Direct Loan Canada Blog

Two high-rise apartment towers in India were levelled to the ground in a controlled demolition on Sunday after the country’s top court declared them illegal for violating building norms, officials said. They became India’s tallest structures to be razed to the ground.
Source: ctv business
High-rise towers in India demolished for violating laws

Despite the cooling housing market, 25 per cent of non-homeowner millennials in Canada still say they believe they will never own a home, according to a new survey.
Source: ctv business
One in four Canadian millennials believe they will never own a home, survey finds

Facebook’s corporate parent has reached a tentative settlement in a lawsuit alleging the world’s largest social network service allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s victorious presidential campaign in 2016.
Source: ctv business
Facebook parent settles suit in Cambridge Analytica scandal

African heads of state, representatives of international organizations and private business leaders gathered in Tunisia on Saturday for the Tokyo International Conference on African Development, a triennial event launched by Japan to promote growth and security in Africa.
Source: ctv business
Tunisia hosts Japanese-African economic cooperation meeting

Amid high inflation rates in Canada, which peaked in June at a staggering 8.1 per cent, a new survey has found that many Canadians are now turning to debt to keep up with their expenses.
Source: ctv business
Canadians are resorting to debt to pay bills amid high inflation

The Victoria International Airport (YYJ) recently won an international award for being the most efficient airport of its size in North America. The airport says it won the award for “most efficient airport with under 5 million passengers in North America” in the 2022 Global Airport Performance Benchmarking Report.
Source: ctv business
Victoria International Airport named ‘most efficient’ for its size in North America

North American stock markets were down sharply Friday as investors reacted negatively to a speech by Federal Reserve chair Jerome Powell in which he said he expects to keep interest rates high in his fight against inflation.
Source: ctv business
Canadian and U.S. stock markets down sharply after Powell speech

The amount Canadian diners tip as a percentage of their bill is rising, recent data suggests. Experts say the reasons for this range from diners’ altruism during the pandemic, to the practice by some restaurants of changing their payment prompts, according to experts in the food and hospitality industry.
Source: ctv business
‘Tip-flation’: What’s behind rising tip percentages at restaurants?

A Statistics Canada report showed Canadians’ average weekly earnings increased 3.5 per cent in June 2022 compared with the same month last year. But wages are still less than half of the inflation rate which stands at 7.6 per cent.
Source: ctv business
Canadian wages tick up but still lag far behind inflation

The leader of Papua New Guinea has appointed what are believed to be the world’s first ministers for coffee and palm oil.
Source: ctv business
Sleep, talk about coffee, wake up, talk about coffee: Papua New Guinea’s brand new minister job