Direct Loan Canada Blog

Canadian auto sales surged nearly 52 per cent in the second quarter from a year ago to mark the second-best three-month period since the start of the pandemic.
Source: ctv business
Canadian auto sales surge nearly 52 per cent in Q2 after small increase in June

While cannabis plants can deal with heat, too much of it poses a threat to their health, and recent wildfires on the West Coast are threatening to wreak havoc on an already short growing season in Canada.
Source: ctv business
Cannabis farmers forced to react as heat, wildfires take their toll on crops

Tesla Inc on Friday posted record vehicle deliveries for the second quarter that were in line with Wall Street estimates as the electric-car maker coped with a shortage of chips and relied on sales of its cheaper models.
Source: ctv business
Tesla quarterly deliveries meet analysts’ estimates as chip shortage weighs

Air Canada is seeking the dismissal of the U.S. Department of Transportation’s US$25.5-million fine over the airline’s alleged failure to provide prompt refunds after cancelling flights amid the COVID-19 pandemic dismissed.
Source: ctv business
Air Canada seeks dismissal of US-million fine from U.S. over unpaid refunds

Canadian car shoppers hoping to buy a used vehicle ahead of a summer road trip can expect two things: Fewer options and higher prices.
Source: ctv business
‘Perfect storm’ of chip shortage, soaring demand pushes used car prices to new highs

Nearly 70 per cent of Canadian employers say they will hire more freelance or contract workers in the next two years.
Source: ctv business
Employers to hire more contract workers as economy emerges from pandemic: poll

Canada posted a merchandise trade deficit of $1.4 billion in May compared with a surplus in April as imports rose and exports fell.
Source: ctv business
Canada posts .4B trade deficit in May as imports rose and exports fell

In an encouraging burst of hiring, America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
Source: ctv business
U.S. adds a solid 850,000 jobs as economy extends its gains

President Vladimir Putin has signed a law that obliges foreign social media giants to open offices in Russia, a document published by the government on Thursday showed, the latest move by Moscow to exert greater control over Big Tech.
Source: ctv business
Putin signs law forcing foreign social media giants to open Russian offices

Gains in the industrials sector helped lead Canada’s main stock index higher in late-morning trading, while U.S. stock markets also climbed higher.
Source: ctv business
S&P/TSX composite up in late-morning trading, U.S. stock markets also rise