Direct Loan Canada Blog

A significant build up of cash accumulation and easy access to borrowing in a rock bottom interest rate environment have driven real estate demand and prices sky high, CTV News’ Chief Financial Commentator Pattie Lovett-Reid writes in her column on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: From first time buyers to luxury homes, Canada’s real estate market is on fire

U.S. stock indexes are edging lower in afternoon trading on Tuesday as another swell higher for Treasury yields adds pressure on big technology stocks.
Source: ctv business
U.S. stocks slip in mixed trading as rate pressure ratchets up

The blockage in the Suez Canal will further increase global shipping prices but will have a marginal effect on Canadian consumers, aside from potential delays for certain shipments, experts say.
Source: ctv business
Suez Canal blockage could lead to delays, higher shipping prices, experts say

The name of the wedged container ship that finally became unstuck from the Suez Canal has been a source of confusion. The ship is named Ever Given and it is operated by Evergreen Marine.
Source: ctv business
Ever Given or Evergreen: What’s the actual name of the Suez ship?

The United States on Monday suspended a trade deal with Myanmar until a democratic government is brought back to the Southeast Asian country after a bloody Feb. 1 coup.
Source: ctv business
Reacting to bloody coup, U.S. suspends trade deal with Myanmar

More than 900 people from a nearby village were evacuated after a massive fire broke out early Monday at the Pertamina Balongan Refinery in Indonesia’s West Java province, officials said.
Source: ctv business
Hundreds evacuated after fire at Indonesian oil refinery

48North Cannabis Corp. will lay off about 20 per cent of its staff as it ends outdoor cultivation at an Ontario facility.
Source: ctv business
48North Cannabis lays off 20 per cent of staff, cuts outdoor growing facility

China stepped up pressure Monday on foreign shoe and clothing brands to reject reports of abuses in Xinjiang, telling companies that are targeted by Beijing for boycotts to look more closely and pointing to a statement by one that it found no forced labour.
Source: ctv business
China pressures brands to reject reports of Xinjiang abuses

China announced tax breaks Monday to spur growth of its semiconductor industry following U.S. sanctions that alarmed the ruling Communist Party by cutting off access to American processor chips for tech giant Huawei and some other companies.
Source: ctv business
China cuts taxes to spur semiconductor development

Swiss bank Credit Suisse said Monday it may have suffered a ‘highly significant’ loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s Nomura said it could face a loss of US$2 billion due to an event with a U.S. client.
Source: ctv business
Global banks warn of possible losses from hedge fund default