Direct Loan Canada Blog

Wall Street pointed toward a lower open Monday after European and Asian markets fell sharply as worries over interest rate hikes dominated an array of investor concerns.
Source: ctv business
S&P/TSX composite down more than 400 points, U.S. stock markets also down

A case of avian influenza has been found in a commercial poultry flock in Manitoba.
Source: ctv business
Avian influenza case found in commercial poultry flock in Manitoba

Dozens of flights were cancelled or delayed Saturday at Amsterdam’s Schiphol Airport as a group of KLM baggage handlers went on strike on one of the busiest days of the year at the major aviation hub to protest working conditions and staff shortages.
Source: ctv business
Many flights cancelled at Amsterdam’s airport due to strike

Federal labour officials have asked a U.S. judge to force Starbucks Corp. to reinstate three union activists at its Phoenix location, alleging that the coffee giant engaged in unfair labour practices, documents show.
Source: ctv business
Starbucks engaged in unfair labour practices in Phoenix: U.S. feds

American Airlines is disputing a $100,000 fine assessed by Transport Canada for allowing passengers who didn’t produce negative COVID-19 tests to board a flight to Calgary last summer.
Source: ctv business
American Airlines disputes 0K fine for flying passengers without negative COVID tests into Canada

Teachers who took advantage of a new federal tax credit that helps with the cost of school supplies are being warned of delays with their tax returns as the proposed legislation crawls through Parliament.
Source: ctv business
Some teachers expecting tax return delays as they await government action on bill with new credit

Rising interest rates will likely trigger a “modest price correction” in Canadian real estate next year, with B.C. and Ontario seeing the biggest drops, according to a new housing forecast.
Source: ctv business
B.C. homes prices forecast to dip 3.8% next year following interest rate hikes

With Canada’s annual inflation reaching its highest point in more than 30 years, interest rates could rise faster and higher, making mortgages and bank loans more costly. Credit cards, however, are generally not expected to be impacted by rate hikes.
Source: ctv business
Bank of Canada rate hike not expected to impact credit card interest rates, expert says

The province is hoping a $63 million boost to Travel Alberta’s budget will help accelerate the tourism industry’s recovery.
Source: ctv business
UCP announces M boost for Travel Alberta to aid tourism industry

Of 441,599 Canada Emergency Response Benefit recipients who in late 2020 received a letter from the Canada Revenue Agency questioning their eligibility and warning they may owe back some of the payments, the Canadian Press has found a disproportionate number landed in postal codes home to First Nations.
Source: ctv business
Government data suggests First Nations hit more often with CERB repayment letters