Direct Loan Canada Blog

A new TD Bank report suggests the average price of a home in Canada could fall between 20 and 25 per cent from its peak seen earlier this year to the first quarter of 2023. The report comes as a decrease in prices materialized in the summer as mortgage and interest rates rose.
Source: ctv business
TD Bank sees up to 25 per cent drop in Canadian home prices by early 2023

For the second time in a year, the federal government is invoking a little-known 1977 energy treaty between Canada and the United States to defend the Line 5 pipeline.
Source: ctv business
Ottawa invokes 1977 pipeline treaty in separate Line 5 dispute, this one in Wisconsin

Elon Musk’s legal team is demanding to hear from Twitter’s whistleblowing former security chief, who could help bolster Musk’s case for backing out of a $44 billion deal to buy the social media company.
Source: ctv business
Elon Musk subpoenas Twitter whistleblower ahead of trial

A swath of Canada better known for maple syrup is being tested to mass produce berries normally grown in warmer locales, making it the unexpected beneficiary of extreme weather, local demand and rising costs in traditional growing areas like California.
Source: ctv business
Drought, high costs bring U.S. berry giants to Canada’s maple syrup land

Conversations about so-called quiet quitting are everywhere these days, and one expert says it’s a ‘profound opportunity’ for Canadian companies to both get it right with employees and improve the work landscape for the future.
Source: ctv business
‘Quiet quitting’ an opportunity for employers to help reshape the workplace

B.C. liquor stores and restaurants are struggling with the impacts of a major union’s ongoing job action, leading to bare shelves and possible menu changes for some.
Source: ctv business
Liquor store shelves bare, restaurants facing shortages amid B.C. union’s job action

European Union foreign ministers, meeting in Prague on Tuesday and Wednesday, may agree tightening the issuance of visas for Russians and start debating a wider ban on tourist visas though there is no agreement on that, EU officials said.
Source: ctv business
EU may agree tightening visas for Russians, discuss training of Ukraine troops

Fisticuffs in the cockpit, leaving a leaky engine running while cruising over Africa — Air France pilots are under scrutiny after recent incidents that have prompted French investigators to call for tougher safety protocols.
Source: ctv business
2 pilots suspended after fighting in cockpit

Lawyers for Israeli diamond magnate Beny Steinmetz urged a Swiss appeals court on Monday to throw out testimony from a former first lady of Guinea that contributed to his conviction for corruption.
Source: ctv business
Israeli tycoon appeals corruption conviction in Swiss court

Denmark said Monday it will increase its planned offshore wind capacity in the Baltic Sea to 3 gigawatts and hook it up to the German grid, a step toward weaning Europe off its reliance on Russian gas. When established in 2030, it should be able to supply electricity to up 4.5 million European homes.
Source: ctv business
Danes, Germans back Baltic wind hub to offset Russian gas