Direct Loan Canada Blog

With Canada’s unemployment rate holding near record lows, experts say an increased interest in unions among retail and service workers that began during the COVID-19 pandemic will continue — even as workers face an uphill battle against large, powerful employers.
Source: ctv business
Low unemployment could boost trend of union organizing in retail, service: experts

The digital media conglomerate Starboard said Friday it purchased the conservative social media site Parler and will temporarily take down the app as it undergoes a ‘strategic assessment.’
Source: ctv business
Digital conglomerate Starboard buys right-wing app Parler

The Bank of Canada says it has no plans to cut interest rates in the near future. But despite this, mortgage rates in Canada have been on a downward trend.
Source: ctv business
As the Bank of Canada pauses rate hikes, mortgage rates in Canada creep downward

World Bank food workers–a quarter of which are employed as contract labourers from Compass Group–who put food on the table for an organization whose mission is to fight poverty are themselves struggling to get by.
Source: ctv business
Workers at anti-poverty World Bank struggle to pay bills

The merger of Canadian Pacific Railway Ltd. with Kansas City Southern Railway Co. is now official.
Source: ctv business
CP Rail, Kansas City Southern Rail merger now official

The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.
Source: ctv business
Average home price to end the year lower than 2022: CREA

Stocks are slipping Friday as a swirl of competing forces spins Wall Street, from strong profits for financial giants to worries about interest rates and the economy’s strength.
Source: ctv business
Stocks slip as rate worries compete with big bank profits

Stocks on Wall Street dipped Friday as worries about interest rates overshadowed an encouraging start to earnings reporting season for big U.S. companies.
Source: ctv business
Stocks slip as rate worries overshadow big bank profits

A tech consultant was arrested and charged with murder Thursday in the stabbing death of the gregarious and popular Cash App founder Bob Lee last week in downtown San Francisco, authorities said.
Source: ctv business
Tech consultant charged in killing of Cash App founder Lee

The Bank of Canada on Wednesday announced that it would once again be holding the overnight interest rate steady at 4.5 per cent. But even as inflation continues to cool, economists are split on when we can eventually see lower interest rates.
Source: ctv business
Economists divided on when the Bank of Canada could cut interest rates