Direct Loan Canada Blog

As the aviation world looks to battery-powered planes to help sustainability, the rail sector has been quietly working on a faster alternative. Enter Europe’s first battery-powered trains.
Source: ctv business
The first battery-powered trains have arrived in Europe

Indigo Books and Music Inc. reported a loss of $49.6 million its latest financial year which saw a cyberattack take down its website and payment systems and compromise the personal information of some current and former employees.
Source: ctv business
Indigo reports .6M full-year loss compared with .3M profit a year earlier

Workers in the fields of computer science, real estate, finance and insurance experienced the greatest bumps in working from home during the first years of the pandemic, while it barely budged for labourers in occupations like stockers, truck operators and order fillers, according to U.S. Census Bureau figures released Tuesday.
Source: ctv business
Share of U.S. employees working on-site drops in pandemic’s first year

The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year.
Source: ctv business
Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?

Tesla CEO Elon Musk is seemingly preparing for a cage fight against Meta CEO Mark Zuckerberg after he accepted a training offer from Canadian MMA icon Georges St-Pierre.
Source: ctv business
Musk accepts training offer from Canadian MMA icon GSP for cage fight against Zuckerberg

Amid Canada’s fluctuating housing market conditions, interest rate hikes and a possible recession, the majority of young Canadians say homeownership is out of reach for them, according to a survey from the Bank of Montreal.
Source: ctv business
More than two thirds of young Canadians say homeownership is out of reach compared to their parents: BMO

Georgia Gov. Brian Kemp is escalating his attack on President Joe Biden’s electric vehicle policy, speaking Tuesday at the groundbreaking for a company that received more than $100 million to refine graphite for electric batteries from the infrastructure law Biden signed.
Source: ctv business
Georgia governor attacks Biden’s electric vehicle policy at federally-backed battery plant

Wall Street is gaining ground Tuesday after a round of reports suggested the economy is in better shape than feared.
Source: ctv business
Stock market today: Wall Street rises as economy holds up better than feared

A slight overall reduction in the rate of inflation did not impact grocery prices in Canada, a new report from Statistics Canada shows. Here’s which foods are still costing Canadians the most.
Source: ctv business
Canada inflation: Here’s what will cost you more at the grocery store

Canada’s inflation rate tumbled in May as price shocks caused by the Russian invasion of Ukraine have been mostly absorbed, but economists are still expecting the Bank of Canada to move ahead with another rate hike next month.
Source: ctv business
Canada’s inflation rate tumbles to 3.4 per cent, but forecasters still expect July rate hike