Direct Loan Canada Blog

With interest rates set to keep rising, the Bank of Canada is sounding the alarm on the risk record high house prices and an increasing number of households with high mortgage debt could have on the Canadian economy.
Source: ctv business
Bank of Canada sounds alarm on economic risk of high household debt amid soaring inflation

Canada’s main stock index posted a triple-digit decline in late-morning trading, as losses the base metal and energy sectors helped lead the way lower and U.S. stock markets also fell.
Source: ctv business
S&P/TSX composite down more than 100 points in late-morning trading

Shares were mostly lower in Asia on Thursday as investors watched for fresh signs of inflation and crude oil prices hovered above US$122 a barrel, adding to price pressures.
Source: ctv business
Asian shares fall as oil lingers above US0, yen sinks

A small Canadian study suggests that individuals who contact COVID-19 may experience cognitive failures that impact their performance at work, even after recovering from the initial illness.
Source: ctv business
How being infected with COVID-19 may impact your performance at work

Dollarama Inc. has reported a first-quarter profit of US$145.5 million, up from $113.6 million in the same quarter last year, as its sales rose 12.4 per cent compared with a year ago.
Source: ctv business
Dollarama reports 5.5M Q1 profit, up from 3.6M a year ago, sales up 12.4%

Russia and Turkey voiced support Wednesday for a safe corridor in the Black Sea to allow Ukrainian grain exports, but Kyiv rejected the proposal, saying it was not credible. The European Union accused Moscow of ‘weaponizing’ food supplies to gain an advantage in the war.
Source: ctv business
Russia, Turkey back plan to export grains; Ukraine doubtful

Russia’s war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year, the Organization for Economic Cooperation and Development said Wednesday.
Source: ctv business
OECD slashes global economic outlook on Russia-Ukraine war

Sri Lanka’s prime minister said Tuesday that the United Nations has arranged a worldwide appeal to help the island nation cope with critical shortages of food, fuel and medicines, but the projected funds barely scratch the surface of the US$6 billion it needs to stay afloat over the next six months.
Source: ctv business
Sri Lankan PM requests patience as UN calls for relief funds

Ukrainians who fled the Russian invasion of their country and arrived in Newfoundland are being asked to pay thousands of dollars for car insurance, and advocates say the high rates are complicating refugees’ efforts to settle in the province.
Source: ctv business
Ukrainian refugees in Newfoundland hit with car insurance rates five times provincial average

From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed ‘shrinkflation,’ and it’s accelerating worldwide.
Source: ctv business
Shrinkflation: Package sizes shrinking amid high inflation