Direct Loan Canada Blog

Stocks were mostly lower in afternoon trading Thursday, as another tick up in bond yields once again pulled down shares of technology companies and the energy sector.
Source: ctv business
Stocks fall, pulled down by IT and energy; bond yields rise

The International Brotherhood of Electrical Workers Local Union 2034 has declared a general strike as of midnight on Wednesday.
Source: ctv business
Union for Manitoba Hydro members declares general strike

With former U.S. President Donald Trump’s tax returns finally in hand, a team of New York prosecutors led by a newly hired former mob-buster is sending out fresh subpoenas and meeting face-to-face with key witnesses, scrutinizing Trump’s business practices in granular detail.
Source: ctv business
Trump’s taxes in hand, Manhattan DA’s probe heats up

Attorneys general from 21 states on Wednesday sued to overturn U.S. President Joe Biden’s cancellation of the contentious Keystone XL oil pipeline from Canada.
Source: ctv business
States sue Biden in bid to revive Keystone XL pipeline

Despite some predictions that the pandemic might cause Canadian real estate prices to pull back, the housing market continues to heat up, with activity spreading beyond the urban markets where it’s been strongest, says one economist.
Source: ctv business
Canada’s soaring home prices now a ‘small town issue’: RBC economist

The federal government is providing an additional $317 million to top up wages of essential workers in Alberta.
Source: ctv business
Alberta to receive additional 7M in wage top ups from federal government

A rare silver lining has emerged a year into the COVID-19 pandemic that has otherwise caused widespread economic devastation. As thousands of businesses shut down and millions of workers were laid off, some Canadians seized the opportunity to strike out on their own.
Source: ctv business
Side hustle, necessity or too late to turn back: Meet Canada’s newest business owners

Stocks are mostly lower Wednesday as another surge in bond yields caused big declines in technology stocks and the broader market. Investors are cautiously awaiting remarks from Federal Reserve Chair Jerome Powell, who is expected to speak later in the day on inflation and what the central bank may do to combat it.
Source: ctv business
Stocks fall on Wall Street ahead of Fed view on U.S. economy

The European Union’s executive body proposed Wednesday issuing certificates that would allow EU residents to travel freely across the 27-nation bloc by the summer as long as they have been vaccinated, tested negative for COVID-19 or recovered from the disease.
Source: ctv business
EU sets out COVID-19 pass plan to allow free travel by summer

Canadian home prices accelerated in February, rising 0.5 per cent from January with all 11 major markets rising on the year for the first time since 2018, data showed on Wednesday.
Source: ctv business
Canadian home prices gains accelerate in February