Direct Loan Canada Blog

The Q4 2022 earnings reports from Canada’s big banks are showing signs that the Canadian economy is slowing down ahead of a potential recession, with some signs of optimism.
Source: ctv business
What this week’s big bank earnings say about the state of Canada’s economy ahead of a possible recession

A new report by the Centre for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of sectors where consumer prices have also risen the fastest.
Source: ctv business
Profits in 15 sectors, including oil and gas, driving bulk of inflation: report

The unemployment rate in Canada declined slightly to 5.1 per cent in November, according to new data released by Statistics Canada Friday.
Source: ctv business
Canada’s unemployment rate declined slightly to 5.1 per cent, wages grow again

Nine out of 10 Canadians believe there could be a recession in 2023, according to a new national survey, with four out of 10 calling it ‘likely.’
Source: ctv business
Nine out of 10 Canadians think a 2023 recession is at least ‘somewhat likely’: Nanos poll

Donald Trump ‘knew exactly what was going on’ with top Trump Organization executives who schemed for years to dodge taxes on company-paid perks, a prosecutor said Thursday, challenging defence claims that the former president was unaware of the plot at the heart of the company’s tax fraud case.
Source: ctv business
Prosecutor: Donald Trump knew about exec’s tax fraud scheme

From boosting cash on hand to cutting staff, Canadian banks are taking a variety of strategies to prepare for a widely expected economic slowdown in the year ahead.
Source: ctv business
How Canada’s banks are preparing for an economic downturn

The AGCO says casinos, as well as lottery and igaming operators, must stop accepting wagers on future Ultimate Fighting Championship (UFC) events due to concerns over what it calls ‘non-compliance’ with its betting integrity requirements.
Source: ctv business
Ontario’s gambling regulator orders end to UFC bets over non-compliance concerns

At first glance, it might seem like the deals have never been better as posters in store windows and online ads trumpet a steady stream of holiday sales. But some consumers say the discounts are more hype than real.
Source: ctv business
Tips to deal with shrinkflation at the mall as some shoppers question discounts

Stocks fell in uneven trading on Wall Street Thursday and bond yields pulled back after the government reported that a measure of inflation that’s closely watched by the Federal Reserve eased in October.
Source: ctv business
U.S. stocks lose ground in uneven trading to open December

Since the global onset of COVID-19, Canada has been gradually closing the gap with the United States when it comes to attracting and keeping an important economic prize: new permanent residents.
Source: ctv business
Pandemic, slower U.S. migration see Canada closing gap with U.S. in workforce race