Direct Loan Canada Blog

The Central Bank of Russia raised its key lending rate by one percentage point to 13 per cent on Friday, a month after imposing an even larger hike, as concerns about inflation persist and the ruble continues to struggle against the dollar.
Source: ctv business
Russia raises key interest rate again as inflation and exchange rate worries continue

For a generation and more, it has been a cornerstone of consumer society, first in the United States and then globally — the throwaway cup with the emerald logo depicting a longhaired siren with locks like ocean waves.
Source: ctv business
Citing sustainability, Starbucks wants to overhaul its iconic cup. Will customers go along?

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers. The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis.
Source: ctv business
What’s at stake as 13,000 workers go on strike at major U.S. auto makers

Time is running out to avert a strike that could shut down North America’s unionized auto assembly plants and other manufacturing facilities.
Source: ctv business
Haven’t been paying attention to the looming UAW strike? What you need to know

An explosion inside a shipping container at the world’s largest railyard prompted evacuations in western Nebraska Thursday because of the toxic smoke generated when one of the chemicals aboard caught fire.
Source: ctv business
Explosion at world’s largest railyard in Nebraska prompts evacuations because of heavy toxic smoke

Shares of U.K. chip designer Arm Holdings rose 10 per cent in their stock market debut, in what is the largest initial public offering of shares in nearly two years.
Source: ctv business
Arm Holdings shares rise 10 per cent in Wall Street’s biggest initial public offering since 2021

Canopy Growth Corp. says it has obtained creditor protection from the Ontario Superior Court of Justice for BioSteel Sports Nutrition Inc. and intends to seek permission to sell the sports drink business.
Source: ctv business
Canopy Growth lands creditor protection for BioSteel business, intends to sell brand

The health care giant, Johnson and Johnson, said Thursday that it will replace the well-known signature script it has used since 1887 with a modern look that reflects its sharpened focus on pharmaceuticals and medical devices.
Source: ctv business
Johnson and Johnson is getting rid of its script logo after more than 130 years

The European Central Bank hiked its key interest rate to a record high Thursday, pressing its fight against stubbornly high inflation that has been plaguing consumers — even as worries grow that higher borrowing costs could help push the economy into recession.
Source: ctv business
Europe’s central bank hikes interest rates again even as threat of recession grows

The Montreal-based bank said Thursday it has decided that its best path forward to drive shareholder value is an accelerated evolution of its current plan with an increased focus on efficiency and simplification.
Source: ctv business
Laurentian Bank concludes review without deal to sell, sticks with plan