Direct Loan Canada Blog

As receipts tick ever higher for Canadians at the grocery store and shoppers continue to search for savings, one Canadian grocer has ended a perceived deal.
Source: ctv business
No Frills grocery stores drop ‘multi-buy’ offer

Hudson’s Bay Co. has reached a deal to buy luxury department store chain Neiman Marcus, according to media reports.
Source: ctv business
Hudson’s Bay Co. to purchase U.S. department store Neiman Marcus: reports

Several North American department stores are joining forces under a deal that will see Hudson’s Bay Co. buy Neiman Marcus and spin it out into a larger business along with some of its other prestige retailers.
Source: ctv business
‘Marriage of convenience’: Hudson’s Bay Co. buying Neiman Marcus for US.65B

As some Canadian companies explore offering staff a four-day work week, experts are watching Greece’s move closely and suggest it could work here.
Source: ctv business
Is Greece’s six-day work week an option in Canada? An expert weighs in

Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report.
Source: ctv business
More rental housing development needed despite recent rise: RBC economist

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.
Source: ctv business
U.S. Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Canada recorded a bigger-than-expected trade deficit of $1.93 billion in May, the third consecutive monthly shortfall, as exports declined faster than imports, data showed on Wednesday.
Source: ctv business
Canada posts third straight monthly trade deficit in May

Quest Diagnostics said on Wednesday it would acquire Canada-based LifeLabs from pension plan owner OMERS for about $1.35 billion, including net debt.
Source: ctv business
Quest Diagnostics expands into Canada with nearly .35B LifeLabs deal

Financial advisors can be an excellent resource for busy consumers, but recent allegations against employees of major Canadian banks have raised questions about the integrity of financial advice. Personal finance contributor Christopher Liew addresses some of these concerns and highlights the distinction between unethical practices and the genuine value that good advisors can offer.
Source: ctv business
Are financial advisors just glorified salespeople?

Health Canada is recalling thousands of popular heat pumps across the country due to a potential risk of ‘excessive heat exposure.’
Source: ctv business
Thousands of heat pumps recalled over risk of ‘excessive heat exposure’