Direct Loan Canada Blog

Commercial real estate firm CBRE says for the second quarter in a row, the country’s suburban office vacancy level was lower than the rate seen for downtown regions.
Source: ctv business
Suburban office vacancy rate lower than those seen in downtowns: CBRE

European Commission chief Ursula von der Leyen said Wednesday that the 27-nation European Union needs to make emergency plans to prepare for a complete cut-off of Russian gas in the wake of the Kremlin’s war in Ukraine.
Source: ctv business
EU chief warns of danger of completely cutting off of Russian gas

The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced Wednesday. Only hours before his death, he’d met with Nigeria’s president and spoken in defence of the energy industry amid increasing climate change pressure.
Source: ctv business
OPEC secretary-general dies weeks shy of departure

Prices have been easing slightly recently, but affording a mortgage is still a very difficult task for many Canadians. How much of a mortgage can you afford? Contributor Christopher Liew breaks it down in an exclusive column for CTVNews.ca.
Source: ctv business
How much of a mortgage can I afford in Canada?

Canada’s main stock index was down more than 250 points in late-morning trading, led lower by losses in the energy sector as the price of oil fell, while U.S. stock markets also retreated.
Source: ctv business
S&P/TSX composite down more than 250 points as price of crude oil slides

For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors’ growing concerns about a U.S. recession that could crimp demand for oil.
Source: ctv business
Oil drops below 0 a barrel for first time since early May

A new report says Canada should replace its “haphazard and unpredictable” approach to minimum wages across the country with a clear formula based on average incomes.
Source: ctv business
Report recommends pegging minimum wages to average incomes, graduated scale for teens

The attorney general of Alberta will intervene in competition tribunal proceedings regarding the $26-billion merger between Rogers Communications Inc. and Shaw Communications Inc., according to a notice filed Monday.
Source: ctv business
Alberta to intervene in proceedings on Rogers-Shaw deal

British Airways said Tuesday it will cancel hundreds more summer flights, saying it was necessary after previously announced moves to cut back on scheduled flights proved insufficient to ease travel disruptions.
Source: ctv business
British Airways cancels hundreds more summer flights

Even though it may seem years away, saving for retirement is a top priority among 26 per cent of Canadians aged 18 to 34, a recent survey from the Healthcare of Ontario Pension Plan found. However, 79 per cent of respondents in that age group say saving for retirement is prohibitively expensive.
Source: ctv business
Saving for retirement is becoming out of reach for young Canadians