Direct Loan Canada Blog

Canadian apparel brand Knix Wear Inc., maker of leakproof underwear for periods and incontinence, has a new majority shareholder.
Source: ctv business
Knix leakproof apparel maker sells majority stake to Swedish company

Canada is experiencing a rate of inflation not seen since 1983, but not everyone is experiencing it in the same way, economist says, with those most impacted being people with lower incomes and households who spend a large portion of their budgets on necessities such as food and housing.
Source: ctv business
Seniors, low-income earners among those most impacted by rising inflation, economists say

Prince Harry won the first stage of a libel suit against the publisher of Britain’s Mail on Sunday newspaper as a judge ruled Friday that parts of a story about his fight for police protection in the U.K. were defamatory.
Source: ctv business
Prince Harry wins first stage in suit against U.K. tabloid

Rogers customers across Canada have been reporting mobile and internet outages since early Friday morning. Rogers apologized for the network issues and said efforts are being made to restore services.
Source: ctv business
Rogers apologizes for widespread network outage, says it’s trying to restore services

The Canadian economy lost 43,000 jobs in June, marking the first decline in employment since January. At the same time, the unemployment rate fell to another record low of 4.9 per cent in June, according to Statistics Canada’s monthly labour force survey.
Source: ctv business
Canadian economy lost 43K jobs in June, unemployment rate falls to 4.9 per cent

Strength in the technology sector helped Canada’s main stock index edge higher in late-morning trading, while U.S. stock markets also climbed higher.
Source: ctv business
Technology sector helps S&P/TSX composite edge higher, U.S. stock markets also rise

Via Rail says services across Canada could be suspended next week, after it received a 72-hour strike notice from the union representing approximately 2,400 of its employees.
Source: ctv business
Via Rail receives 72-hour strike notice, risk of Canada-wide service suspension

New rules came have come into effect in Canada that will affect bank accounts and credit cards.
Source: ctv business
New banking rules have come into effect in Canada. These are the important changes

The United States has agreed to lift tariffs on Canadian solar products after a trade dispute settlement panel sided with Ottawa earlier this year, Canadian Trade Minister Mary Ng said on Thursday.
Source: ctv business
U.S. to lift tariffs on Canadian solar products, minister says

Canada’s merchandise trade surplus grew to $5.3 billion in May, the largest trade surplus since August 2008, helped by higher energy prices and a dip in imports.
Source: ctv business
Statistics Canada reports .3B trade surplus for May, largest since August 2008