Direct Loan Canada Blog

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than US$7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.
Source: ctv business
Musk gets USB backing for Twitter bid from tech heavyweights

DesRosiers Automotive Consultants says auto sales were down 13.3 per cent in April compared to the same month a year earlier when the semiconductor shortage first started to significantly hamper sales.
Source: ctv business
DesRosiers says Canadian auto sales dropped 13 per cent in April

Many people have left traditional finance careers in recent months to join the growing field of digital finance as funding and activity in the space, boosted by a spike in cryptocurrency prices during the pandemic, continues to ramp up.
Source: ctv business
More traditional finance professionals shifting to crypto as sector grows up

Canada’s biggest food retailer says people are shopping for groceries more often but buying less and shifting to discount stores as pandemic restrictions loosen and inflation soars.
Source: ctv business
Canadian shoppers shift to discount stores, No Name brand amid high inflation: Loblaw

Canada posted a $2.5-billion merchandise trade surplus for March as both imports and exports climbed to record highs, Statistics Canada said Wednesday.
Source: ctv business
Canada posts .5B trade surplus for March as imports and exports hit record highs

A judge in Fiji has ruled that U.S. authorities can seize a Russian-owned superyacht — but has put a hold on his order until at least Friday while defense lawyers mount a challenge.
Source: ctv business
Fiji says U.S. can seize Russian superyacht but not right away

The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions over the war in Ukraine.
Source: ctv business
EU takes major step toward Russian oil ban, new sanctions

Markets are holding relatively steady after the U.S. Federal Reserve’s widely anticipated decision to raise interest rates by double the usual amount in a bid to fight inflation.
Source: ctv business
Markets steady after U.S. Fed announces interest rate increase

Saskatchewan’s minimum wage will increase to $13 per hour as of Oct. 1, 2022 with a plan to reach $15 an hour by 2024.
Source: ctv business
Sask. minimum wage increasing to in October

The question of whether to save for retirement or pay down mortgage debt is one of the most-asked questions by homeowners with some additional cash flow, according to a wealth advisor in Toronto.
Source: ctv business
Mortgage or retirement savings? Where to get the most bang for your extra bucks