Direct Loan Canada Blog

Insolvency trustee Doug Hoyes says millennial Canadians have been dealt a generational losing hand as they face student loans layered with bad debts from credit cards, high-interest loans, and post-pandemic tax debt from collecting CERB.
Source: ctv business
Millennials dominate insolvencies as credit card, student loan, CERB tax debts add up

Former Bank of Canada governor Stephen Poloz says Canada’s economy is at a greater risk of a ‘hard landing’ — a rapid economic slowdown following a period of growth and approaching a recession.
Source: ctv business
Risk of a hard landing for Canadian economy is up, former Bank of Canada governor says

Recent moves by President Joe Biden to pressure TikTok over its Chinese ownership and approve oil drilling in an untapped area of Alaska are testing the loyalty of young voters, a group that’s largely been in his corner.
Source: ctv business
Biden’s moves on Alaska drilling, TikTok test young voters

Germany and the European Union announced Saturday that they have reached an agreement in their dispute over the future of cars with combustion engines, allowing the registration of new vehicles with such engines even after 2035 provided they use climate-neutral fuel only.
Source: ctv business
Germany, EU reach agreement in combustion engine row

A new survey conducted by Research Co. found that the majority of Canadians support tying speeding tickets to income, otherwise known as ‘progressive punishment.’
Source: ctv business
Most Canadians believe speeding tickets should be tied to income: poll

Utah’s sweeping social media legislation passed this week is an ambitious attempt to shield children and teens from the ill effects of social media and empower parents to decide whether their kids should be using apps like TikTok or Instagram.
Source: ctv business
Utah social media law is ambitious, but is it enforceable?

A late-afternoon turnaround on Wall Street left stocks higher Friday as the market shook off a weak start amid worries about banks on both sides of the Atlantic.
Source: ctv business
Wall Street ends higher, marking 2nd winning week in a row

A popular gay social networking application said Friday that it is issuing a warning to its users in Egypt, as police impersonate community members to target LGBTQ2s+ individuals.
Source: ctv business
LGBTQ2S+ dating app Grindr issues warning to users in Egypt

Amazon.com Inc. and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts.
Source: ctv business
Amazon, other retailers revamp ‘free’ shipping as costs soar

Unions for service workers at Walt Disney World reached a tentative deal with the company on Thursday that would raise the starting minimum wage from US$15 to $18 an hour by the end of the year in a pact that could set the basement for starting pay throughout central Florida’s sprawling tourism industry.
Source: ctv business
Disney World reaches union deal with minimum US hourly wage