Direct Loan Canada Blog

On CTVNews.ca, chief financial commentator Pattie Lovett-Reid explains why Canadians’ borrowing patterns are on the rebound, inching closer to pre-pandemic levels.
Source: ctv business
Pattie Lovett-Reid: Let the borrowing begin – responsibly

A lawyer for Purdue Pharma said Monday that a judge needs to accept the OxyContin maker’s plan to settle thousands of lawsuits over the opioid epidemic or face years of complicated litigation that would not result in fair payouts to abate the epidemic or pay individual victims.
Source: ctv business
OxyContin maker’s lawyer warns of long, expensive litigation

Trillium Therapeutics Inc. has signed a deal to be bought by Pfizer Inc. in an agreement valued at US$2.26 billion.
Source: ctv business
Pfizer signs deal to buy Trillium Therapeutics for US.26 billion

The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday shoppers.
Source: ctv business
The shipping crisis is getting worse. Here’s what that means for holiday shopping

The U.S. government watchdog found multiple problems with the construction, manufacture and design of the Keystone XL pipeline, validating President Joe Biden’s decision to revoke its permit, leaders of several House Democratic committees said on Monday.
Source: ctv business
GAO report finds multiple problems with Keystone pipeline

Canadians paid down a record amount of non-mortgage debt in the first year of the pandemic to create the first year-over-year declines for the category in nearly three decades, Statistics Canada said Monday.
Source: ctv business
Canadians paid down record amount of debt amid pandemic, StatCan says

Canadians with the lowest credit ratings repaid the most credit card debt in the first year of the pandemic as part of a wave of non-mortgage debt repayments, Statistics Canada said Monday.
Source: ctv business
Canadians with lowest credit scores led wave of pandemic credit card debt repayment

China’s microblogging platform Sina Weibo on Monday closed 145 accounts, some of which had defended pop star Kris Wu over his rape allegations, for publishing what it called ‘information harmful for maintaining social order.’
Source: ctv business
China’s Weibo shuts accounts defending Kris Wu allegations

What are the major parties offering to those Canadians who are looking to buy homes? Chief financial commentator Pattie Lovett-Reid delves into housing platforms on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: What the parties are promising for homebuyers

Gains in the energy sector helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets also climbed higher.
Source: ctv business
Energy helps lift S&P/TSX composite higher as oil climbs, U.S. markets also rise