Direct Loan Canada Blog

Construction of new homes picked up in several of Canada’s major cities last year, said the Canada Mortgage and Housing Corp. (CMHC), but the agency foresees a slowdown as interest rates weigh on building costs.
Source: ctv business
CMHC reports annual pace of housing starts in Canada slowed in March

New supervisors leading Disney World’s revamped governing body said Wednesday that they had good intentions about collaborating with the company after they were appointed by Florida Gov. Ron DeSantis but felt betrayed when Disney signed agreements with their predecessors stripping them of most of their authority.
Source: ctv business
DeSantis appointees begin reshaping Disney World’s district

U.S. lawmakers have accused embattled Swiss bank Credit Suisse of limiting the scope of an internal investigation into Nazi clients and Nazi-linked accounts, including some that were open until just a few years ago.
Source: ctv business
Credit Suisse faulted over probe of Nazi-linked accounts

The price of food in the U.K. rose at the fastest pace in 45 years last month in, keeping inflation above 10% for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers.
Source: ctv business
U.K. inflation remains over 10 per cent as food prices rise

Wall Street is slipping Wednesday following mixed earnings reports from big U.S. companies and another signal that inflation remains painfully hot around the world.
Source: ctv business
Stock market today: Wall Street slips, erasing gain for week

A bakery owner Sean Young is suing the city after the zoning board decided that his pastry painting outside his shop was not so much art as advertising, and so could not remain as is because of its size. Faced with modifying or removing the mural, or possibly dealing with fines and criminal charges, Young sued, saying the town is violating his freedom of speech rights.
Source: ctv business
Donut painting sparks free speech debate for bakery, town

China’s economic growth accelerated in the latest quarter as consumer flocked back to shops and restaurants following the abrupt end of anti-virus controls.
Source: ctv business
China’s economic growth accelerates with consumption boost

Southwest Airlines planes were briefly grounded nationwide Tuesday for what the airline called an intermittent technology issue, leading to more than 1,800 delayed flights just four months after the carrier suffered a much bigger meltdown over the Christmas travel rush.
Source: ctv business
Southwest U.S. passengers face delays after nationwide grounding

Vermont ice cream maker Ben & Jerry’s said Tuesday it supports a plan to unionize by the workers at a retail shop in the same city where the brand, known as much for its social activism as its products, was founded.
Source: ctv business
Ben & Jerry’s supports Vermont workers’ unionization drive

Canada’s bank regulator says it is preparing for strain in the housing market to potentially last throughout the year as it flags the sector as a growing concern.
Source: ctv business
Bank regulator sees growing concerns in real estate even as credit quality holds