Direct Loan Canada Blog

The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people.
Source: ctv business
U.S. moves to force recall of 52 million air bag inflators that can explode and hurl shrapnel

China’s foreign minister is seeking to sell his Italian counterpart on the benefits of leader Xi Jinping’s signature ‘Belt and Road’ initiative of Chinese-built and -funded infrastructure projects, as Rome considers whether to renew the agreement.
Source: ctv business
China touts the benefits of its ‘Belt and Road’ initiative to Italy, which may end the agreement

A new report forecasts Canada’s real estate market will be softer this fall with average home prices predicted to remain flat.
Source: ctv business
Canadian home prices forecasted to be flat this fall amid high interest rates: report

Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
Source: ctv business
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a day oil cut through December

Two executives of a Swedish oil exploration and production company went on trial Tuesday in Stockholm for securing the company’s operations in Sudan through their alleged complicity in war crimes in 20 years ago.
Source: ctv business
Trial starts in Sweden of 2 oil executives accused of complicity in war crimes in Sudan

Egypt on Tuesday resumed direct commercial flights to Sudan for the first time since a devastating war broke out between Sudan’s rival general nearly five months ago.
Source: ctv business
Egypt resumes commercial flights to Sudan for the first time since the war

The number of Canadian pilots seeking to fly in the United States tripled in 2022, according to previously unreported U.S. government data, raising fears of deepening shortages in Canada as pilots seek higher wages.
Source: ctv business
Canadian airline pilots eye higher-paid U.S. cockpits as staffing shortages bite

Another provincial premier is making a direct appeal to the Bank of Canada to stop raising interest rates.
Source: ctv business
Ontario Premier Doug Ford asks Bank of Canada to halt rate hikes

Many companies are now asking — or telling — their employees to come back to the office, but many workers, especially those who moved away or made other big changes, are reluctant, highlighting a gap in how employers and workers think about the change.
Source: ctv business
Back-to-office plans fall flat amid arbitrary rules, lack of communication

The demands that a more combative United Auto Workers union has pressed on General Motors, Stellantis and Ford — demands that even the UAW’s own president calls ‘audacious’ — are edging it closer to a strike when its contract ends Sept. 14.
Source: ctv business
UAW’s clash with Big 3 automakers shows off a more confrontational union as strike deadline looms