout amid standoff over terms

The European economy grew by an unexpectedly large 12.7 per cent in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the year.
Source: ctv business
Eurozone growth soars record 12.7 per cent but fears grow for winter

The Supreme Court of Canada says a class-action suit over personal investments can proceed against a Montreal-based financial services firm.
Source: ctv business
Class-action lawsuit in investment case can go ahead, Supreme Court rules

Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtails travel and cripples global economic activity.
Source: ctv business
Losses mount for oil majors as pandemic grips global economy

SNC-Lavalin Group Inc. reported a loss of $85.1 million in its latest quarter compared with profit of $2.76 billion a year ago when its results were boosted by the sale of a 10.01 per cent stake in Highway 407 ETR.
Source: ctv business
SNC-Lavalin Group reports .1-million Q3 loss, revenue down from a year ago

The global travel and tourism industry is on course to lose 174 million jobs this year if current restrictions to curb the spread of the coronavirus remain in place, a leading industry group warned Friday.
Source: ctv business
Global travel and tourism projected to shed 174 million jobs

The pace of economic growth in Canada slowed in August as real gross domestic product grew 1.2 per cent in the month, Statistics Canada said Friday.
Source: ctv business
Statistics Canada says economy grew 1.2 per cent in August as pace of growth slowed

CTV News’ Chief Financial Commentator Pattie Lovett-Reid explains the difference between co-signing and co-borrowing in her column for CTVNews.ca, and why you should pay attention to the ownership of debt.
Source: ctv business
Pattie Lovett-Reid: Read this before you co-sign or co-borrow