Direct Loan Canada Blog

Canada’s main stock index was down nearly 100 points in late-morning trading as the price of oil fell and the energy and base metal sectors pulled back. The S&P/TSX composite index dropped 94.96 points to 20,084.85.
Source: ctv business
Canada’s main stock index down nearly 100 points, U.S. markets also in the red

The government of Alberta is looking to draw skilled workers from Toronto and Vancouver to the province and launched its recruitment campaign Monday morning.
Source: ctv business
Alberta looks to poach skilled workers from Vancouver, Toronto

Statistics Canada says manufacturing sales fell 0.8 per cent to $71.8 billion in June as the petroleum and coal product sector helped lead the way down.
Source: ctv business
Manufacturing sales down 0.8 per cent in June: StatCan

Canada’s average resale home price fell 4.5% from a year ago in July and was down 5.4% on the month as buyers continued to sit on the sidelines amid rising borrowing costs.
Source: ctv business
Canadian home sales fall for 5th month in a row, down 29 per cent from last July

Home Capital Group Inc. says it has received an unsolicited, non-binding and conditional takeover offer which its board has decided is not in the best interests of the company or its shareholders.
Source: ctv business
Home Capital rejects unsolicited, non-binding and conditional takeover offer

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62.
Source: ctv business
Veteran Indian investor Rakesh Jhunjhunwala dies at 62

One of the best-performing sectors during the pandemic, the technology sector is now facing a challenging time as a reversal in fortunes has companies tightening their belts.
Source: ctv business
Experts weigh in on what tech companies can do to grow amid downturn

German businesses and public institutions should heat their offices no higher than 19 C this winter to help reduce the country’s consumption of natural gas, Germany’s economy minister said Saturday.
Source: ctv business
Germany urged to cap heat in offices this winter to save gas

Thousands of U.K. train drivers walked off the job Saturday in a strike over jobs, pay and conditions, scuppering services across much of the country. The action was the latest in a spreading series of strikes by British workers seeking substantial raises to offset soaring prices for food and fuel.
Source: ctv business
Driver walkout halts trains as U.K. summer strike wave spreads

Peloton is laying off employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash.
Source: ctv business
Peloton cuts jobs, raises prices in bid for profitability