Direct Loan Canada Blog

Canada’s real estate market continued to heat up in May with home sales posting their first year-over-year increase since June 2021 and the average price seeing its first year-over-year gain in a year.
Source: ctv business
May home sales, prices rise year-over-year as real estate market heats up

A Senate committee says the current cannabis market and legislation has kept Indigenous Peoples from sharing in the economic opportunities that the legalization of recreational pot created.
Source: ctv business
Indigenous kept from economic opportunities from pot legalization: Senate committee

The backing of a land-based salmon farm in Japan by a global company with ties to ocean fish farms in British Columbia has Indigenous and conservation groups calling on the federal government to accelerate its transition away from open-net farms.
Source: ctv business
Global salmon farm company with B.C. ties backs land-based aquaculture in Japan

The European Central Bank pressed ahead with another interest rate hike Thursday, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations even after the U.S. Federal Reserve took a break from its own string of increases.
Source: ctv business
European Central Bank hikes rates again to battle inflation after U.S. Fed hits pause

President Joe Biden is hosting executives from Live Nation, Airbnb and other companies at the White House on Thursday to highlight his administration’s push to end so-called junk fees that surprise consumers.
Source: ctv business
Biden hosts Live Nation, SeatGeek and Airbnb execs to showcase push to end hidden ‘junk fees’

Global shares were trading mixed Thursday after the U.S. Federal Reserve held interest rates steady.
Source: ctv business
Stock market today: Global shares mixed after Fed holds rates steady but hints of hikes ahead

Money remains the biggest source of stress among Canadians for the sixth year in a row, according to a new survey.
Source: ctv business
Money is the top source of stress among Canadians: survey

Flair Airlines said on Wednesday it is leasing two more Boeing 737 MAX jets to meet rising travel demand, after the Canadian budget carrier lost access to four planes earlier this year in a dispute with a separate lessor.
Source: ctv business
Canadian budget carrier reaches leasing deal for two 737 MAX jets after lessor spat

The Canadian government should introduce a windfall tax on large grocery chains if the Competition Bureau finds evidence that they’re generating excess profits on food items, the parliamentary agriculture committee says.
Source: ctv business
House committee recommends windfall tax for grocers if Competition Bureau finds evidence of profiteering

Canadians have less cash to spend even as they are taking on more debt, Statistics Canada reported Wednesday, at a time when interest rates are the highest they’ve been in decades.
Source: ctv business
Household debt level rises as interest rates bite into cash flow