Direct Loan Canada Blog

Foreign investors are growing more worried that Canada’s federal election on Monday could result in a deadlock that hampers Ottawa’s response to the COVID-19 pandemic and further slows the economic recovery from the crisis.
Source: ctv business
Investors tense up as fears of post-election gridlock rise in Canada

Erika Cheung, a former Theranos lab worker turned whistleblower, testified Wednesday during the trial of founder Elizabeth Holmes about how she grew increasingly uncomfortable about the startup’s ability to accurately conduct blood tests on patients.
Source: ctv business
Former Theranos lab worker details concerns about company’s ability to conduct blood tests

U.S. President Joe Biden met Wednesday with the CEOs of Walt Disney and Columbia Sportswear, and other business executives and leaders, to discuss his recently announced vaccine requirement for companies that employ at least 100 people.
Source: ctv business
Biden, CEOs, biz leaders meet on COVID-19 vaccine mandates

Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth.
Source: ctv business
DIY-ers benefit from lower prices in aftermath of lumber price correction

WestJet has named Harry Taylor its interim president and chief executive.
Source: ctv business
WestJet names CFO interim chief executive as search for permanent replacement ongoing

Tight supply conditions and increasing home prices pushed the Canadian Real Estate Association to forecast the country will wrap the year with fewer home sales than it previously predicted.
Source: ctv business
CREA lowers home sales forecast, but nudges average price higher

Wages are expected to go up in Canada next year, but workers are unlikely to get a real pay raise as inflation risks eroding salary gains, according to a new survey and data.
Source: ctv business
Salaries expected to go up, but real wages of Canadian workers could edge down after inflation

Canadian Pacific Railway Ltd. says it has reached a deal to acquire KCS for approximately US$31 billion, after Canadian National Railway Co. dropped its rival takeover offer for the U.S. railway.
Source: ctv business
CN drops bid for Kansas City Southern; CP to acquire U.S. railway in USB deal

Prices for furniture, gasoline, food, cars and more leaped higher in August compared with the same month a year earlier as the consumer price index hit a near two-decade high.
Source: ctv business
Rising gas, furniture, car prices drive inflation rate to highest since 2003

Stocks were modestly higher in morning trading Wednesday, helped by higher energy prices which in turn is pushing energy companies higher.
Source: ctv business
Energy companies help lead stocks higher on Wall Street