Direct Loan Canada Blog

The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond yields, which will further squeeze already tight household budgets.
Source: ctv business
Surging bond yields add to Canadian homeowners’ mortgage pain as renewals loom

The data breach last month that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than US$100 million, the Las Vegas-based company said.
Source: ctv business
Data breach at MGM Resorts expected to cost casino giant US0 million

Canada’s underground economy was estimated to be $68.5 billion in 2021, representing 2.7 per cent of the total GDP, according to a report from Statistics Canada.
Source: ctv business
Canada’s underground economy surged to .5 billion in 2021: StatCan

The Canadian economy added more jobs than expected last month, but with the gains driven by a seasonal spike in education employment and an increase in part-time work, economists say the job market is weaker than it looks.
Source: ctv business
Economy adds 64K jobs in September, unemployment rate holds steady at 5.5%

Taiwan authorities are investigating four Taiwan-based companies suspected of helping China’s Huawei Technologies to build semiconductor facilities.
Source: ctv business
Taiwan probes firms suspected of selling chip equipment to China’s Huawei despite U.S. sanctions

After more than a year of high food inflation, families gathering this weekend to gobble Thanksgiving dinner may be feeling the pinch after their grocery shopping.
Source: ctv business
‘Sticker shock’ as Canadians rethink traditional Thanksgiving meal: analyst

The Securities and Exchange Commission says it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X.
Source: ctv business
U.S. regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition

Officials in Ottawa and British Columbia have welcomed a ruling under the North American Free Trade Agreement that found elements of the United States’ calculation of softwood lumber duties are inconsistent with its own law.
Source: ctv business
B.C. and Ottawa applaud NAFTA decision on U.S. softwood lumber duties

The former chief executive of Rogers Communications Inc. has fired back at the company, alleging Rogers is carrying out ‘a campaign of dishonesty’ surrounding his ouster in November 2021 by fabricating claims in its defence to his lawsuit.
Source: ctv business
Former Rogers CEO responds to countersuit, alleges ‘campaign of dishonesty’

Younger Canadians don’t want to be their own bosses, intensifying the slowdown in entrepreneurship in Canada, according to a new RBC report.
Source: ctv business
Self-employment pulls back as younger Canadians shy away from entrepreneurship: RBC