Direct Loan Canada Blog

A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.
Source: ctv business
Fewer young Canadians own homes but majority planning to buy within five years: poll

Cybersecurity firm CrowdStrike said on Monday it sued Delta Air Lines in U.S. District Court in Georgia after a faulty software update prompted a global outage in July.
Source: ctv business
CrowdStrike, Delta sue each other over flight disruptions

American Airlines is testing a new technology at three airports across the U.S. during the boarding process that aims to cut down on passengers who try to cut the line.
Source: ctv business
American Airlines tests boarding technology that audibly shames line cutters

Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head of the company’s works council said Monday.
Source: ctv business
Volkswagen’s employee council says the automaker plans to close at least 3 German plants

The former longtime CEO of Abercrombie & Fitch pleaded not guilty Friday to federal sex trafficking and interstate prostitution charges.
Source: ctv business
Former Abercrombie & Fitch CEO pleads not guilty to sex trafficking and prostitution charges

Bank of Canada governor Tiff Macklem says the world has become more prone to supply shocks which create more risks to inflation, but the central bank is in a better place to deal with them now that inflation is under control.
Source: ctv business
‘Shock-prone world’ highlights need for productivity: Bank of Canada governor

Ontario grocery stores — particularly smaller, independent shops — say new bottle return requirements that were sprung on them a week before they’re set to take effect may make it impossible to participate in Premier Doug Ford’s expansion of alcohol sales.
Source: ctv business
‘We feel hoodwinked’: Ontario grocers wary of new recycling rules with alcohol sales

Iceland’s economy is outperforming most European peers after the nationwide introduction of a shorter working week with no loss in pay, according to research released Friday.
Source: ctv business
Iceland embraced a shorter work week. Here’s how it turned out

Natural gas producers in Western Canada have white-knuckled it through months of depressed prices, with the expectation that their fortunes will improve when LNG Canada comes online in the middle of next year.
Source: ctv business
Natural gas producers await LNG Canada’s start, but will it be the fix for prices?

The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to everyone looking to buy a newly-constructed home.
Source: ctv business
Here’s why a mortgage broker thinks a 30-year amortization is a ‘trap’