Direct Loan Canada Blog

Canada’s oldest candy and chocolate company Ganong Bros., Ltd. is teaming up with seafood giant Cooke Inc. in a bid to take the family-run confectionary business global.
Source: ctv business
New Brunswick’s Ganong Bros. teams up with Cooke Inc. to take candy company global

Statistics Canada says manufacturing sales fell 2.0 per cent to $70.4 billion in August as petroleum and coal sales edged down on lower prices and volumes.
Source: ctv business
Statistics Canada says manufacturing sales down, wholesale sales up in August

Embattled British Prime Minister Liz Truss sacked her Treasury chief and reversed course on a major part of her tax-cutting economic plan Friday as she struggled to hang on to her job after weeks of turmoil on financial markets.
Source: ctv business
U.K. PM Truss drops tax cuts, axes Treasury chief amid turmoil

Canada’s main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the base metal and energy sectors, while U.S. stock markets were also in the red.
Source: ctv business
S&P/TSX composite down nearly 100 points, U.S. stock markets also trade lower

Economists from RBC expect Canada will enter a recession in the first quarter of 2023, and lower-income Canadians may be the ones who suffer the most.
Source: ctv business
Recession expected in Canada in early 2023: RBC economists

Warning that inflation threatens to become ‘a runaway train,’ the managing director of the International Monetary Fund urged policymakers to keep up the fight against rising prices even it means more pain at a time of extraordinary economic turmoil.
Source: ctv business
IMF chief urges aggressive fight against soaring inflation

As Canada continues to aim for net-zero emissions goals several jobs in the energy and infrastructure sector could see a spike in demand as the nation shifts into the green transition.
Source: ctv business
Demand for clean energy jobs growing, but is Canada ready?

Can money buy you happiness? Private wealth management adviser Robyn Thompson has broken down common ‘money myths,’ including whether credit is bad and why you shouldn’t say you’re bad with money.
Source: ctv business
Can money buy you happiness? An expert breaks down common ‘money myths’

Swedish home furnishings giant Ikea said Thursday that despite ‘unprecedented challenges’ caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering fallout from the COVID-19 pandemic, 2022 had been an ‘exceptional year.’
Source: ctv business
Ikea calls 2022 an ‘exceptional year’ despite challenges

New legislation requiring employers in Ontario to disclose electronic monitoring in the workplace will increase transparency but does not provide employees with any new privacy right, employment lawyers say.
Source: ctv business
What Ontario’s new workplace electronic monitoring policy actually means for employees