Direct Loan Canada Blog

Deloitte Canada says the Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring.
Source: ctv business
Rate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon

Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12 per cent more than in 2022, the biggest increase in more than a decade.
Source: ctv business
U.S. new vehicle sales rise 12 per cent as buyers shake off high prices, interest rates, and auto strikes

Suncor Energy Inc.’s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever.
Source: ctv business
Suncor shares rise after posting second-highest quarter for oil output

People working minimum wage jobs in Nova Scotia will see a 20-cent raise in their hourly pay this spring.
Source: ctv business
N.S. minimum wage going up 20 cents in April

Lisa Batstone, who was convicted of killing her eight-year-old daughter by smothering her with a plastic bag, has died in prison.
Source: ctv business
B.C. mother who murdered 8-year-old daughter dies in prison

Despite ethical, privacy and environmental concerns, Temu has carved out a visible presence online and sales have been surging.
Source: ctv business
‘It’s very addictive’: Temu hooks shoppers amid concerns about online discount marketplace in Canada

It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors.
Source: ctv business
‘Darkest before dawn’: Another tough year for office REITs but opportunities may lurk

The European Union imposed sanctions on the world’s biggest diamond mining company and its chief executive officer on Wednesday as part of what it called its “unwavering commitment” to Ukraine in the war against Russia.
Source: ctv business
EU targets world’s biggest diamond miner as part of Russia war sanctions

Flight attendants at Air Transat have voted to reject a tentative deal with the Canadian leisure carrier.
Source: ctv business
Air Transat flight attendants reject tentative contract deal

The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years.
Source: ctv business
U.S. national debt hits record trillion as Congress gears up for funding fight