Direct Loan Canada Blog

The economy bounced back sharply in the third quarter of the year after taking a walloping in the preceding three-month stretch, in a demonstration of what may be in store as COVID-19 concerns wane and Canadians start spending anew.
Source: ctv business
Economy, consumer spending bounces back in Q3 as new variant stirs concerns

Stocks fell further on Wall Street Tuesday as the Federal Reserve considers hastening its plan to ease support the economy even as investors worry about the impact of a new coronavirus variant.
Source: ctv business
Stock losses deepen after U.S. Fed hints at faster aid pullback

Trans Mountain said on Monday it was ‘still days away; from restarting the key oil pipeline at a reduced capacity as heavy rains continue to impede restoration efforts.
Source: ctv business
Trans Mountain still ‘days away’ from restarting pipeline

Canada’s big banks are expected to roll out significant dividend increases as they release earnings this week.
Source: ctv business
Wave of dividend increases and share buybacks expected as banks report this week

As global markets fell last week on news of the new Omicron coronavirus variant, one cryptocurrency with the same name soared after the Greek letter entered the investor lexicon.
Source: ctv business
‘Omicron’ the cryptocurrency rides new variant rollercoaster

Twitter Inc Chief Executive Officer Jack Dorsey is stepping down from his role and Chief Technology Officer Parag Agrawal will now lead the company, the social networking site announced on Monday.
Source: ctv business
Twitter CEO Jack Dorsey hands reins to technology chief Agrawal

Wall Street is steadying itself Monday from last week’s slide caused by the newest coronavirus variant, as investors wait for more clues about just how much damage it may do to the economy.
Source: ctv business
Wall Street steadies following Omicron slide; stocks rise

From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fuelled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide.
Source: ctv business
Food, gas prices pinch families as inflation surges globally

Nissan said Monday it is investing 2 trillion yen (US$17.6 billion) over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup.
Source: ctv business
Nissan investing in electric vehicles, battery development

Faced with rising competition from startups, higher expectations from consumers and the increased digital demands of COVID-19, experts say Canada’s banks are speeding up a monumental shift of operations to the cloud from legacy computer systems.
Source: ctv business
Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption