Direct Loan Canada Blog

Consumer confidence continues to plummet with nearly half of Canadians (47%) reporting that their personal finances are worse off compared to a year ago, according to weekly polling by Nanos Research for Bloomberg.
Source: ctv business
Canadians feeling worse than ever about their personal finances: Nanos poll

Twitter’s new owner, billionaire Elon Musk, wants to turn the blue check verification system on Twitter into a revenue source for the company he paid $44 billion to purchase.
Source: ctv business
Twitter’s blue check: Vital verification or status symbol?

Canada ordered three Chinese companies on Wednesday to divest their investments in Canadian critical minerals, citing national security.
Source: ctv business
Canada orders three Chinese firms to exit lithium mining

Two Black radio hosts in Arizona could be a potential roadblock if Kanye West ever decided to sell his ‘White Lives Matter’ T-shirts in the United States.
Source: ctv business
Kanye West can’t sell ‘White Lives Matter’ shirts because two Black men own the trademark

Stores are making it harder and more costly to bring back items as consumers remain hooked on a big pandemic habit: online shopping.
Source: ctv business
Retailers turning to fees, shorter windows to reduce soaring returns

The Bank of England made its biggest interest rate increase in three decades Thursday, joining the U.S. Federal Reserve and other central banks worldwide in rapid hikes as it tries to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss.
Source: ctv business
Bank of England makes biggest interest rate hike in 30 years

A new survey says Canadian employers are concerned about employee burnout and high turnover amid the ongoing labour shortage.
Source: ctv business
Employers concerned about worker burnout, retention amid tight job market: survey

Canada’s top three grocers all posted higher profits this year compared with their average performances over the last five years, new research from Dalhousie University has found.
Source: ctv business
Canada’s top 3 grocers posted higher profits this year compared to 5-year average: report

Source: ctv business
Jerome Powell: U.S. rate hikes may slow, but inflation fight hardly over

Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the utility, telecom and financial sectors, while U.S. stock markets were also in the red.
Source: ctv business
S&P/TSX composite creeps lower in late-morning trading, U.S. stock markets down