Direct Loan Canada Blog

China’s government said Thursday it would oppose possible U.S. plans to force TikTok’s Chinese owner to sell the short-video service as a security risk and warned such a move would hurt investor confidence in the United States.
Source: ctv business
China criticizes possible U.S. plan to force TikTok sale

Canadian retail chain Zellers marked its official comeback on Thursday, opening a dozen stores in Ontario and Alberta and launching a new website.
Source: ctv business
Zellers opens a dozen stores in Canada amid wave of nostalgia and price sensitivity

Accenture Plc lowered its annual revenue and profit forecasts and said on Thursday it would cut about 2.5% of its workforce, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.
Source: ctv business
Accenture cuts jobs, trims forecasts on worries of lower IT spending

French unions on Thursday are holding their first mass demonstrations since President Emmanuel Macron inflamed public anger by forcing a higher retirement age through parliament without a vote. Strikes are upending travel, and blockades are expected at ports, refineries and garbage dumps.
Source: ctv business
Anger at Macron mounts as French unions hold new protests

U.S. lawmakers grilled the CEO of TikTok over data security and harmful content Thursday, responding skeptically during a tense committee hearing to his assurances that the hugely popular video-sharing app prioritizes user safety and should not be banned.
Source: ctv business
Skeptical U.S. lawmakers grill TikTok CEO over safety

The Swiss central bank hiked its key interest rate Thursday and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil.
Source: ctv business
Credit Suisse deal averted crisis, Swiss central bank says

Strength in the technology sector helped lead a broad-based rally as Canada’s main stock index gained more than 100 points in late-morning trading, while U.S. stock markets also surged higher.
Source: ctv business
Tech gains help S&P/TSX composite rise more than 100 points, U.S. stocks also up

The U.S. Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.
Source: ctv business
U.S. fed raises key rate by quarter-point despite bank turmoil

The Bank of Canada says it’s still concerned inflation might be harder to bring down than expected, noting the economy is still in excess demand. The central bank published a summary Wednesday on the governing council’s deliberations ahead of its decision to hold its key interest rate steady on March 8.
Source: ctv business
BoC still concerned about potentially sticky inflation, says economy still too hot

The Canadian real estate market has been sluggish since last year, when prospective buyers started putting off plans to purchase homes as the Bank of Canada aggressively hiked interest rates eight consecutive times. But realtors see many edging toward a purchase once more.
Source: ctv business
What are the predictions for Canada’s real estate market this spring?