Direct Loan Canada Blog

Retail sales edged higher in February as Canadians went shopping for new clothes and spent more filling up at the gas pumps.
Source: ctv business
Statistics Canada says retail sales edged up 0.1 per cent in February

The Boring Company, Elon Musk’s bid to beat traffic by putting Teslas in tunnels, has raised US$675 million, which it plans to use to build more of its Loop projects.
Source: ctv business
Elon Musk’s The Boring Company now valued at nearly US.7 billion

The start of the recreational marijuana market in New Jersey comes a week after Democratic Gov. Phil Murphy announced that state regulators had cleared the way for recreational sales at seven ‘alternative treatment centres’ that had already offered medical cannabis. The seven centres operate 13 facilities across the state.
Source: ctv business
‘Amazing’: Cannabis sales in New Jersey bring excited buyers

French prosecutors have issued an international arrest warrant for disgraced auto tycoon Carlos Ghosn, who fled Japan in 2019 for Lebanon in a gripping escape.
Source: ctv business
France issues arrest warrant for disgraced auto tycoon Ghosn

Stocks are tumbling on Friday as the sharp, recent surge for interest rates keeps weighing on Wall Street. Some disappointing profit reports from companies also shook what’s been the market’s main pillar of support.
Source: ctv business
Stocks fall sharply as Wall Street nears third losing week

Canada’s main stock index suffered its worst two-day slump in nearly two years as a more aggressive tone about interest rate hikes from central banks wreaked havoc across North American markets.
Source: ctv business
Aggressive tone from central banks sends TSX to biggest two-day drop since 2020

Starbucks workers at the coffee giant’s flagship roastery in Seattle voted Thursday to form a union, the chain’s latest location to form a collective bargaining unit.
Source: ctv business
Workers unionize at flagship Seattle Starbucks roastery

Amid an ongoing regulatory probe of Flair Airlines, CEO Stephen Jones says the budget carrier has rejigged its governance structure to align with Canadian ownership rules — but that its ‘significant’ debt to an American investor remains a concern.
Source: ctv business
CEO says Flair has resolved foreign ownership issue — mostly — amid regulatory probe

Rapidly rising food prices in Canada are shaping grocery shopping habits and buying patterns as consumers increasingly seek out deals and favour discount retailers, the head of Metro Inc. said Thursday.
Source: ctv business
High food costs shaping grocery shopping habits and buying patterns, Metro CEO says

Canada Mortgage and Housing Corp. says it expects home sales and the pace of price growth for them will remain elevated this year, but ease from their highs of 2021.
Source: ctv business
CMHC expects home sales and price growth to remain elevated, but ease from highs