Direct Loan Canada Blog

Germany’s Cabinet on Wednesday approved a plan to liberalize rules on cannabis.
Source: ctv business
Germany’s Cabinet approves a plan to liberalize rules on cannabis possession and sale

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year.
Source: ctv business
CMHC says annual pace of housing starts fell 10% in July

Indonesia’s president on Wednesday urged a continuation of his educational reforms to turn Southeast Asia’s largest economy into one of the world’s biggest by its hundredth anniversary in 2045.
Source: ctv business
Indonesia’s leader says it can join leading economies by 2045 if it continues educational reforms

Intel will terminate a US$5.4 billion deal to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid rising tensions with the United States.
Source: ctv business
Intel calls off US.4b Tower deal after failing to obtain regulatory approvals

WeWork warned there was substantial doubt about the New York-based company’s ability to continue as a going concern.
Source: ctv business
WeWork warned of ‘substantial doubt’ about its ability to stay in business. Here’s what that means

Americans increased their purchases at retailers last month — for clothing, dining out, online goods and other areas — in a sign that solid consumer spending is still powering a resilient U.S. economy.
Source: ctv business
Retail sales rose solidly last month in a sign that consumers are still spending freely

The presidents of a wide-ranging group of 13 universities are elevating free speech on their campuses this academic year, as part of a new nonprofit initiative announced Tuesday to combat what organizers call dire threats to U.S. democracy.
Source: ctv business
U.S. universities launch partnership to elevate free speech to counter threats to democracy

For those who have recently immigrated to Canada, it’s important to learn the basics of how the country’s financial system works. Personal finance contributor Christopher Liew shares some financial tips around how to open a bank account, build your credit and file your taxes as a newcomer.
Source: ctv business
Financial tips for newcomers to Canada, from an expert

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.
Source: ctv business
July home sales see largest annual rise in 2 years: CREA

Child welfare advocates are suing the Biden administration for failing to block imports of cocoa picked by children in West Africa bound for America’s most popular chocolate bars.
Source: ctv business
Advocates sue U.S. government for failing to ban imports of cocoa harvested by children