Direct Loan Canada Blog

China’s first domestically made passenger jet flew its maiden commercial flight on Sunday, as China looks to compete with industry giants such as Boeing and Airbus in the global aircraft market.
Source: ctv business
China’s 1st domestically made passenger plane completes maiden commercial flight

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation’s debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.
Source: ctv business
Biden and McCarthy reach a final deal to avoid U.S. default and now must sell it to Congress

Mortgage delinquencies are expected to rise by more than one-third of current levels over the next year, according to some economists. If you anticipate being unable to make your payments and decide to sell your home, here’s what an expert says you should consider.
Source: ctv business
Can’t afford your mortgage? Here’s what you need to know before you sell your home

As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
Source: ctv business
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives

A new report is casting doubt on the idea that Canada is facing a widespread labour shortage and bolsters the arguments by some labour economists that high job vacancies aren’t due to a shortage of workers.
Source: ctv business
StatCan report casts clouds on claims of a widespread labour shortage in Canada

New York City Mayor Eric Adams signed legislation Friday that will ban discrimination based on body size by adding weight and height to the list of protected categories such as race, sex and religion.
Source: ctv business
New York City outlaws discrimination on the basis of weight, height

Twitter has dropped out of a voluntary European Union agreement to combat online disinformation, a top EU official said Friday.
Source: ctv business
EU official says Twitter abandons bloc’s voluntary pact against disinformation

Treasury Secretary Janet Yellen told Congress on Friday that the U.S. could default on its debt obligations by June 5 — four days later than previously estimated — if lawmakers do not act in time to raise the federal debt ceiling.
Source: ctv business
X marks the spot: Yellen tells Congress U.S. could run out of money to pay all its bills by June 5

A bipartisan group of U.S. lawmakers is urging the State Department to ask that Americans be exempted from Canada’s tax on foreign property owners.
Source: ctv business
Americans should be exempt from Canada’s foreign housing tax, members of Congress say

Air Canada has been ordered to pay more than $1,500 in damages and fees to two B.C. passengers whose travel plans were delayed more than seven hours due to staffing constraints amid the COVID-19 pandemic.
Source: ctv business
Air Canada ordered to pay B.C. pair ,500 for travel delay