Direct Loan Canada Blog

Canada’s main stock index was down in late-morning trading as the energy and base metals sectors moved lower, while U.S. stock markets were mixed.
Source: ctv business
S&P/TSX composite down in late-morning trading as energy and base metals fall

Royal Caribbean Group says it will delay the launch of its new cruise liner by nearly a month after eight crew members tested positive for COVID-19.
Source: ctv business
Royal Caribbean delays new cruise liner launch after crew tests positive for COVID-19

CBRE says it expects Canadian hotels will only recovery slightly from the COVID-19 pandemic this year as travel restrictions linger.
Source: ctv business
Canadian hotel occupancy to hit 38 per cent, average daily rate will reach 1 in 2021: CBRE

The European Union moved a step closer Wednesday to deploying the bloc’s massive pandemic recovery fund, with a top executive going to Portugal and Spain to announce the bloc’s initial endorsement of their national spending plans.
Source: ctv business
Let the recovery begin: EU chief OKs first virus plans

General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.
Source: ctv business
GM, Ford outdo each other with electric vehicle investments

A new report by Manulife Bank found that three out of four people who want to purchase a home simply can’t afford one, with one third of homeowners admitting they needed help from their parents for the purchase, writes CTV News’ Chief Financial Commentator Pattie Lovett-Reid.
Source: ctv business
Pattie Lovett-Reid: ‘Bank of Mom and Dad’ is still open for business, but should it be?

Statistics Canada says the consumer price index in May was up 3.6 per cent compared with a year ago, its largest yearly increase since May 2011.
Source: ctv business
Inflation sees largest year-over-year jump since 2011: StatCan

Stocks edged lower Wednesday as investors wait to hear from the Federal Reserve on issues related to the economy and inflation.
Source: ctv business
Stocks edge lower on Wall Street ahead of Fed decision

Oracle’s plan to buy the U.S. assets of Chinese-owned TikTok in a partnership with Walmart is dead now that Donald Trump is out of the White House. But investors don’t seem concerned: They’re still treating Oracle like it’s a red-hot social media stock instead of a boring database software company.
Source: ctv business
No TikTok deal is no problem for red-hot software giant Oracle

VerticalScope Holdings Inc. began trading on the Toronto Stock Exchange today after pricing its subordinate-voting shares at $22 per share.
Source: ctv business
VerticalScope Holdings debuts on Toronto Stock Exchange at per share