Direct Loan Canada Blog

Government programs and bailouts were the financial lifeline to families in need this year; however, if you don’t plan for it properly it could become the anchor that sinks you in 2021, CTV News’ Chief Financial Commentator Pattie Lovett-Reid writes in her column for CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: What you need to know about CERB as the year ends

Because of a dwindling oyster population, a Florida agency voted unanimously Wednesday to shut down oyster harvesting in Apalachicola Bay through the end of 2025, dealing a blow to an area that historically produced 90% of the state’s oysters and 10 per cent of the nation’s.
Source: ctv business
Florida shuts down bay known nationally for its oysters

Stocks edged higher in morning trading as investors continue to balance hope for additional aid from Washington with a spike in virus cases that continues holding back a broad economic recovery.
Source: ctv business
U.S. stock indexes edge higher a day after setting records

The CRA updated its website more than two weeks after Canadians started applying for the Canada Emergency Response Benefit (CERB) to include a critical detail that was left out when applications opened.
Source: ctv business
CRA quietly updated website for CERB eligibility weeks after applications opened

With more Canadians working from home amid the COVID-19 pandemic, the Canada Revenue Agency has simplified how employees can claim home office expenses on their personal income tax return for 2020.
Source: ctv business
Working from home this year? You may be eligible for a new tax deduction

Canadians who purchased certain Microsoft PC software between Dec. 23, 1998 and March 11, 2010 are eligible to claim up to $250 without receipts in a class-action lawsuit against the company.
Source: ctv business
No receipts required for some Canadians filing under Microsoft’s class-action lawsuit

Big tech companies face hefty fines in the European Union and Britain if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in Brussels and London.
Source: ctv business
EU, Britain to toughen rules, fines for tech giants

Manufacturing sales grew 0.3 per cent to $54.1 billion in October, led by the paper, and petroleum and coal industries, Statistics Canada said Tuesday.
Source: ctv business
Statistics Canada reports manufacturing sales edged up 0.3 per cent in October

The Canadian Real Estate Association says home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October.
Source: ctv business
Home sales shoot up 32.1 per cent year-over-year in November

Builders broke ground on more homes in November as construction on multi-family housing picked up in Vancouver and Montreal, Canada Mortgage and Housing Corp. said on Tuesday.
Source: ctv business
Building picked up in November as housing starts jump 14.4 per cent