Direct Loan Canada Blog

Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with new all-time record high prices for lumber and oriented strandboard (OSB) building panels.
Source: ctv business
Benchmark lumber prices jump to a record USK despite slowdown in sales volumes

The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington.
Source: ctv business
Lawmakers to face off with GameStop saga’s key players

After committing one of the ‘biggest blunders in banking history,’ Citibank won’t be allowed to recover the almost half a billion dollars it accidentally wired to Revlon’s lenders, a U.S. District Court judge ruled.
Source: ctv business
Citibank can’t get back US0 million it wired by mistake, judge rules

Swiss food giant Nestle on Tuesday announced the sale of its regional spring water brands, plus two of its other North American efforts, to One Rock Capital Partners and Metropoulos & Co for US$4.3 billion.
Source: ctv business
Nestle sells North American spring water brands for US.3B

New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide.
Source: ctv business
New York sues Amazon over worker safety during pandemic

Statistics Canada says the consumer price index rose 1.0 per cent compared with a year ago as the annual pace of inflation picked up.
Source: ctv business
Statistics Canada says annual inflation rate climbs to 1.0 per cent

A spot on the Atlantic City Boardwalk where movie stars, athletes and rock stars used to party – and a future president honed his instincts for bravado and hype – was reduced to a dusty pile of rubble on Wednesday.
Source: ctv business
Former Trump casino where stars played goes out with a bang

Stocks were moving lower in afternoon trading Wednesday, as investors digested data that showed that showed the U.S. economy is in need of more stimulus. Energy prices were steady after rising sharply the day before, due to the frigid weather that’s impacted much of the U.S.
Source: ctv business
Stocks trim back their gains as investors wait for stimulus

In November, Beijing announced crippling tariffs on Australian wine as part of an “anti-dumping investigation” into whether those wines were being sold too cheaply in China.
Source: ctv business
How China is devastating Australia’s billion-dollar wine industry

The frenzy around GameStop’s stock may have quieted down, but the outsized influence small investors had in the saga is likely to stick around.
Source: ctv business
GameStop’s saga may be over; its effect on Wall Street isn’t