Direct Loan Canada Blog

The suburbs surrounding Toronto, Montreal and Vancouver’s are fuelling an uptick in homes beginning construction and properties ready for occupancy, says Canada Mortgage and Housing Corp.
Source: ctv business
Suburbs lead the way in housing completions as starts also climb: CMHC

Nigeria’s Ngozi Okonjo-Iweala was appointed Monday to head the World Trade Organization, becoming the first woman and first African to take on the role amid disagreement over how the body decides cases involving billions in sales and thousands of jobs.
Source: ctv business
Okonjo-Iweala becomes first woman, African to lead WTO

SNC-Lavalin Group Inc. says it has inked its first hydroelectric engineering contract in the U.S. SNC-Lavalin will offer engineering services for three three hydroelectric projects in Pennsylvania, and would add powerhouses to sites owned by the U.S. Army Corps of Engineers.
Source: ctv business
SNC-Lavalin gets first U.S. contract for hydroelectric engineering services

World shares started the week off with a rally, as Japan’s Nikkei 225 index closed above 30,000 for the first time since August 1990.
Source: ctv business
World stocks rally, bringing Japanese market to 30-year high

A hacking campaign that used a U.S. tech company as a springboard to compromise a raft of U.S. government agencies is “the largest and most sophisticated attack the world has ever seen,” Microsoft Corp President Brad Smith said.
Source: ctv business
SolarWinds hack was ‘largest and most sophisticated attack’ ever: Microsoft president

A northern Ontario university seeking creditor protection ran deficits dating back to at least 2014, a government adviser probing the school’s financial troubles says in an interim report obtained by The Canadian Press.
Source: ctv business
Laurentian University ran deficits dating back to 2014, gov’t adviser says in report

The furniture chain Structube apologized this week after naming two trash cans on its site Wassim and Walid, two common Arab men’s names.
Source: ctv business
Quebec furniture chain Structube apologizes after giving Arab men’s names to trash bins

While gig work, such as food delivery services, offers the promise of a financial lifeline and a flexible schedule, it also comes with uncertainties that can prompt complicated tradeoffs, especially for parents.
Source: ctv business
Some delivery workers have no choice but to bring their kids along during the pandemic

The U.K. chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about the pandemic and said that there was “no such thing as unconscious bias.”
Source: ctv business
KPMG’s U.K. boss resigns after telling staff not to ‘sit there and moan’ about the pandemic

The president and CEO of Calgary-based WestJet Airlines is livid following the Competition Bureau’s approval of Air Canada’s acquisition of Air Transat that he warns will result in increased prices and fewer routes for travellers in Canada.
Source: ctv business
WestJet CEO sounds off over government approval of Air Canada purchase of Air Transat