Direct Loan Canada Blog

Stocks on Wall Street gave up early gains and are falling in afternoon trading Monday as investors face another busy week of corporate earnings reports and economic updates.
Source: ctv business
Stocks waver in August start after best month since 2020

The savings accounts of Canadians have sprung a leak. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because interest rates for savings accounts, still largely languishing at around one per cent, haven’t kept up.
Source: ctv business
Savings are slowly dripping away as deposit interest lags far behind inflation

While a recent proposed settlement involving the Tim Hortons app may have raised the public’s awareness around privacy protections, consumers are left having to look after themselves, one tech expert says.
Source: ctv business
‘If you’re not paying for that product, you are the product’: What’s next after Tim Hortons’ proposed settlement?

Pilots with Germany’s Lufthansa have voted in favour of possible strike action, a union announced Sunday, saying that walkouts can still be avoided but calling the result an ‘unmistakable signal’ to the company in a pay dispute.
Source: ctv business
Pilots with Germany’s Lufthansa back possible strike action

A new study suggests that downtown Toronto’s economic recovery is lagging behind other urban centres and one of its authors says that it has now become clear that ‘we are not going back to normal.’
Source: ctv business
Toronto is lagging behind other cities when it comes to the return of workers downtown. Will things ever get back to normal?

Chinese manufacturing’s recovery from anti-virus shutdowns faltered in July as activity sank, a survey showed Sunday, adding to pressure on the struggling economy in a politically sensitive year when President Xi Jinping is expected to try to extend his time in power.
Source: ctv business
Chinese factory activity sinks, weighing on weak economy

The fifth-largest largest commercial bank in the U.S. was fined by the Consumer Financial Protection Bureau for illegally accessing consumer credit reports and opening accounts without their permission.
Source: ctv business
U.S. Bank fined for opening ‘sham’ accounts for customers

Boeing has cleared a key hurdle with federal regulators and could soon resume deliveries of its large 787 airliner, which has been plagued by a series of production issues since late 2020, a person familiar with the matter said Saturday.
Source: ctv business
FAA clears Boeing to resume delivery of 787 Dreamliners

Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.
Source: ctv business
Sri Lanka leader says IMF agreement pushed back after unrest

Russia’s state-owned natural gas corporation said Saturday it has halted shipments to Latvia because of contract violations.
Source: ctv business
Russian energy corporation Gazprom cuts off gas to Latvia