Direct Loan Canada Blog

As rising interest rates weigh on housing affordability, a new report suggests some relief may be on the horizon.
Source: ctv business
Housing affordability to improve in 2023, with some regional disparities: Desjardins

The head of the European Union’s executive arm vowed Wednesday to introduce checks on key EU infrastructure, including energy, after the suspected sabotage of natural gas pipelines in the Baltic Sea.
Source: ctv business
Top EU official vows to ‘stress test’ pipelines after leaks

A new survey from the Canadian Federation of Independent Business (CFIB) says 19 per cent of small businesses are considering adding a surcharge on credit card transactions to offset processing fees, while most remain on the fence for fear of losing customers.
Source: ctv business
Nearly 1-in-5 merchants considering credit card surcharge ahead of new rules: survey

European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine amid its monthslong war, EU officials said.
Source: ctv business
EU agrees on price cap for Russian oil over Ukraine war

While Canadians have endured months of rising prices for staples such as food and gas, one product consumers may have noticed little change in is retail cannabis.
Source: ctv business
Cannabis prices kept low despite inflation amid ‘intense’ competition

Social media speculation that Credit Suisse was on the brink of collapse sent shares of the Swiss bank on a wild ride in recent days, as investors traded off the frenzy and bought up protection in case of a default.
Source: ctv business
Credit Suisse angst shows just how freaked out markets are right now

The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections.
Source: ctv business
OPEC+ makes big oil cut to boost prices; pump costs may rise

Canada’s main stock index was down nearly 200 points in late-morning trading and U.S. stock markets also retreated as the stock market rally over the two days fizzled out.
Source: ctv business
S&P/TSX composite down nearly 200 points, U.S. stock markets also lower

Elizabeth Holmes, the founder of failed blood testing startup Theranos who was convicted of fraud earlier this year, may not be sentenced until next year after the judge in the case decided to allow a hearing later this month to address defense concerns about a key witness’s testimony.
Source: ctv business
Elizabeth Holmes’ sentencing date has been pushed back

Starting Thursday, businesses in Canada will soon be able to pass credit card fees on to their customers, thanks to a multimillion-dollar class-action settlement involving Visa and Mastercard.
Source: ctv business
Canadian businesses can charge credit card fees starting Oct. 6