Direct Loan Canada Blog

Canada faces its own set of economic challenges and its central bank is setting interest rates accordingly, the Bank of Canada’s senior deputy governor said Thursday after the central bank held its key interest rate steady for the first time in a year, diverging from the U.S. Federal Reserve.
Source: ctv business
As Fed looks to hike interest rates higher, Rogers says BoC can carve its own path

It’s tax season again, which means it’s also open season for fraudsters posing as the Canada Revenue Agency (CRA) to scam Canadians out of their money and personal information. Here are some steps recommended by the CRA you can take to protect yourself this tax season.
Source: ctv business
How to avoid falling for a CRA phone scam this tax season

Three Maritimers have been left with a bad taste in their mouths after Tim Hortons’ Roll up To Win contest told them they won $10,000, when in fact, they had not.
Source: ctv business
Tim Hortons’ Roll Up To Win contest’s ‘technical error’ leaves some Maritime customers feeling duped

An unlikely alliance between Canada’s independent grocers and the country’s three largest chains is forming amid accusations that grocery stores are to blame for higher food inflation.
Source: ctv business
Independent grocers defend chains against food inflation accusations

Losses in the base metals sector led Canada’s main stock index lower in late-morning trading, while U.S. stock markets climbed higher.
Source: ctv business
S&P/TSX composite down in late-morning trading, U.S. stock markets higher

The Bank of Canada announced Wednesday it would hold its key overnight rate at 4.5 per cent after eight consecutive interest rate increases – and experts said the pause could last throughout 2023 as the bank watches the economy responds to its policy moves so far.
Source: ctv business
What happens next after the Bank of Canada held interest rates?

Loblaw chairman and president Galen Weston defended the price of chicken breast at the company’s stores in response to online images showing packages of a premium brand selling for upward of $27 per kilogram.
Source: ctv business
Loblaw president defends price of chicken; images shared are of ‘specialty product’

As demand surges and airfares soar to new heights, many Canadians are in search of travel deals this year. And low prices are out there — particularly for domestic flights.
Source: ctv business
With airfares rising, here’s how to find a travel deal this year

Maple Leaf Foods Inc. raised its dividend as it reported a loss of $41.5 million in its latest quarter due in part to weaker pork markets and a cyberattack. The food processing company says it will now pay a quarterly dividend of 21 cents per share, up from 20 cents per share.
Source: ctv business
Maple Leaf Foods reports .5M Q4 loss, post weaker pork, cyberattack

The pay package for Shell’s CEO jumped by half last year to nearly US$12 million, the fossil fuel giant said Thursday, as oil and gas companies made record profits from skyrocketing energy costs that have driven a cost-of-living crisis.
Source: ctv business
Shell CEO pay up 50 per cent as soaring energy prices boosted profit