Direct Loan Canada Blog

As inflation continues to take its toll, some Canadians may also start taking a closer look at their spending habits. In 2019, only around half of Canadians said they had a budget, according to a survey by the Financial Consumer Agency of Canada.
Source: ctv business
Budgeting for the first time amid soaring inflation? Here are some tips

The former chief executive of financial services company Wirecard and two other ex-managers went on trial Thursday over the firm’s collapse in what has been described as the biggest case of fraud in post-war Germany.
Source: ctv business
Ex-Wirecard boss on trial in fraud case that shamed Germany

The size and scope of the oil spill caused by the Keystone pipeline Wednesday remains unknown, but analysts say Canadian crude could suffer a significant price impact if the pipeline is shut down for more than a few days.
Source: ctv business
TC Energy shuts down Keystone pipeline system after leak in Kansas

Hundreds of journalists and other employees at The New York Times began a 24-hour walkout on Thursday, the first strike of its kind at the newspaper in more than 40 years.
Source: ctv business
New York Times journalists, other workers on 24-hour strike

Canada’s negotiators at the COP15 conference say business groups and financial institutions have a role to play in preserving the planet’s biodiversity.
Source: ctv business
Financial institutions have a role to play in preserving biodiversity: COP negotiator

The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent — the highest it’s been since January 2008 — on Wednesday in its final rate decision of a year that has been marked by stubbornly high inflation and rapidly increasing interest rates.
Source: ctv business
What the latest Bank of Canada rate hike means for inflation, consumers

Twitter owner and Tesla boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a US$44 billion bet on the social media firm.
Source: ctv business
Elon Musk briefly loses title as world’s richest person to LVMH boss: Forbes

Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the past decade.
Source: ctv business
There have never been so many renters in Canada, RBC report says

Canada’s main stock index edged lower in late-morning trading, as the price of oil fell and losses in the energy sector weighed on the Toronto market, while U.S. stock markets also moved lower.
Source: ctv business
S&P/TSX composite edges lower as price of oil falls, U.S. stock markets also down

Dollarama Inc. reported its third-quarter profit and sales rose compared with a year ago and raised its comparable-store sales growth guidance.
Source: ctv business
Dollarama reports third-quarter profit and sales up from year ago