Direct Loan Canada Blog

ATB Financial’s latest economic forecast for Alberta describes the province’s fiscal situation as “a marathon, not a sprint.”
Source: ctv business
Alberta GDP expected to grow 3.3 per cent in 2021, but more time needed to recover: ATB

A French appeals court on Thursday upheld an order for Google to pay media companies to show their news content in search results.
Source: ctv business
French court upholds order for Google to pay news companies

The possible closure of Newfoundland’s only oil refinery is raising fears about a propane shortage that threatens thousands of residential, commercial and industrial users, including most restaurants in the province.
Source: ctv business
Uncertainty over future of refinery raises spectre of propane shortages in N.L.

Stocks are mostly rising on Wall Street Thursday as hope remains that Washington can approve more aid for the economy and after a report suggested the pace of layoffs is slowing a bit, though it remains incredibly high.
Source: ctv business
Stocks climb again on Wall Street with hopes for stimulus

New data suggests some northern Ontario cities offer the most affordable real estate in the province, with Sudbury and North Bay noticing increasing demand for homes as people move from the south to the north.
Source: ctv business
Ability to work from home encouraging southern Ontarians to move north, heating up real estate market

Facebook has reversed its decision to prevent a seed company in Newfoundland from using a photo of a pile of onions, which the social media giant had deemed “overtly sexual.”
Source: ctv business
Sexualized onions: Facebook lifts ban on Newfoundland advertisement for seeds

Malcolm Coven, the tenacious co-founder of Canadian bargain store BiWay, has died. He was 91.
Source: ctv business
BiWay co-founder’s death puts planned resurgence of discount retail chain in doubt

The wealth of the world’s billionaires reached record heights this year despite the global coronavirus crisis, led by tech, health and industry ‘innovators and disruptors’ like Elon Musk, said a report published Wednesday.
Source: ctv business
Billionaires’ riches reach record highs during pandemic

Up to 150 million people could slip into extreme poverty, living on less than $1.90 a day, by late next year depending on how badly economies shrink during the COVID-19 pandemic, World Bank said Wednesday in an outlook grimmer than before.
Source: ctv business
Up to 150 million could join extreme poor, World Bank says

U.S. President Donald Trump’s relentless cheerleading for the stock market, taking full credit for its gains, has been a hallmark of his presidency, through more than 150 tweets and exuberant rhetoric at his rallies. Yet behind the bluster is a simple fact of which most voters are unaware: he barely has any of his own money in the stock market.
Source: ctv business
Wall Street cheerleader Trump has little invested himself