Direct Loan Canada Blog

Electric vehicles are crisscrossing the globe to reach their eager buyers, but the battery technology involved in the zero-emission automobiles is exposing under-prepared maritime shippers to the risk of hard-to-control fires, industry, insurance and emergency response officials said.
Source: ctv business
Ocean shippers playing catch up to electric vehicle fire risk

A toxic chemical leak has claimed the life of a local family farmer whose orchard has been in business for more than 150 years.
Source: ctv business
Courtland community comes together after ammonia leak kills pear farmer

The chief executive of Coutts Bank, long known as the bankers for Britain’s royal family and nobility, has stepped down amid the furor surrounding populist politician Nigel Farage’s complaints that his account was closed because of his political views.
Source: ctv business
CEO of royal banker Coutts resigns amid furor over closure of politician Nigel Farage’s account

A new report from an advocacy group says that Canada’s big banks show “no urgency” in ramping up action against climate change.
Source: ctv business
Advocacy group says banks show little progress on climate action

Stocks are rallying Thursday following a strong profit report from Facebook’s parent company and the latest signals that the economy continues to defy predictions for a recession.
Source: ctv business
Stock market today: Wall Street rallies as economy keeps growing and profits keep rising

The European Central Bank raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation, coming as worries about recession fuel speculation that Thursday’s hike could be its last.
Source: ctv business
European Central Bank hikes interest rates for 9th time to combat inflation

The European Union said Thursday that it has opened an antitrust investigation into Microsoft over concerns that bundling its Teams messaging and videoconferencing app with its Office productivity software gives it an unfair edge over competitors.
Source: ctv business
EU investigates Microsoft over concerns bundling Teams with Office eliminates competition

Toronto-based luxury apparel company Canada Goose announced Thursday that it is bringing Generations, a platform allowing consumers to shop for and trade in pre-worn pieces from the brand, to Canada.
Source: ctv business
Canada Goose launches second-hand, trade-in program in Canada

Shell reported Thursday that it earned nearly US $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged.
Source: ctv business
Shell earnings top US B. But that’s nearly half what it pulled in months ago

The Bank of Canada says it’s trying to not raise interest rates more than it has to, as members of the governing council are mindful of the risks associated with raising rates too much.
Source: ctv business
Bank of Canada mindful of not overdoing rate hikes, summary of deliberations reveals