Direct Loan Canada Blog

Walmart had good news Tuesday for investors and economists worried about a looming recession, as the retail giant gave a much rosier picture of consumer spending than it offered less than a month ago.
Source: ctv business
Walmart results relieve some recession fears

Canadian Pacific Railway is one step closer to receiving the regulatory go-ahead for its acquisition of Kansas City Southern.
Source: ctv business
CP-KCS deal wins OK from foreign investment committee in U.S.

Nearly three years after Adam Neumann stepped down as CEO of WeWork following a failed attempt to take the company public, he is said to once again be in charge of a billion-dollar real estate startup.
Source: ctv business
WeWork’s former CEO has a new startup, reportedly valued at more than US billion

Two infant products, manufactured by baby gear company 4moms, are being recalled due to strangulation hazards, according to a consumer product notice issued by Health Canada.
Source: ctv business
Baby rocker, swing recalled over strangulation hazard

With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country’s Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an industry vital to Russia’s economy that had been ensnared in wider sanctions.
Source: ctv business
Russia’s economy gets boost from wartime grain shipments

North American markets recovered from their early morning losses Monday to close in positive territory in spite of falling crude oil prices.
Source: ctv business
Canada’s main stock index down nearly 100 points in late-morning trading

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts.
Source: ctv business
CMHC reports annual pace of housing starts up 1.1 per cent in July

The next time the Bank of Canada raises interest rates on the scheduled date of September 7, 2022, it could potentially trigger a recession. Although there may be a chance that we don’t enter into a recession and the BoC is still hoping for a soft landing, it’s best to be prepared. Contributor Christopher Liew explains how.
Source: ctv business
Economists are forecasting a recession in Canada, how should you prepare?

With inflation on the rise and central banks poised to increase rates, CTVNews.ca speaks with experts on whether Canada will experience a recession, and if so, what it would look like.
Source: ctv business
Economists predict a ‘mild recession,’ but what would that look like in Canada?

The top executive at Pfizer, a leading producer of COVID-19 vaccines, has tested positive for the virus and says he is experiencing very mild symptoms.
Source: ctv business
Pfizer CEO tests positive for COVID-19, has mild symptoms