Direct Loan Canada Blog

A Calgary man on work permit says the exemptions for international students and work permit holders are too limiting and says he and many other qualified workers feel ‘forgotten’ by the legislation.
Source: ctv business
Calgary man on work permit says he feels ‘forgotten’ by foreign homebuyer ban, calls exemptions too limiting

Canada is one step closer to creating a Grocery Code of Conduct in an effort to level the playing field for both producers and grocery stores.
Source: ctv business
Canada’s Grocery Code of Conduct one step closer to being implemented

The price of housing in Canada likely won’t drop much further due to the country’s ongoing shortage of new homes, even as rising interest rates curb some demand, the deputy chief economist for the CMHC says.
Source: ctv business
Home prices are falling, but likely won’t fall much further thanks to housing shortage: CMHC deputy chief economist

As a potential recession mixed with the after-effects of the pandemic loom over Canadians, advocates working to end gender-based violence say these economic crises will only exacerbate domestic abuse for vulnerable people, particularly women.
Source: ctv business
As possible recession looms, advocate warn domestic violence could increase

The House of Commons industry and technology committee is planning to initiate another study of the proposed Rogers-Shaw merger.
Source: ctv business
House of Commons committee plans to take another look at updated Rogers-Shaw deal

Apple CEO Tim Cook will take a more than 40 per cent pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on a recommendation from Cook himself.
Source: ctv business
Apple CEO Tim Cook to take more than 40 per cent pay cut

Big bank economists say the surprisingly resilient economy is likely headed for a mild slowdown in the year ahead, but that recent events show how difficult it is to predict the future.
Source: ctv business
Bank economists see mild recession likely ahead despite surprising resilience

With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.
Source: ctv business
Tesla cuts vehicle prices in bid to boost flagging demand

A report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis.
Source: ctv business
Home prices in Q4 down year-over-year, first decline since end of 2008: report

China’s trade surplus swelled to a record US$877.6 billion last year as exports rose despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centres.
Source: ctv business
China’s trade surplus swells to US7.6B as exports grow