Direct Loan Canada Blog

Statistics Canada says mortgage borrowing hit a record in the second quarter as the amount Canadians owe relative to their income climbed higher.
Source: ctv business
Mortgage borrowing hits record in the second quarter, Statistics Canada says

Canada’s economy added 90,000 jobs in August, the third consecutive monthly increase, Statistics Canada reported Friday.
Source: ctv business
Economy added 90,000 jobs in August, Statistics Canada reports

Roots Corp. reported a second-quarter loss of $1.2 million compared with a loss of $1.8 million in the same quarter last year as its sales edged higher.
Source: ctv business
Retailer Roots reports .2M second-quarter loss, sales up from year ago

Canada’s main stock index was down in late-morning trading as the telecommunication and financial sectors fell, while U.S. stock markets also moved lower.
Source: ctv business
S&P/TSX composite down in late-morning trading, U.S. stock markets also retreat

North American stock markets fell to end a losing week as mounting concerns over the global economy gave investors pause.
Source: ctv business
North American stock markets fall to end losing week amid mounting concerns

Bank of Canada governor Tiff Macklem says the central bank plans to increase interest rates before it reduces the size of its government bond holdings, although its timing on the rate hike will depend on the economic recovery.
Source: ctv business
Bank of Canada plans to raise interest rate before moving to reduce bond holdings

Former Volkswagen CEO Martin Winterkorn’s trial on fraud charges in connection with the automaker’s diesel emissions scandal has been delayed because of health problems, a German court said Thursday.
Source: ctv business
Germany: Fraud trial of ex-VW boss delayed by health issues

Dollarama reported a second-quarter profit of $146.2 million, up from a profit of $142.5 million in the same quarter last year.
Source: ctv business
Dollarama reports 6.2M Q2 profit, up from 2.5M a year ago

World shares were lower Thursday after a Federal Reserve report showing U.S. economic activity slowed this summer dimmed sentiment in many markets.
Source: ctv business
World shares slip as Fed signals ‘downshift’ in economy

Lululemon Athletica Inc. boosted its guidance after handily beating expectations in its latest quarter with profits more than doubling on a 61 per cent increase in sales.
Source: ctv business
Lululemon boosts guidance after stellar second-quarter results surpass expectations