Direct Loan Canada Blog

With a deadline looming just before midnight Thursday, the United Auto Workers union and Detroit’s three automakers remain far apart in contract talks, and the union is preparing to strike.
Source: ctv business
Detroit automakers and auto workers remain far from a deal as end-of-day strike deadline approaches

The storied and fragile lagoon city is not alone in its struggle to manage an onslaught of tourists in the low-cost flight era. But the stakes are particularly high this week as the UNESCO World Heritage Committee decides whether to add Venice to its list of endangered world sites. A decision could come as early as Thursday.
Source: ctv business
Venice faces possible UNESCO downgrade as it struggles to manage mass tourism

Equifax Canada says credit card balances hit an all-time high of $107.4 billion in the second quarter of 2023, in a sign financial stress continued to build in the face of inflation and rising interest rates.
Source: ctv business
Credit card debt hit all-time high in Q2 as financial pressure builds: Equifax

Canada still needs another 3.5 million housing units by 2030 on top of what it would build by that point, a new report says. But an economist for the Canada Mortgage and Housing Corp., which authored the report, says this goal may not even be attainable.
Source: ctv business
‘We need to get a lot of stuff built’: CMHC finds Canada still short 3.5M housing units for 2030

The U.S. Justice Department pressed ahead with its antitrust case against Google Wednesday, questioning a former employee of the search engine giant about deals he helped negotiate with phone companies in the 2000s.
Source: ctv business
U.S. Justice Department pushes ahead with antitrust case against Google, questions ex-employee on deals

German shoemaker Birkenstock has filed for an initial public offering in New York, becoming the latest European company to choose the United States as the place to raise money on the stock market.
Source: ctv business
Birkenstock heads for Wall Street in another blow to Europe

New research on the four-day work week shows employees are reporting a greater work-life balance as well as higher productivity. But transitioning from five working days to four could come with some drawbacks. Personal finance columnist Christopher Liew looks at the pros and cons of a four-day work week so employees know what to expect.
Source: ctv business
Here are the pros and cons of a 4-day work week

Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell.
Source: ctv business
Statistics Canada says household debt ratio down in Q1 as income grew

A spike in gas prices pushed up inflation in August, yet most other costs rose at a more modest pace, evidence that price increases overall are still cooling.
Source: ctv business
Sharply higher gas prices pushed U.S. inflation up in August

Lyft is introducing a new feature that lets women and non-binary riders choose a preference to match with drivers of the same gender.
Source: ctv business
Lyft’s new feature lets women and non-binary riders request their driver’s gender