Direct Loan Canada Blog

The Canadian economy posted a modest gain in employment in September, reversing some of the losses seen in previous months and suggesting the labour market remains exceptionally tight.
Source: ctv business
Canadian labour market still tight as economy sees slight bump in employment

A judge has delayed a looming trial between Twitter and Elon Musk, giving Musk more time to close his $44 billion deal to buy the company after months spent fighting to get out of it.
Source: ctv business
Judge delays Twitter trial, gives Elon Musk time to seal buyout

Canada Mortgage and Housing Corp. says even under best-case scenarios, housing starts will fall well below the affordable housing supply targets it has set for Ontario, B.C. and Quebec to reach by 2030.
Source: ctv business
Housing starts will fall below 2030 supply targets in Ont., Que. and B.C.: CMHC

Bank of Canada governor Tiff Macklem says more interest rate hikes are necessary to bring inflation down, despite some early signs of a slowing economy.
Source: ctv business
Higher interest rates needed, signs of economic slowdown not enough, says Macklem

The former chief security officer for Uber was convicted Wednesday of trying to cover up a 2016 data breach in which hackers accessed tens of millions of customer records from the ride-hailing service.
Source: ctv business
Former Uber security chief guilty of data breach coverup

Health Canada has issued a recall notice for an outdoor gas stove following the discovery of a potential leak that could pose a fire hazard.
Source: ctv business
Outdoor stove recalled in Canada over potential gas leak

The International Monetary Fund is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by US$4 trillion through 2026.
Source: ctv business
IMF warns of higher recession risk and darker global outlook

A federal task force says Canada’s transportation supply chain is approaching its ‘breaking point’ and urgent action from both government and industry is needed to keep goods flowing.
Source: ctv business
Clearing ports, adding skilled labour key to unblocking supply chain: report

Canadian businesses are able to pass on a new credit card surcharge to their customers starting today, although it remains to be seen how many merchants decide to adopt the new fee.
Source: ctv business
Credit card surcharge change comes into effect for Canadian businesses

Sweden’s domestic security agency said Thursday that its preliminary investigation of leaks from two Russian gas pipelines in the Baltic Sea ‘has strengthened the suspicions of serious sabotage’ as the cause and a prosecutor said evidence at the site has been seized.
Source: ctv business
Sweden seizes evidence at Baltic Sea pipeline leak site