Direct Loan Canada Blog

The ruble dropped against the United States dollar in trading Friday in Moscow to its lowest level since the first month of the war in Ukraine.
Source: ctv business
Russian ruble hits lowest value against USD since early in Ukraine war

Canada’s labour market is softening as the unemployment rate rises for a third consecutive month, offering some evidence the economy is finally slowing down.
Source: ctv business
Signs of economic softening grow as job creation lags population growth

Airbnb forecasts third-quarter revenue above market estimates on Thursday, but industry fears of softening U.S. domestic demand have sent the vacation rental firm’s shares down 4.2 per cent in after-hours trading.
Source: ctv business
Airbnb forecasts revenue above estimates on rebound in international travel

Canada’s housing shortfall could widen by another 500,000 units within just two years if immigration continues at its current pace, according to a recent report.
Source: ctv business
Canada’s housing shortfall could widen by another 500K units if immigration continues at current pace: report

A union vote among British Columbia port workers is underway to determine the fate of a deal with employers that could bring their long-running industrial dispute to an end.
Source: ctv business
B.C. port dispute: Workers hold union vote to determine fate of deal

Saudi Arabia said Thursday it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices, a move that could push U.S. gas prices higher.
Source: ctv business
Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at U.S. pumps

Personal finance contributor Christopher Liew on Canada’s current national debt and where the government spends money, so you can better understand how federal debt and spending have changed over recent years.
Source: ctv business
What’s Canada’s current federal debt and where’s the government spending money?

The Office of the Superintendent of Bankruptcy says both consumer and business insolvencies rose significantly in the second quarter amid heightened interest rates.
Source: ctv business
Consumer and business insolvencies rising under weight of higher interest rates

Maple Leaf Foods Inc. says it lost $53.7 million in its most recent quarter as it grappled with inflation and other market headwinds.
Source: ctv business
Maple Leaf Foods reports .7M net loss in Q2 as company faces inflationary pressure

Hyundai and Kia are telling the owners of nearly 92,000 vehicles in the U.S. to park them outside because an electronic controller in an oil pump can overheat and cause fires.
Source: ctv business
Hyundai and Kia recall nearly 92,000 vehicles in U.S., tell owners to park them outside due to fire risk