Direct Loan Canada Blog

Canada’s housing sector is facing a ‘moderate’ degree of vulnerability to market instability for the second straight quarter and showing signs of overheating for the first time this year, says the country’s housing agency.
Source: ctv business
Canadian housing market faces ‘moderate’ degree of vulnerability: CMHC

The wedged, skyscraper-sized container ship that has blocked the entire width of the Suez Canal has created a major traffic jam on one of the world’s most crucial trade routes. Over its 150-year history, Egypt’s Suez Canal has seen wars and crises – but nothing quite like the stranding of the Ever Given.
Source: ctv business
What we know about a ship blocking the Suez Canal

Canada’s second-largest grocery retailer and an industry group representing food manufacturers agreed to a draft grocery code of practice on Thursday that they say takes aim at unfairness in the market.
Source: ctv business
Empire, industry group propose grocery code to address ‘unfair practices’ in market

Stocks are wobbling in afternoon trading Thursday as a slide in technology companies is being offset by gains for banks as bond yields stabilize.
Source: ctv business
Stocks wobble as oil falls back, Wall Street keeps churning

Chinese state TV called Thursday for a boycott of H&M as Beijing lashed out at foreign clothing and footwear brands following Western sanctions on Chinese officials accused of human rights abuses in the Xinjiang region.
Source: ctv business
China attacks foreign clothing, shoe brands over Xinjiang

The two-bedroom, two-bathroom detached home in a community for residents ages 45 and up was listed for $820,000. It sold for $500,000 more than that.
Source: ctv business
Red-hot real estate market sees Langley, B.C., home sell for half-million over asking

Donald Sobey, former Empire president and son of the Sobey’s grocery chain founder, has died. He was 86.
Source: ctv business
Donald Sobey, son of Sobey’s grocery chain founder, dead at 86

The grounding of a skyscraper-sized container ship in the Suez Canal has the potential to disrupt shipments from Asia to ports in Montreal and Halifax.
Source: ctv business
Suez Canal blockage could affect shipments to Montreal and Halifax, experts say

Prince Harry has found a new gig: The Duke of Sussex joined a startup called BetterUp as chief impact officer, which provides mental health services and coaching to clients online. CEO of the company, Alexi Robichaux spoke about Harry’s role at BetterUp and the company’s mission.
Source: ctv business
Tech CEO explains why he hired Prince Harry

Microsoft’s chief executive says Canada’s technology sector is talent-rich and a player on the global scene but he wants policy-makers to weigh regulatory effects on innovation when making decisions.
Source: ctv business
Microsoft CEO Satya Nadella talks regulation, hiring and expansion in Canada