Direct Loan Canada Blog

Stocks fell in afternoon trading after big swings between gains and losses earlier, but major indexes remained in the green for the week.
Source: ctv business
Stocks slip on Wall Street, remain on track for weekly gains

Canadians are increasingly vulnerable to ‘payment shock’ as higher household debt levels collide with oversized interest rate hikes.
Source: ctv business
Canadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts say

The heads of Canada’s biggest banks say rising interest rates are starting to have their intended effect of slowing demand but that for now they continue to notch growth.
Source: ctv business
Bank CEOs say higher rates starting to dampen growth despite economic buffers

Movie theatre operator Cineworld Group LLC has filed for Chapter 11 bankruptcy protection in the U.S. as it deals with billions of dollars in debt and lower-than-expected attendance at screenings.
Source: ctv business
Movie chain Cineworld files for Chapter 11 bankruptcy

Elon Musk will be able to include new evidence from a Twitter whistleblower as he fights to get out of his US$44 billion deal to buy the social media company, but Musk won’t be able to delay a high-stakes October trial over the dispute, a judge ruled Wednesday.
Source: ctv business
Judge: Musk can use Twitter whistleblower but not delay case

Statistics Canada says the country’s merchandise trade surplus fell to $4.1 billion in July as lower prices weighed on the total value of exports for the month.
Source: ctv business
Statistics Canada says merchandise trade surplus falls to .1B in July

From the rivers, valleys, and natural beauty of Saguenay, Que., to the bustling bayside city of Saint John, N.B., contributor Christopher Liew highlights the cities that offer Canadians the best value on their real estate investment.
Source: ctv business
Which cities in Canada offer the best value for real estate?

The Austrian government on Wednesday announced plans for a power price cap to curb the rise in energy costs tied to Russia’s war in Ukraine.
Source: ctv business
Austria announces price cap to curb rising power prices

European Union countries should set a price cap on Russian natural gas and seek a ‘solidarity contribution’ from European oil and gas companies making extraordinary profits as the war in Ukraine drives up energy costs, European Commission President Ursula von der Leyen said Wednesday.
Source: ctv business
EU wants price cap on Russian gas, energy companies to pay

Canada’s main stock index was up in late-morning trading despite losses in the energy sector as prices for oil and natural gas fell.
Source: ctv business
S&P/TSX composite up in late-morning trading despite losses in energy sector