Direct Loan Canada Blog

A CIBC senior economist says Canadians who want to help the country’s economy rebound should book haircuts, hire tradespeople for home renovations and keep ordering from local restaurants.
Source: ctv business
Spend on haircuts, home renos and restaurants to stimulate economy: CIBC economist

Canadians who want to help the country’s economy rebound should book haircuts, hire tradespeople for home renovations and keep ordering from local restaurants, economists say.
Source: ctv business
Spend on haircuts, home renos and restaurants to stimulate recovery: economists

Canadian households piled up a record amount of mortgage debt for the second quarter in a row amid low interest rates and high housing prices, Statistics Canada said Friday.
Source: ctv business
Canadian households added record mortgage debt in Q4: StatCan

Honda has plans to sell two all-electric SUVs in the U.S. for the 2024 model year, and it soon will offer hybrid gas-electric versions of its top-selling models.
Source: ctv business
Honda of America plans to sell 2 fully electric SUVs in 2024

Statistics Canada says the economy added 259,000 jobs in February, almost wiping out losses sustained over the previous two months.
Source: ctv business
Economy blows past expectations, adds 259,000 jobs in February

Stocks were mostly lower in afternoon trading Friday as technology stocks, which had spent most of the week holding steady or climbing, fell broadly. The move was once again caused by a rise in bond yields.
Source: ctv business
Tech stocks pulls market lower as bond yields climb again

Strong employment numbers for February propelled the Canadian dollar to a three-year high while the TSX climbed for a sixth-straight day to set another record close.
Source: ctv business
TSX sets record, loonie soars to three-year high on strong jobs report

Molson Coors Beverage Co. said Thursday it has been hit by a cyberattack that disrupted its brewing operations and shipments.
Source: ctv business
Molson Coors says cyberattack impacting brewing operations

A deputy governor at the Bank of Canada says higher-than-expected spending by households could help the country recover tens of thousands of lost jobs over the next two years.
Source: ctv business
Fast rise in consumer spending could speed up job market recovery, BoC deputy says

WestJet Airlines Ltd. says it has cancelled orders for 15 Boeing 737 Max aircraft as the industry-wide downturn in aviation continues.
Source: ctv business
WestJet cancels orders for 15 Boeing 737 Max planes as industry struggles