Direct Loan Canada Blog

A rush of investors into Canada’s housing market has likely helped fuel the belief prices will keep rising and that could increase the chance of market correction, a deputy governor of the Bank of Canada said on Tuesday.
Source: ctv business
Canada’s housing market at higher risk of correction: BoC

A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.
Source: ctv business
Bank of Canada deputy says households may be more impacted by rise in interest rates

Children from many affluent families are receiving ‘significant funding’ from the ‘Bank of Mom and Dad’ for post-secondary education, a first home and new businesses, a study of high-net-worth households has found.
Source: ctv business
‘Bank of Mom and Dad’: Affluent families giving average of 5K for kids’ first home, report finds

A new report from Canada’s Semiconductor Council says the country needs to form a government-led consortium of chipbuyers by 2025 to overcome a global shortage crippling manufacturers and prevent further troubles.
Source: ctv business
New report recommends Canada form government-led consortium of semiconductor buyers

The federal government is promising to tackle the rising cost of living as it faces pressure to lay out a plan to help cool inflationary pressures.
Source: ctv business
With pressure growing to act, Liberals reference inflation worries in throne speech

Canadian National Railway Co. says it plans to restore “limited” service on washed-out tracks in southern British Columbia tomorrow after flooding and mudslides cut vital supply links.
Source: ctv business
CN railways to resume ‘limited service’ in southern B.C. Wednesday after mudslides

Kellogg Co said on Tuesday it plans to hire permanent replacements for some of its U.S. breakfast cereal plant workers who are on strike, after lengthy negotiations with the union again fell apart.
Source: ctv business
Kellogg plans to permanently replace some U.S. workers as strike enters eighth week

U.S. President Joe Biden on Tuesday ordered 50 million barrels of oil released from America’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including India, the United Kingdom and China.
Source: ctv business
Fighting gas prices, U.S. to release 50 million barrels of oil

Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros (US$225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules.
Source: ctv business
Italian competition watchdog fines Apple, Amazon US5M

Anti-vaxxers are targeting Chapman’s ice cream over the company’s COVID-19 vaccination policy, threatening members of the family-owned business.
Source: ctv business
Anti-vaxxers ‘boycotting’ Chapman’s ice cream