Direct Loan Canada Blog

Canadian retailers expect the competition for workers to heat up over the next 12 months as the country’s jobless rate hits record lows.
Source: ctv business
Deloitte survey finds competition for workers among top issues for retailers in 2022

Thousands of sellers on the popular global marketplace Etsy have thrown their support behind an online strike to protest what they describe as unfair and costly changes to the platform.
Source: ctv business
Etsy sellers stage one-week strike to protest fee increase

Thousands of sellers on the popular global marketplace Etsy have thrown their support behind an online strike to protest what they describe as unfair and costly changes to the platform.
Source: ctv business
Thousands of Etsy sellers strike over increased fees

The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase to put Canadians with variable rate mortgages on edge and keep some prospective homebuyers on the sidelines.
Source: ctv business
Canadians with mortgages brace for big Bank of Canada rate hike

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
Source: ctv business
U.S. inflation jumped 8.5 per cent in past year, highest since 1981

Finance giants are adopting different approaches to work from home practices, with some requiring 5 days a week in the office with many offering a hybrid system.
Source: ctv business
Wall Street is battling to determine the future of work from home

The Canada Pension Plan Investment Board and Tata Realty and Infrastructure Ltd. have announced a joint venture to develop and own commercial office space in India.
Source: ctv business
CPP Investments and Tata Realty and Infrastructure form joint venture in India

New data from Statistics Canada shows multiple-property owners held between 29 and 41 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick in 2019 and 2020.
Source: ctv business
Multiple-property holders own upwards of 41 per cent of housing in some provinces: StatCan

Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country’s ability to build super-fast 5G networks.
Source: ctv business
Nokia and Ericsson halt new business in Russia. Is Huawei next?

Sri Lanka is suspending its repayment of foreign debt, including bonds and government-to-government borrowings, pending the completion of a loan restructuring program with the International Monetary Fund to deal with the island nation’s worst economic crisis in decades, the government said Tuesday.
Source: ctv business
Sri Lanka halts debt repayment pending IMF bailout plan