Direct Loan Canada Blog

Royal LePage is forecasting the aggregate price of a home in Canada will drop by one per cent to $765,171 by the fourth quarter of 2023. The real estate company says it expects prices to flatten in the second quarter and then modestly increase in the second half of the year, ending 2023 on an upward trajectory.
Source: ctv business
Home prices to drop one per cent by Q4 2023: Royal LePage outlook

A lawyer representing Canada’s competition watchdog says Rogers Communications Inc. and Shaw Communications Inc.’s plan to sell Freedom Mobile to Quebecor Inc.’s Videotron will put Videotron in a position of ‘severe vulnerability.’
Source: ctv business
Rogers-Shaw deal would cause ‘severe vulnerability’ for Videotron: Competition Bureau

U.S. government data shows spills from TC Energy Corp.’s Keystone pipeline have increased in severity in recent years.
Source: ctv business
Keystone pipeline leaks becoming more severe in recent years, U.S. data shows

The heads of the International Energy Agency and European Union’s executive branch said Monday that the 27-nation bloc is expected to weather an energy crisis this winter but needs to speed renewables to the market and take other steps to avoid a potential shortage next year in natural gas needed for heating, electricity and factories.
Source: ctv business
Europe shifts focus to avoiding energy shortage next year

Statistics Canada says the amount Canadian households owe relative to their income rose in the third quarter.
Source: ctv business
What Canadian households owe relative to their income is on the rise: StatCan

Strength in the technology and energy sectors helped Canada’s main stock index edge higher in late-morning trading, while U.S. stock markets were also higher.
Source: ctv business
Energy and tech sectors help S&P/TSX composite edge higher, U.S. stocks also rise

Ontario’s tourism industry is not expected to fully recover from the pandemic until 2025, the Ontario Chamber of Commerce and the industry say in a joint report, with recommendations including tax incentives, cannabis tourism and affordable housing to support staff recruitment.
Source: ctv business
Ontario’s tourism sector won’t fully recover from pandemic until 2025: report

Bank of Canada Governor Tiff Macklem is expected to make an end of the year speech this afternoon.
Source: ctv business
Bank of Canada Governor Tiff Macklem to make year-end speech today

Bank of Canada Governor Tiff Macklem says the bank was surprised this year how the combination of large supply chain shocks and an overheated economy would play out on inflation.
Source: ctv business
Bank of Canada governor warns geopolitical trends could make inflation fight harder

For years, experts have been warning of a looming wave of retirements as baby boomers — those born between 1946 and 1964 and Canada’s largest generation by size — grow older and start to exit the workforce en masse. This country’s labour force growth rate has been trending downward since 2000, but the trend has intensified in recent years.
Source: ctv business
‘It is your new normal’: Canada’s aging workforce root of national labour shortage