Direct Loan Canada Blog

‘It may not be the year of the strike, but it may be the year of the fear of the strike.’ A tight labour market and breakneck inflation have empowered many workers to make new inroads.
Source: ctv business
Workers raise the bar: 2023 was a year of wage gains marked by high-profile strikes

The Bank of Canada once again held its key interest rate steady at five per cent Wednesday, encouraged by evidence that higher rates are helping bring inflation down.
Source: ctv business
Bank of Canada holds its key interest rate steady at 5% in final decision of 2023

China is ramping up a crackdown on online scams operated by criminal syndicates in border areas of military-ruled Myanmar in an effort that has included a shootout, confession videos and national TV broadcasts of arrests of high-profile suspects.
Source: ctv business
China raises stakes in cyberscam crackdown in Myanmar, though loopholes remain

The Biden administration on Tuesday said it will give more than US$6 billion to a pair of high-speed electric rail routes in the U.S. West, injecting new life into long-stalled projects hailed by supporters as the future of public transportation but bemoaned by critics for their high price tags and lengthy construction times.
Source: ctv business
Biden administration pledges US billion to a pair of high-speed electric rail routes in the U.S. West

The family of a 46-year-old Florida man has filed a wrongful death and negligence lawsuit against one of the biggest fast-casual restaurant chains in the U.S., claiming Panera Bread Company’s caffeine-filled lemonade drink led to his death.
Source: ctv business
Family sues Panera, saying its caffeinated lemonade led to Florida man’s cardiac arrest

Santa is hearing Christmas wishes from children at malls adorned in holiday regalia, stores are teeming with eggnog and gingerbread treats and a barrage of marketing campaigns are promising the perfect gift is just one credit card swipe away.
Source: ctv business
Weak economy looms over holiday shopping season as consumers seek value: retailers

Millions of profiles were accessed by a threat in the 23andMe data breach. Here’s what that includes.
Source: ctv business
6.9 million customers impacted by 23andMe hack: company

Canada’s financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.
Source: ctv business
Financial intel agency hands down .4M penalty to Royal Bank of Canada

Norway’s minority centre-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area.
Source: ctv business
Lawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean

The federal Liberals are voicing their support for the public broadcaster after it announced layoffs on Monday, but Finance Minister Chrystia Freeland won’t weigh in on whether Ottawa will exempt it from across-the-board budget cuts.
Source: ctv business
Liberals voice support for CBC after announcing layoffs, Tait won’t rule out bonuses