Direct Loan Canada Blog

Chinese leaders face pressure to shore up a slowing economic recovery and generate jobs after consumer spending and other activity in April were weaker than expected and a survey found 1 in 5 young workers in cities was unemployed.
Source: ctv business
China recovery faces pressure after April activity weak, youth unemployment rises

Executives from two of three banks that recently failed appeared in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities.
Source: ctv business
Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing

The annual pace of inflation rose in April for the first time since it peaked in June last year, a move some economists say will test the Bank of Canada’s decision to pause hiking interest rates if the economy does not cool as expected later this year.
Source: ctv business
Annual inflation rate edged up in April, raises chances of higher interest rates

Stocks are ticking lower Tuesday after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure.
Source: ctv business
Stock market today: Wall Street dips as energy stocks, Home Depot weigh

Risk management experts believe the likelihood of a shock that could impair the Canadian financial system has decreased since last year, but concern remains around geopolitical tensions, high inflation, unemployment and household debt burdens.
Source: ctv business
Risk of shock to financial system down, but concerns linger: Bank of Canada survey

South Korean President Yoon Suk Yeol met with Japanese business leaders on Monday and called for expanded technology cooperation between the countries, which he described as a key element in broader efforts to improve relations.
Source: ctv business
South Korean president urges expanded technology cooperation with Japan

Business leaders from across North America are gathered in the U.S. capital to talk about maximizing the continent’s competitive advantages.
Source: ctv business
Renew North American trade deal to defend democratic values: U.S. chamber CEO

The European Union on Monday approved Microsoft’s US$69 billion purchase of video game maker Activision Blizzard, deciding the deal won’t stifle competition for popular console titles like Call of Duty and accepting the U.S. tech company’s remedies to boost competition in cloud gaming.
Source: ctv business
Microsoft’s bid to buy Activision Blizzard clears a key hurdle. But the USB deal is still at risk

Stellantis has confirmed that construction has stopped at the Windsor EV battery plant site.
Source: ctv business
Construction stops at Windsor EV battery plant site, Stellantis says feds have ‘not delivered’

National home sales jumped by 11.3 per cent between March and April as the real estate market picked up again, but supply remained at a 20 year-low, the Canadian Real Estate Association said Monday.
Source: ctv business
April’s national home sales up 11.3% from March: CREA