Direct Loan Canada Blog

Pembina Pipeline Corp. has signed a deal to buy Inter Pipeline Ltd. for $8.3 billion in stock.
Source: ctv business
Pembina Pipeline signs deal to buy Inter Pipeline for .3B in stock

The Canadian economy grew at an annual rate of 5.6 per cent in the first quarter of the year before falling back in April, leaving experts looking forward to summer and hopes for household spending to ignite a sharp rebound.
Source: ctv business
Stronger growth expected in rest of 2021 after economy grows 5.6 per cent in first quarter

Scotiabank topped expectations as it reported its second-quarter profit nearly doubled compared with a year ago.
Source: ctv business
Scotiabank reports .5B second-quarter profit, beats expectations

New mortgage ‘stress test’ rules are coming into effect on June 1 and some say it could lead to a cooler Canadian housing market.
Source: ctv business
New Canadian mortgage ‘stress test’ rules take effect June 1

Air Canada’s top executives and eligible management received $10 million worth of COVID-19-specific bonuses, as well as special share purchase options to offset base salary cuts over the last year, CTV News has confirmed.
Source: ctv business
Air Canada gave out M in bonuses amid bailout negotiations with Ottawa

The lowest paid workers in B.C. will get a wage boost this week and the province’s separate minimum for liquor servers will come to an end.
Source: ctv business
Minimum wage boost: B.C.’s lowest paid workers, liquor servers to get pay increase

The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds. Most worrisome: the lack of vaccines in poorer nations, which could lead to new virus variants and more stop-and-go lockdowns.
Source: ctv business
Forecast: Global economy rebounding, faces multiple threats

Canada’s economy could be in for a significant rebound this year, according to an upgraded outlook from the Organization for Economic Co-operation and Development.
Source: ctv business
OECD raises outlook for Canadian economic growth this year

Canada’s main stock index edged lower in late-morning trading amid weakness in the financial and health care sectors.
Source: ctv business
S&P/TSX composite down in late-morning trading with U.S. markets closed for holiday

A new survey suggests Canadians are in no rush to head back to the office, even as COVID-19 cases and deaths decline across the country.
Source: ctv business
Survey shows only 20 per cent of workers want to return to office full-time post-COVID-19