Direct Loan Canada Blog

Wall Street is drifting higher Friday, as the market winds down a week of sharp swerves with another batch of corporate profit reports that mostly topped expectations.
Source: ctv business
Stock market today: Wall Street drifts at end of bumpy week

Amazon on Thursday reported a continuing slowdown in its cloud computing unit AWS, but stronger-than-expected revenue and profits for the first quarter sent its stocks higher in after-hours trading.
Source: ctv business
Amazon stocks surge after Q1 revenue, profit wins

Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26 per cent of its workforce, in one of the first steps by the new Chief Executive David Risher, sending its shares up by about 1 per cent on Thursday.
Source: ctv business
Lyft to lay off more than 1,000 employees in cost-cut push

Getting an income tax refund can be a happy bonus for your household budget, but an unexpected tax bill can be an unpleasant surprise, especially if you don’t have the cash on hand to pay it.
Source: ctv business
Owe money to the CRA? Here are some repayment options

Gap Inc said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a set of big U.S. companies that are downsizing in earnest as high inflation eats into consumer wallets.
Source: ctv business
Gap to lay off about 1,800 employees in second round of job cuts

Meta Platforms Inc is a Wall Street darling again.
Source: ctv business
Meta wins back Wall Street with AI promises

The Canada Mortgage and Housing Corp. says the average home price will not revert to pre-pandemic levels in 2023 because declines in prices will taper off soon and bottom out sometime this year.
Source: ctv business
Average home price will not revert to pre-pandemic levels this year: CMHC

French company TotalEnergies says it has signed a deal to sell its Canadian operations to Suncor Energy Inc. in an agreement worth up to $6.1 billion.
Source: ctv business
TotalEnergies sells Canadian operations to Suncor in deal worth up to .1B

The LCBO is phasing out the use of paper bags at all locations.
Source: ctv business
LCBO to scrap paper bags in all stores

Around the world, food prices are persistently, painfully high. Puzzlingly, too. On global markets, the prices of grains, vegetable oil, dairy and other agricultural commodities have fallen steadily from record highs. But the relief hasn’t made it to the real world of shopkeepers, street vendors and families trying to make ends meet.
Source: ctv business
Food prices fall on world markets but not on kitchen tables