Direct Loan Canada Blog

Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.
Source: ctv business
Nearly 1 in 4 homeowners would have to sell if interest rates rise more, survey finds

Fears about a possible recession are pounding markets Monday, and Wall Street’s S&P 500 tumbled into the maw of what’s known as a bear market after sinking more than 20% below its record set early this year.
Source: ctv business
Markets tumble worldwide, bear market growls on Wall Street

As fuel prices set new record highs this weekend, taxi and ride share drivers have seen their fares rise as well in recent months as boards and companies approve increased rates and add temporary surcharges.
Source: ctv business
Rising rates and new surcharges: How high gas prices are affecting cabs and ride share

Move over Maverick, the dinosaurs have arrived to claim their throne. ‘Jurassic World: Dominion’ took a mighty bite out of the box office with $143.4 million in North American ticket sales, according to studio estimates Sunday.
Source: ctv business
With ‘Jurassic World 3,’ dinosaurs rule again at box office

The head of the World Trade Organization predicted a ‘bumpy and rocky’ road as the trade body opened its highest-level meeting in 4.5 years Sunday, with issues like pandemic preparedness, food insecurity against the backdrop of Russia’s war in Ukraine and overfishing of the world’s seas on the agenda.
Source: ctv business
WTO chief sees ‘bumpy’ road as ministers work to reach deals

Three months after McDonald’s suspended operations in Russia, hundreds of people streamed into its famous former outlet on Moscow’s Pushkin Square as the restaurant reopened Sunday under a Russian owner and a new name.
Source: ctv business
Russian-owned successor of McDonald’s opens in Moscow

Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said.
Source: ctv business
Sri Lanka PM says he’s open to Russian oil

The pain at the pump continues as gas prices reached record levels on Saturday around the major cities in Ontario and Quebec.
Source: ctv business
‘Difficult for drivers’: Gas prices set records in Ontario, Quebec

As the Bank of Canada continues to hike rates in order to curb inflation, housing prices in Canada could fall 15 per cent from its peak by the end of next year, a new report from Desjardins says.
Source: ctv business
Housing prices in Canada could fall 15 per cent by Dec. 2023 after Bank of Canada rate hikes: report

Loretta Rogers, the matriarch of the Rogers family and long-time director at telecom giant Rogers Communications Inc., has died at the age of 83.
Source: ctv business
Loretta Rogers, director and matriarch of Rogers Communications Inc., dies at 83