Direct Loan Canada Blog

Canada’s housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.
Source: ctv business
CMHC says mortgage risks remain as delinquencies creep up, alternative lending grows

An application to stay a receivership order of Mayfield Investments Ltd., a company that owns multiple businesses in Alberta including the Camrose Resort and Casino, Medicine Hat Lodge and Calgary’s Stage West Dinner Theatre, has been denied by the court.
Source: ctv business
Judge rules against Alberta casino, dinner theatre operator

Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being published today by Environment Minister Steven Guilbeault.
Source: ctv business
Oil, gas companies told to cut emissions by one-third under planned cap

Furniture giant Ikea has agreed to pay 6 million euros (US$6.5 million) towards a government fund compensating victims of forced labour under Germany’s communist dictatorship, in a move campaigners hope will pressure other companies to follow.
Source: ctv business
Ikea will pay 6 million euros to East German prisoners forced to build their furniture in landmark move

BCE Inc.’s share price took a hit in midday trading on Monday after the company announced it has signed a deal to buy U.S. fibre internet provider Ziply Fiber for about $5 billion in cash.
Source: ctv business
BCE signs deal to buy U.S. fibre internet provider Ziply Fiber for billion

Unionized factory workers at Boeing were voting Monday whether to accept a contract offer or to continue their strike, which has lasted more than seven weeks and shut down production of most Boeing passenger planes.
Source: ctv business
Boeing machinists hold contract vote that could end their 7-week strike

Housing experts argue widespread adoption of government-supported affordable housing, the growth of alternative models like co-operatives and co-housing, and the increased use of advanced building techniques could all play a role in improving Canada’s housing system.
Source: ctv business
Where should Canada look to improve its housing situation? The answer may shock you

Warren Buffett is collecting a steady stream of profits from all of Berkshire Hathaway’s assorted businesses, including Apple, without any major acquisitions.
Source: ctv business
Warren Buffett is sitting on over US5 billion cash as Berkshire Hathaway keeps selling Apple stock

Air Canada on Friday raised its annual core profit forecast and announced share buybacks, as the country’s largest carrier benefits from strong demand for international travel.
Source: ctv business
Air Canada bullish about business amid robust international demand

Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect.
Source: ctv business
How will the outcome of the U.S. election affect financial markets?