Direct Loan Canada Blog

Community leaders are calling for federal support to increase security and promote tourism for hard-hit Chinatowns across Canada, after a spike in anti-Asian hatred during the pandemic.
Source: ctv business
‘We need to support our Chinatowns’: Urgent calls for feds to revitalize hard-hit areas

Canadian household spending will eclipse earnings in the coming months as vaccinations increase and uncertainty from the pandemic recedes, The Bank of Canada said in a report released Monday.
Source: ctv business
Households expect return to pre-pandemic spending within a year, Bank of Canada says

Lockdowns enacted by Canadian provinces to quell the spread of COVID-19 hampered Aphria Inc.’s third quarter.
Source: ctv business
Cannabis company Aphria reports Q3 loss, revenue up from year ago mark

Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about US$16 billion.
Source: ctv business
Microsoft buying speech recognition firm Nuance in USB deal

Chinese telecommunications equipment firm Huawei said Monday that it has reached an agreement with HSBC in Hong Kong to obtain documents that its chief financial office Meng Wanzhou hopes will help prevent her extradition to the U.S.
Source: ctv business
Huawei, HSBC agree on document deal for extradition case

Canada’s second-largest grocery retailer is reinstating a lockdown bonus for workers in areas with renewed stay-at-home orders.
Source: ctv business
‘The right thing to do:’ Sobeys reinstates lockdown bonus for front-line workers

Levels of both employment and savings are strong, yet 36 per cent of non-homeowners under the age of 40 have given up on owning a home. And what is worse: 62 per cent of Canadians say that most people will be priced out of the housing market in the next decade, according to the RBC Spring Housing Poll. CTV News’ Chief Financial Commentator Pattie Lovett-Reid takes a closer look in her column on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: Housing affordability is rapidly becoming a personal and political issue

Stocks edged lower in morning trading Monday after the market hit record highs last week. Investors are continuing to focus on the economic recovery as well as concerns about inflation and rising bond yields.
Source: ctv business
U.S. stocks edge lower, pulling back from record high

A number of growing companies are searching for new offices even as the pandemic has forced closures and downsizing elsewhere. Some businesses are shifting to larger offices months or years, simply because market conditions are so favourable.
Source: ctv business
Increased office vacancies offer chance for growing companies to expand

Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday that an uneven vaccine distribution would derail the region’s rebound, as the prospects of rich and poor countries diverge.
Source: ctv business
IMF: Vaccine inequity threatens Mideast’s economic recovery