Direct Loan Canada Blog

Canada posted a merchandise trade surplus for a second consecutive month in February, the first time that’s happened since late 2016.
Source: ctv business
Canada posts trade surplus for second consecutive month in February

Stocks wobbled between small gains and losses in afternoon trading on Wall Street Wednesday, hovering around their their record highs as investors remain cautiously optimistic about the economic recovery.
Source: ctv business
Stocks wobble, hover near record highs in afternoon trading

The owner of a long-standing Vancouver restaurant is wondering why he is being told to pay the provincial vacancy tax.
Source: ctv business
Taxed on the air: Vancouver restaurant dinged by B.C.’s vacancy tax for open space above building

A southwest Nova Scotia lobster pound is facing charges of allegedly importing live lobster from the U.S. and exporting it to foreign markets as a ‘Product of Canada’.
Source: ctv business
N.S. based seafood plant charged with selling imported U.S. lobster as ‘Product of Canada’

A report by TD Bank suggests up to three-quarters of those working in the oil and gas sector could lose their jobs over the next three decades as Canada works toward its greenhouse gas emission targets.
Source: ctv business
Three-quarters of oil and gas sector could be displaced in move to cut emissions

The European Union has approved 4 billion euros in state aid for national carrier Air France as it struggles through the economic impact of the COVID-19 pandemic, a decision the French government welcomed as ‘good news.’
Source: ctv business
EU approves 4 billion euros in state aid to carrier Air France

An isolated First Nation community in Ontario on Tuesday said it opposes plans by Anglo American’s De Beers Group to build a new mine landfill on its traditional territory, citing threats to millenia-old cultural sites.
Source: ctv business
Canada First Nation group opposes De Beers waste dump on traditional territory

An Ottawa-based biotech company, Spartan Bioscience Inc., is filing for creditor protection and temporarily laying off staff following concerns about the consistency of the company’s rapid COVID-19 tests.
Source: ctv business
Canadian firm Spartan filing for creditor protection amid inconsistencies with rapid COVID-19 test

The head of the Canadian Association of Petroleum Producers says predictions of the end of the oil industry during a global price war and the pandemic a year ago have proven false and the sector is rebounding to pre-COVID levels of production and pricing.
Source: ctv business
Industry optimism rising to pre-pandemic levels, CAPP energy symposium hears

Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday.
Source: ctv business
Toronto home sales up 97 per cent in March, prices up as demand outstrips new listings