Direct Loan Canada Blog

Canadian shippers are starting to feel the strain of recent attacks on cargo vessels in the Red Sea, as container rates rise and boats roll in late on the East Coast.
Source: ctv business
Tremors from Red Sea conflict start to shake Canada, with dozens of ships delayed

A Bank of Canada survey finds Canadians are increasingly cutting back on spending while mortgage holders remain confident they can keep up with higher payments when their loans renew.
Source: ctv business
As Canadians cut back, mortgage holders say they can make higher payments: BoC survey

Canadian firms expect sales to slow as interest rates crimp consumer spending and they see inflation easing despite increased concerns over wages, the central bank said on Monday in a fourth quarter survey.
Source: ctv business
Canadian firms see rates hitting sales, inflation easing: central bank survey

Capital Power Corp. and Ontario Power Generation have signed a deal to assess the development of small modular nuclear reactors in Alberta.
Source: ctv business
Capital Power and OPG to assess use of small modular nuclear reactors in Alberta

With interest rate cuts likely on the horizon, the Canadian Real Estate Association expects the number of homes changing hands this year to grow following a slowdown in 2023.
Source: ctv business
Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution

Almost 40% of jobs around the world could be affected by the rise of artificial intelligence, a trend that is likely to deepen inequality, according to the International Monetary Fund.
Source: ctv business
‘Jobs may disappear’: Nearly 40% of global employment could be disrupted by AI, IMF says

Loblaw Companies Ltd. stores across Canada will no longer offer last-day sale items at a 50 per cent discount.
Source: ctv business
Loblaw ending 50 per cent discounts on last-day sale items

The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos.
Source: ctv business
The world could get its first trillionaire within 10 years, anti-poverty group Oxfam says

A month after Toronto hit the brakes on a controversial rideshare licence cap, Uber Canada is looking to “bust some myths” about the platform and its services before the issue returns to council in March.
Source: ctv business
Uber Canada looks to ‘correct the record’ as Toronto mulls reinstating rideshare licence cap

It’s easier than ever to find halal meat, snacks and desserts in grocery stores as the industry expands in response to Canada’s growing Muslim population, and experts doesn’t expect that growth to slow anytime soon.
Source: ctv business
Halal food industry growing to meet demand as Muslim population continues rising