Direct Loan Canada Blog

The annual pace of housing starts in September fell compared with August as they continued to slow from their highs reached earlier this year.
Source: ctv business
CMHC says annual pace of housing starts in Canada slowed in September

Consumers and businesses expect increases in the cost of living to stay hot over the next year, the Bank of Canada says as part of surveys results that also show people more willing to search for new jobs, and businesses willing to pay more for workers.
Source: ctv business
Businesses see higher inflation, wages and job changes, Bank of Canada reports

China’s economic growth is sinking under pressure from a construction slowdown and power shortages, prompting warnings about a possible shock to its trading partners and global financial markets.
Source: ctv business
China’s economic growth weakens amid construction slowdown

Facebook said it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform that promises to connect people virtually but could raise concerns about privacy and the social platform gaining more control over people’s online lives.
Source: ctv business
Facebook plans to hire 10,000 in Europe to build ‘metaverse’

The Canada Emergency Rent Subsidy and the Canada Emergency Wage Subsidy are set to expire on Oct. 23.
Source: ctv business
COVID-19 pandemic benefits set to expire this week for Canadian businesses and individuals

A day after Stellantis announced it would be cutting the Windsor Assembly plant to one shift next spring — eliminating about 1,800 jobs — workers say they are in shock.
Source: ctv business
Workers shocked as hundreds of jobs to be cut at Windsor Assembly

An Apple employee who led organizing efforts against harassment and discrimination within the company said she has been fired.
Source: ctv business
Apple employee who led anti-harassment organizing effort says she was fired

Stellantis says it is cutting its Windsor Assembly Plant down to one shift next spring in a move that will mean about 1,800 lost jobs.
Source: ctv business
Stellantis cutting 1,800 jobs at Windsor Assembly Plant

An Ontario couple sued because they wrote a bad online review about a window company have been awarded more than $166,000 after a judge found they were bullied over it.
Source: ctv business
Ontario couple ‘bullied’ by window company over bad reviews awarded 6,000

Canada’s Big Six banks have together announced that they will join the Net-Zero Banking Alliance ahead of the UN climate summit set to start in Glasgow at the end of the month.
Source: ctv business
Big Six banks join Mark Carney-led Net-Zero Banking Alliance