Direct Loan Canada Blog

The national real estate market’s cooling continued with home sales falling again in June, but the Canadian Real Estate Association said the decreases are smaller than those seen in previous months.
Source: ctv business
June home sales down 24 per cent from last year, 6 per cent since May: CREA

Top financial officials from the Group of 20 leading rich and developing nations met on the Indonesian island of Bali on Friday seeking strategies to counter the economic fallout from the war in Ukraine, inflation and other global crises.
Source: ctv business
G20 finance leaders in Bali to tackle Ukraine, inflation

Today is the deadline for Rogers Communications Inc., Shaw Communications Inc. and Quebecor Inc. to reach a definitive agreement on the sale of wireless carrier Freedom Mobile.
Source: ctv business
Deadline for Rogers, Shaw, Quebecor to reach definitive agreement on Freedom sale

U.S. prosecutors suspect a Wyoming company of potentially concealing problems with a pipeline that broke in 2015 and spilled more than 50,000 gallons (240,000 liters) of crude into Montana’s Yellowstone River, fouling a small city’s drinking water supply, court filings show.
Source: ctv business
U.S. Officials suggest pipeline company hid problems after oil spill

The Bank of Canada’s aggressive one per cent rate increase on Wednesday caught many by surprise and will likely have a considerable financial impact for many Canadians, says one economist.
Source: ctv business
BoC interest rate hike will have a ‘dramatic effect’ on Canadians, especially homeowners: economist

Tesla Inc on Thursday asked a U.S. court to dismiss a lawsuit claiming the electric car maker violated federal law by laying off hundreds of workers without advance notice.
Source: ctv business
Tesla moves to push lawsuit over mass layoffs out of court

In the midst of this chaotic season of travel, Australia-based aviation safety and product rating agency AirlineRatings.com has released its annual round-up of the world’s best airlines.
Source: ctv business
World’s best airlines for 2022 ranked

The International Monetary Fund said Thursday it had reached a preliminary agreement with Pakistan to revive a US$6 billion bailout package for this impoverished Islamic nation, which has been facing a serious economic crisis since last year.
Source: ctv business
IMF reaches deal with Pakistan to revive USB bailout

U.S. crypto lender Celsius Network said on Wednesday it had filed for bankruptcy in New York, becoming the latest victim in the cryptocurrency sector of a dramatic plunge in token prices.
Source: ctv business
Major crypto lender Celsius files for bankruptcy

New research says closing the employment gap for Indigenous youth in Atlantic Canada is key to easing the region’s acute labour shortage.
Source: ctv business
Closing employment gap for Indigenous youth key to addressing labour shortage: Study