Direct Loan Canada Blog

Canadian banks are set to reveal how they’re faring in the lead up to a possible recession as they report quarterly earnings this week. As central banks raise interest rates to slow inflation, economic fears have held bank stocks back compared with the overall market, so analysts will be looking to see how well set up the sector is before an expected slowdown next year.
Source: ctv business
Banks to give financial update in Q4 results ahead of possible recession next year

Pretty much everyone hates Airbnb cleaning fees — those pesky charges tacked on to your vacation rental bill that supposedly cover the costs to get the place ready for the next visitors. Travelers don’t like the expense, and hosts don’t like charging them, either.
Source: ctv business
Airbnb has a plan to fix cleaning fees

In cities across Europe, officials are wrestling with a choice as energy prices have gone up because of Russia’s war in Ukraine: Dim Christmas lighting to send a message of energy conservation and solidarity with citizens squeezed by higher utility bills and inflation, while protecting public coffers.
Source: ctv business
Sober or bright? Europe faces holidays during energy crunch

U.S. online spending is expected to set a record for Black Friday, according to Adobe Analytics, as steep discounts lured consumers against the backdrop of high inflation, kicking off the year’s biggest shopping event on a strong note.
Source: ctv business
Black Friday online sales to hit record despite high inflation: Adobe Analytics

A new report shows that rent for all property types across Canada jumped again, seeing an increase of 15.4 per cent over this time last year.
Source: ctv business
Average rent in Canada up 15.4 per cent in 2022: monthly report

Netflix’s trail-blazing DVD-by-mail rental service has been relegated as a relic in the age of video streaming, but there is still a steady – albeit shrinking – audience of diehards like Amanda Konkle who are happily paying to receive those discs in the iconic red-and-white envelopes.
Source: ctv business
Netflix nights still come wrapped in red-and-white envelopes

Worker paycheques in the province that once led the country in wage growth have flatlined, but experts say the double whammy of inflation and labour shortages mean Alberta businesses are poised to face a reckoning on wages soon.
Source: ctv business
Alberta’s famous ‘wage premium’ rapidly eroding, experts say

The U.S. is banning the sale of communications equipment made by Chinese companies Huawei and ZTE and restricting the use of some China-made video surveillance systems, citing an ‘unacceptable risk’ to national security.
Source: ctv business
U.S. FCC bans sales, import of Chinese tech from Huawei, ZTE

The federal government is extending employment insurance sickness benefits to 26 weeks, up from 15 weeks, Employment Minister Carla Qualtrough announced on Friday.
Source: ctv business
Federal government to extend EI sickness benefits from 15 to 26 weeks

Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts next week, in a fresh move to revamp the service after a previous attempt backfired.
Source: ctv business
Musk plans to relaunch Twitter premium service, again