Direct Loan Canada Blog

Canada’s housing authority says retail, construction and services workers were the most common deferrers of mortgage payments in the first few months of the COVID-19 pandemic.
Source: ctv business
CMHC: Retail, construction and services workers have high share of mortgage deferrals

Like politicians and other high-profile individuals who have recently been caught travelling in defiance of regional health orders, rank and file employees are now facing career consequences for risky behaviour that would otherwise go unnoticed.
Source: ctv business
The list of fireable offences has grown thanks to COVID-19

The cause of the fire that killed Tony Hsieh, the retired CEO of the online shoe retailer Zappos, inside a storage shed in November could not be determined, a Connecticut investigator said Tuesday in a report.
Source: ctv business
Cause of fire that killed retired Zappos CEO Tony Hsieh undetermined, officials say

Calgary home sales, prices and new listings might be headed for a slight increase in 2021, but they’re likely still bound to be hampered by COVID-19 and reduced demand for oil, the city’s most prominent housing organization predicted Tuesday.
Source: ctv business
CREB: COVID-19, decreased demand for oil to hamper housing market in 2021

Against headwinds from a labour conflict and a mild cold and flu season, grocery and pharmacy retailer Metro Inc. reported Tuesday its first-quarter sales and profit climbed compared with a year ago.
Source: ctv business
Metro profit and sales up despite labour conflict, mild cold and flu season

The Opposition Conservatives are urging the federal government to push back on President Joe Biden’s protectionist Buy American plan.
Source: ctv business
Opposition urges Liberals to push back against Biden’s Buy American plan

CTV News has learned Cenovus Energy plans to cut upward of 2,000 positions over the next two months, with the first round of layoffs expected to begin Tuesday.
Source: ctv business
Calgary-based Cenovus Energy to lay off upward of 2,000 workers

The pandemic could slam the brakes on a global economic turnaround this year despite mass vaccination programs and unprecedented levels of stimulus, according to the International Monetary Fund.
Source: ctv business
New coronavirus variants pose major risk to the global economy, IMF warns

Refreshing your wardrobe doesn’t have to mean breaking the bank. CTV News’ Chief Financial Commentator Pattie Lovett-Reid explains the thinking behind her ‘cheap and cheerful’ challenge.
Source: ctv business
Pattie Lovett-Reid: Saving money never goes out of style

Stocks were muted in afternoon trading on Wall Street Tuesday, as investors weighed solid corporate earnings results against concerns about the virus pandemic.
Source: ctv business
U.S. stocks muted as investors weigh earnings, COVID-19