Direct Loan Canada Blog

The Bank of Canada says the domestic economy will grow at a slightly slower pace this year than it previously thought and expects the risks from COVID-19 to wane – but not enough to change its trendsetting policy rate.
Source: ctv business
Bank of Canada cuts growth forecast for 2021, holds key interest rate

As vaccination rates increase and employers ramp up inviting workers back to the office, Plexiglas barriers, empty meeting rooms and separated workspaces for unvaccinated employees are some of the health measures that may be commonplace at offices across Canada.
Source: ctv business
Returning to the workplace? Your office might look a little bit different

Boeing says it will cut its 787 production rate as it works through a new production-related structural defect in its troubled twin-aisle airliner program.
Source: ctv business
Boeing cuts 787 production as new structural problem discovered

PepsiCo Inc raised its full-year earnings forecast on Tuesday, betting on surging demand for its sodas as pandemic-weary people flock to theatres, restaurants and stadiums after being stuck at home for more than a year.
Source: ctv business
PepsiCo raises profit forecast as soda demand jumps, plans price increases

Gains in the technology sector helped lift Canada’s main stock index higher in late-morning trading, while the loonie fell below 80 cents U.S.
Source: ctv business
Tech sector helps lift S&P/TSX composite higher in late-morning trading, loonie down

Canada’s main stock index rebounded on gains in materials and energy sectors while U.S. markets edged lower as consumer prices rose most in 13 years in June.
Source: ctv business
Canada’s main stock index gets lift from gold, crude

The Bank of Canada has an interest rate announcement on Wednesday and all Canadians should be listening closely, explains Chief Financial Commentator Pattie Lovett-Reid in her latest blog on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: Why you should pay attention to the Bank of Canada’s interest rate announcement

China’s exports surged in June while import growth slowed to a still-robust level as its economic rebound from the coronavirus leveled off.
Source: ctv business
China’s June exports surge 32 per cent, import growth slows

A Toronto woman says her family is out thousands of dollars worth of clothes after her dry cleaner never reopened alongside the rest of the province.
Source: ctv business
Toronto family out thousands of dollars worth of clothes after dry cleaner never reopens

A new report from RBC Economics says it expects a renewed surge of retirements in the second half of this year as Canada works to get past the pandemic.
Source: ctv business
Retirement levels expected to surge after pandemic-era slump: RBC report