Direct Loan Canada Blog

The annual pace of housing starts increased three per cent in October compared with September, Canada Mortgage and Housing Corp. said on Tuesday, although the increase was less than some economists predicted.
Source: ctv business
CMHC says annual pace of housing starts climbed higher in October

The interim results from a Canadian border study has found that 70 per cent of international travellers arriving by airplane who have COVID-19 can be identified within 48 hours through rapid PCR testing done the moment they arrive.
Source: ctv business
Rapid testing identifies 70 per cent of COVID-19 positive passengers within 48 hours of arriving at airport: study

Overall holiday spending is expected to be muted as the second wave of COVID-19 worsens, causing ongoing economic uncertainty and tighter travel and gathering restrictions. But retail analysts say the lack of normalcy in 2020 may be a driver for strong toy sales.
Source: ctv business
‘Flying off the shelves’: Toys likely bright spot amid muted holiday retail season

Warren Buffett’s company has trimmed its huge stake in Apple and added new investments in several drugmakers while tweaking several other holdings in its stock portfolio.
Source: ctv business
Buffett’s firm trims Apple stake, invests in drugmakers

U.S. stocks are taking a pause on Tuesday from their big rally this month that vaulted them back to record heights.
Source: ctv business
Wall Street taps the brakes following its record-setting run

Joe Biden is doubling down on his promise to enforce Buy American policies once he becomes U.S. president in January.
Source: ctv business
‘No government contracts’ for companies that don’t manufacture in U.S., Biden vows

CPP Investments has a cautious outlook for the months ahead despite strong returns through the July-to-September period, with net assets up $22.3 billion or five per cent since the previous quarter.
Source: ctv business
CPP Investments grows 5 per cent in Q2 with widespread positive returns

Home sales in October set a record for the month, even as they fell back from the all-time monthly high set in September, the Canadian Real Estate Association said on Monday.
Source: ctv business
CREA says October home sales edged back from record high set in September

Manufacturing sales rose 1.5 per cent to $53.8 billion in September, led by the wood, chemical and food industries, Statistics Canada said Monday.
Source: ctv business
Statistics Canada reports manufacturing sales up 1.5 per cent in September

China has just joined forces with more than a dozen countries across the Asia Pacific region to sign a huge free trade deal nearly a decade in the making.
Source: ctv business
China signs huge Asia Pacific trade deal with 14 countries