Direct Loan Canada Blog

Wall Street’s big rally to start the year wilted on Friday after a surprisingly strong jobs report fueled worries about inflation and higher interest rates.
Source: ctv business
Wall Street rally hits wall of hot jobs, cold earnings data

As the deadline for registered retirement savings plan contributions approaches, one tax expert says it is possible for Canadians to have too much of their savings in a RRSP.
Source: ctv business
It’s possible to have ‘too much’ in your RRSP: Tax expert

Telecom giant BCE Inc. is starting to wind down a surge of infrastructure spending as it readies to flex both its improved network and increased capital room to attract more customers.
Source: ctv business
BCE says it’s ready for price competition, reports Q4 profits down

Nestle Canada says it is winding down its frozen meals and pizza business in Canada over the next six months. The four brands that will no longer be sold in the freezer aisle at Canadian grocery stores are Delissio, Stouffer’s, Lean Cuisine and Life Cuisine.
Source: ctv business
Why Delissio pizzas and other Nestle products will disappear from Canadian stores

Two Maritime port cities anticipate 2023 to be a record-breaking year for cruise ship traffic.
Source: ctv business
Charlottetown, Sydney ports anticipate record-breaking cruise ship season

The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases.
Source: ctv business
European Central Bank hikes rates, vows ‘we are not done’

Turkiye on Thursday slammed a group of Western countries which temporarily closed down their consulates in Istanbul over security concerns, accusing them of waging ‘psychological warfare”‘ and attempting to wreck Turkiye’s tourism.
Source: ctv business
Turkiye slams West for security warnings ‘harming’ tourism

Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia invaded Ukraine. London-based Shell Plc posted adjusted earnings of $39.9 billion for 2022 in its financial results for the final three months of the year.
Source: ctv business
Shell profit doubles to record as war drives up energy costs

Hong Kong will give away air tickets and vouchers to woo tourists back to the international financial hub, racing to catch up with other popular travel destinations in a fierce regional competition.
Source: ctv business
Hong Kong woos tourists with air tickets and vouchers

Strength in the technology sector helped lead Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed.
Source: ctv business
Tech sector helps lift S&P/TSX composite, U.S. stock markets mixed