Direct Loan Canada Blog

Canadians are bracing for the outcome of a railway stoppage, from a hit to their pocketbooks to a shortage of products.
Source: ctv business
From meat to car and gas shortages, here’s how rail work stoppages may impact Canadians

The chief executive of SkipTheDishes says hundreds of Canadian employees are being laid off by the food delivery service and its parent company.
Source: ctv business
SkipTheDishes and Just Eat cut 800 jobs Canada amid restructure

More than 32,000 rail commuters across the country will have to find new routes to work if there is a work stoppage at Canadian Pacific Kansas City Ltd. this week.
Source: ctv business
Rail strike would affect more than 32,000 commuters in Canada’s three biggest cities

Walt Disney Co. on Monday agreed to have a court decide on a wrongful death lawsuit, brought by a widower in Florida, after earlier arguing the case belonged in arbitration because the man signed up for a trial of streaming service Disney+ in 2019.
Source: ctv business
Disney drops argument wrongful-death lawsuit shouldn’t go to court because of Disney+ trial

The minimum income needed to buy a home in Canada lowered in July, according to a new report that cites dropping mortgage rates and lowering average home prices.
Source: ctv business
How much do you need to earn to buy a home? Canadian minimum income lowered last month

Canada’s annual inflation rate fell to 2.5 per cent last month, matching economists’ forecasts and solidifying expectations for another interest rate cut in September.
Source: ctv business
Canada’s inflation rate falls to 2.5%, paving way for another interest rate cut

While interest rates have started to come down, borrowers, and lenders, are still feeling the strain. Just how much stress they’re under will be a main focus for analysts as the big banks gear up to report third-quarter results.
Source: ctv business
Borrower stress in focus as banks set to report third-quarter results

Statistics Canada says the median family after-tax income in 2022 fell compared with 2021, after adjustment for inflation, with young people being the hardest hit.
Source: ctv business
Canada’s median income after tax is down, latest statistics show

General Motors said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.
Source: ctv business
General Motors lays off over 1,000 salaried software, services employees

The Canadian Federation of Independent Business says a potential work stoppage at Canada’s major railways this week could be devastating for small businesses.
Source: ctv business
CFIB says work stoppage this week at CN and CPKC would hurt businesses