Direct Loan Canada Blog

Retail sales rose 3.6 per cent to $57.6 billion in March as COVID-19 restrictions relaxed in some parts of the country, but Statistics Canada said a preliminary estimate pointed to a drop in April as the rules were tightened again.
Source: ctv business
Retail sales rose 3.6 per cent in March, drop in April expected: StatCan

The proposed legislation passed Thursday applies to cruise ships travelling between Washington state and Alaska and gives them the green light to sail past B.C. ports without stopping.
Source: ctv business
‘We’ve been sounding the alarm’: U.S. cruise law puts B.C. economic impacts at risk, harbour authority says

A choppy run of trading had stock indexes mostly higher Friday afternoon, though the S&P 500 was headed for its second straight weekly loss.
Source: ctv business
U.S. stocks stall as benchmark S&P 500 heads for weekly loss

Canada’s main stock index headed into a long weekend by reaching another record high before ending weaker on Friday despite the energy sector rebounding from three days of declining crude oil prices.
Source: ctv business
S&P/TSX composite ends record week lower despite crude oil price rebound

Canadian undergarments company Knix Wear​ has raised $53 million in capital while pregnant with twins, all while refusing to work with any investors who had a problem with the CEO’s pregnancy.
Source: ctv business
Canadian company Knix Wear raises million while disqualifying investors who questioned CEO’s pregnancy

Canadian Pacific Railway Ltd. has told Kansas City Southern that it won’t raise its takeover bid and urged the U.S. railway to reject rival CN Rail’s US$33.6-billion offer that it claims won’t be approved by the U.S. regulator.
Source: ctv business
CP Rail urges KCS to reconsider support for CN but refuses to increase takeover offer

A French appeals court ruled Thursday that around 2,700 victims of a breast implant scandal are entitled to compensation. The court said that German company TUV Rheinland committed negligence by certifying them as safe.
Source: ctv business
French court: Faulty breast implant victims should get compensation

The Bank of Canada says its concerns are mounting that households are piling on too much debt and posing what the central bank says is a key vulnerability to the economy.
Source: ctv business
Bank of Canada warns of rising risks from household debt, and a hot housing market

Canadians looking to buy homes will face stiffer mortgage tests in a few days as the federal government and a national regulator tighten rules in the wake of new warnings from the central bank that households are piling on too much debt.
Source: ctv business
Mortgage stress tests set to tighten in wake of Bank of Canada warnings

Facing a pandemic-induced labour shortage, one sun-drenched Australian state on Thursday began offering a bundle of cash to anyone willing to ‘work in paradise.’
Source: ctv business
Labour-starved Australian state offers cash to ‘work in paradise’