Direct Loan Canada Blog

Changes to Canada’s immigration policy will allow some work permit holders to enroll in longer study programs without needing a study permit.
Source: ctv business
New policy change allows some work permit holders to study in Canada without a permit

An electrical fire in a transformer that serves the Tiffany & Co. store on New York’s Fifth Avenue spewed thick grey smoke from under the iconic building on Thursday and caused two minor injuries, officials said.
Source: ctv business
Electrical fire sends smoke billowing from under New York City’s iconic Tiffany store

The Canadian Chamber of Commerce says it is “deeply disturbed” the British Columbia port workers’ union has served strike notice and is prepared to walk out on Saturday.
Source: ctv business
Canadian Chamber of Commerce ‘deeply disturbed’ by B.C. port strike notice

Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain, official figures said Thursday.
Source: ctv business
Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in Spain

To President Donald Trump, America’s trade relationship with Mexico was intolerable. He seethed over the U.S. trade deficit and the shuttered factories in America’s heartland. “No longer,” he vowed six years ago, “are we going to allow other countries to break the rules, to steal our jobs and drain our wealth.”
Source: ctv business
North American trade pact on 3rd anniversary: Optimism is rising for U.S. and Mexican workers

A recent survey conducted by KPMG reveals that Canadians are experiencing increased productivity using generative AI, but there are concerns that some users may be entering sensitive information into AI prompts.
Source: ctv business
Number of Canadians using generative AI at work and school is growing, posing potential risks: survey

A potential merger between Canada’s two largest newspaper chains could mark the next step in the decimation of Canadian news, which has seen dwindling jobs and widening coverage gaps, say those who study the industry.
Source: ctv business
Postmedia’s merger talks with Toronto Star owner a ‘Hail Mary pass’: expert

The Congressional Budget Office is giving the world a concerning look at the U.S. government’s ledgers: ever higher deficits, greater government spending and tax revenues that only begin to increase when existing tax cuts expire.
Source: ctv business
U.S. public debt projected to reach 181 per cent of American economic activity in 30 years

Leading global central bankers asserted Wednesday that they are not backing off their steep interest rate increases, pointing to inflation being more persistent than expected but still downplaying fears of recession from their hikes.
Source: ctv business
Top central bankers assert need for higher interest rates to tackle persistent inflation

U.S. President Joe Biden made his pitch Wednesday to a skeptical public that the U.S. economy is thriving under what he now touts as ‘Bidenomics’ — even as a new poll showed that could be a hard sell as the foundation for his 2024 reelection campaign.
Source: ctv business
President talks up ‘Bidenomics’ though new poll shows just 34 per cent approve his handling of the economy