Direct Loan Canada Blog

Economists are predicting Canadians might see another interest rate hike next week and say homeowners who are already financially vulnerable will have a tougher time making mortgage payments.
Source: ctv business
Experts are expecting another interest rate hike this month, here’s what that means for homeowners

Ontario’s minister of economic development says the province’s offer of up to $5 billion in tax credits to automaker Stellantis is ‘the price of being in a global business.’
Source: ctv business
Ontario offer of B in tax credits to Stellantis ‘the price of being in a global business,’ minister says

Striking port workers will rally near the Vancouver waterfront to mark their sixth day on the picket line as they seek a new contract with the BC Maritime Employers Association.
Source: ctv business
Workers to rally on day 6 of B.C. port strike, employer seeks binding arbitration

Workers who picketed 19 major Southern California hotels over the long holiday weekend were back on the job Wednesday. But their union warned that more walkouts could come at any time.
Source: ctv business
California hotel workers back on the job after strike. But union warns more walkouts are possible

Contract negotiations between UPS and the union representing 340,000 of the company’s workers broke down early Wednesday with each side blaming the other for walking away from talks.
Source: ctv business
Stalemate: UPS, Teamsters contract talks break down with each side blaming the other

People are vowing to boycott Ben & Jerry’s ice cream after the company marked Canada Day by tweeting about ‘our home on stolen land.’
Source: ctv business
People vow to boycott Ben & Jerry’s after ice cream company marks Canada Day by tweeting about ‘stolen land’

To undercut its fast-growing rivals, Subway is making a big change to its meats where roughly 20,000 U.S. locations will freshly slice their deli meat on-site.
Source: ctv business
A big change is coming to Subway restaurants today

Heritage Minister Pablo Rodriguez says the federal government will suspend all its advertising on Facebook and Instagram, after what he called the social media giant Meta’s ‘unreasonable’ and ‘irresponsible’ decision to pull Canadian news from its platforms in response to the Online News Act.
Source: ctv business
Ottawa to suspend advertising on Facebook, Instagram in ongoing disagreement over Online News Act

Talks between maritime employers and the union representing British Columbia port workers remain deadlocked over maintenance issues as a strike by the workers enters its fifth day.
Source: ctv business
B.C. port strike enters day five, with talks deadlocked over maintenance

The B.C. port workers strike could cost companies hundreds of millions of dollars per week, experts and business groups say, with smaller operators and consumers feeling the biggest pinch.
Source: ctv business
Strike could cost 0 million per week, experts say, with consumers taking a hit too