Direct Loan Canada Blog

Stocks are opening lower on Wall Street, putting the S&P 500 index on track to break a four-week winning streak.
Source: ctv business
Stocks fall broadly, S&P 500 set to break winning streak

The back-to-school shopping season has arrived as inflation continues to push up prices and squeeze consumer budgets. Yet retail experts say families are expected to prioritize spending on the upcoming school year because school supplies are considered an essential category for many shoppers.
Source: ctv business
Back-to-school shoppers return to stores, hunt for deals amid mounting prices

A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined US$8.1 billion, a court announced.
Source: ctv business
China jails Canadian tycoon for 13 years for finance crimes

After Starbucks closed its coffee shops in Russia amid the country’s invasion of Ukraine, a nearly identical operation is opening in the capital.
Source: ctv business
Stars Coffee, anyone? Starbucks successor opening in Russia

At a time of high inflation, questions about what cards to use, how much local cash to withdraw and which currency conversion services to avoid are particularly valuable. Here’s what to know when seeking cost-effective methods of spending money overseas.
Source: ctv business
How Canadians can save on exchange rates while travelling

Hundreds of Google employees are petitioning the company to extend its abortion healthcare benefits to contract workers and to strengthen privacy protections for Google users searching for abortion information online.
Source: ctv business
Google workers demand abortion protections, data privacy

A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure.
Source: ctv business
Uptick in business bankruptcies just the tip of the iceberg: CFIB

Turkey’s central bank on Thursday lowered its key interest rate despite inflation surging to nearly 80 per cent and making it difficult for people to buy what they need, falling in line with the unorthodox economic views of the country’s president.
Source: ctv business
Turkey lowers interest rate even as inflation soars to 80 per cent

Young adults have been a strong factor in luxury product growth, but new data shows economic trends are disproportionately impacting the extra funds that those born between 1996 and 2012 might use to enter the world of luxury.
Source: ctv business
Luxury sneakers may be a step too far for cash-strapped Gen Z

Gains in the energy and base metal sectors helped lift Canada’s main stock index higher in late-morning trading as the price of oil climbed higher and U.S. stock markets put in a mixed showing.
Source: ctv business
S&P/TSX composite up in late-morning trading as price of oil climbs higher