Direct Loan Canada Blog

Canadian shoppers are out deal-hunting during a muted Black Friday as decades-high inflation weighs on consumers and prompts some to rein in spending.
Source: ctv business
Black Friday off to muted start in stores as deals spread out, offers matched online

Canada’s main stock index was up in late-morning trading amid gains in the industrials, financial and battery metals sectors, while U.S. stock markets were mixed upon reopening following the Thanksgiving holiday closure.
Source: ctv business
S&P/TSX composite up more than 100 points, U.S. markets mixed

Canada’s main stock index was up at the close Friday with mixed results across sectors, while U.S. markets were also mixed with an early close.
Source: ctv business
S&P/TSX composite up slightly at the close, U.S. markets mixed

Delays at security check-in and other problems at Canada’s airports were among the concerns raised Thursday as the air travel industry came together ahead of the busy winter travel season, but the sector warns more remains to be done.
Source: ctv business
Ottawa, air sector discuss industry concerns ahead of winter travel season

Adidas AG on Thursday said it has launched an investigation into allegations of inappropriate behaviour by Kanye West, after the German sporting goods maker last month ended its partnership with the rapper and fashion designer.
Source: ctv business
Adidas launches probe into misconduct allegations against Kanye West

More consumer protection is needed as new entrants in the fast-growing payments space get ahead of regulation, the head of the Canadian Bankers Association said.
Source: ctv business
More consumer protection needed in emerging payments space, says head of bankers group

Western governments are aiming to cap the price of Russia’s oil exports in an attempt to limit the fossil fuel earnings that support Moscow’s budget, its military and the invasion of Ukraine.
Source: ctv business
What’s the effect of Russian oil price cap, ban?

Twitter took longer to review hateful content and removed less of it in 2022 compared with the previous year, according to European Union data released Thursday. The EU figures were published as part of an annual evaluation of online platforms’ compliance with the 27-nation bloc’s code of conduct on disinformation.
Source: ctv business
Twitter, others slip on removing hate speech, EU review says

Former Bank of Canada governor Stephen Poloz says the effect of interest rate hikes will be larger than people anticipate.
Source: ctv business
Effect of rate hikes on economy will be more powerful than people think: Poloz

Former Bank of Canada governor Stephen Poloz says the effect of interest rate hikes will be larger than people anticipate.
Source: ctv business
Long-term rate hikes effects will be ‘more powerful’ than people think: Poloz