Direct Loan Canada Blog

As U.S. officials take further steps to recall at least 25 million vehicles over airbag inflators that can explode and shoot shrapnel into drivers, their Canadian counterparts lack the authority to demand a similarly sweeping recall.
Source: ctv business
Limited action in Canada as U.S. fights company to recall 52 million airbag inflators

One of Canada’s major airlines warned customers to expect delays due to two system outages reported on the same day, one with a booking program used by several airlines, and another with the Canada Border Services Agency.
Source: ctv business
WestJet warns of delays impacting ‘multiple airlines,’ caused by outage concurrent with CBSA issue

After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns that a recession is a real possibility.
Source: ctv business
Canada on ‘the razor’s edge’ of a recession, warns economist

The head of the United Auto Workers warned Wednesday that the union plans to go on strike against any Detroit automaker that hasn’t reached a new agreement by the time contracts expire next week.
Source: ctv business
Union to strike any Detroit automaker that hasn’t reached deal as contracts end next week: UAW chief

When deciding how much money to save for retirement, it’s important to consider your expenses and the lifestyle you’re hoping to maintain after you retire. Personal finance columnist Christopher Liew shares some factors to keep in mind and questions to ask yourself when trying to determine how much money you need to retire.
Source: ctv business
How much money do you need to retire in Canada? Here’s what to consider

Cars are getting an ‘F’ in data privacy. Most major manufacturers admit they may be selling your personal information, a new study finds, with half also saying they would share it with the government or law enforcement without a court order.
Source: ctv business
Carmakers are failing the privacy test. Owners have little to no control of the data they hand over

Inflation is driving more post-secondary students to stay home with their parents as they complete post-secondary school than a decade ago, a poll by RBC shows.
Source: ctv business
More post-secondary students rely on parents, stay home to finish school: RBC poll

The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter.
Source: ctv business
Citing the easing of ‘excess demand,’ Bank of Canada reveals its latest decision on the key interest rate

Pilots with WestJet Encore are gearing up to bargain their second collective agreement.
Source: ctv business
WestJet Encore pilots file notice to begin contract negotiations with management

One of the few unionized Starbucks stores in British Columbia is closing at the end of September.
Source: ctv business
Unionized Vancouver Starbucks store to close as lease expires