Direct Loan Canada Blog

A fire erupted in a coal mining company building in a northern Chinese city on Thursday, killing 26 people and injuring at least 38, Chinese state media reported. Rescue personnel evacuated dozens of people from the building, according to state media.
Source: ctv business
Fire at a coal mining company building in northern China kills 26 and injures dozens

New York state sued PepsiCo on Wednesday in an effort to hold the soda-and-snack food giant partly responsible for litter that winds up in bodies of water supplying the city of Buffalo with drinking water.
Source: ctv business
New York sues PepsiCo in effort to hold it responsible for litter that winds up in rivers

Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his fraud conviction is nothing like the fraud that landed Theranos founder Elizabeth Holmes in prison.
Source: ctv business
Lawyers insist Nikola founder shouldn’t face prison time for fraud – unlike Elizabeth Holmes

More competition is needed in Canada’s grocery sector as consumers grapple with higher food prices, said Finance Minister Chrystia Freeland, after two of the country’s largest grocers reported higher sales and profits in the most recent quarter.
Source: ctv business
Freeland touts need for grocery competition after Loblaw, Metro post higher profits

Amid a drop in inflation, there’s speculation from some financial analysts that the Bank of Canada may start to lower the country’s benchmark interest rate, however one economist is warning that even with the possibility of cuts, homeowners should expect ‘big increases’ to mortgage rates.
Source: ctv business
Why Canadians should expect ‘big increases’ to mortgage rates

The European Union’s executive said Wednesday it proposed to the member states a new package of sanctions targeting the Kremlin and its associates, seeking to tighten previous measures approved since the February 2022 invasion of Ukraine as well as adding dozens of economic operators.
Source: ctv business
EU moves closer to imposing a new set of sanctions on Russia for its war on Ukraine

Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday.
Source: ctv business
Vote on tentative contract with General Motors too close to call as more tallies are reported

The Canadian Real Estate Association says the number of homes sold last month was up 0.9 per cent compared with October 2022 as the national average home price rose to $656,625 – up 1.8 per cent from a year ago.
Source: ctv business
Average home price in Canada rises to 6,625 as monthly sales slow: CREA

Canada’s housing market is still in a slump, with fewer properties being listed and fewer sales being made, according to new monthly data from the Canadian Real Estate Association (CREA).
Source: ctv business
Canada’s housing market still in a slump: CREA

A new report says bridging the infrastructure gaps experienced by Indigenous Peoples would boost the population’s GDP by up to 17 per cent.
Source: ctv business
Closing infrastructure gaps may boost Indigenous GDP by up to 17 per cent: RBC