Direct Loan Canada Blog

Policymakers seeking to make the U.S. electric grid less reliant on fossil fuels have long looked north to Canada and its abundant surplus of hydropower, advocating for new transmission lines to bring more of that cheap, clean electricity south.
Source: ctv business
Bottomless supply? Concerns of limited Canadian hydropower as U.S. seeks to decarbonize grid

Tim Hortons is launching a credit card that can be used through its mobile app, the latest move into an increasingly competitive rewards space.
Source: ctv business
Tim Hortons to launch credit card through mobile rewards app

The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January.
Source: ctv business
Bank of Canada ends pause on hikes, raises policy rate by 25 basis points

Canada’s main stock index was lower in late-morning trading, weighed down by losses in the technology sector, while U.S. stock markets were mixed.
Source: ctv business
Stock market today: S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic.
Source: ctv business
World Bank offers dim outlook for the global economy in face of higher interest rates

Across Canada, the average price of rent climbed back up after pandemic lows, with the monthly rate new tenants face now 20 per cent higher than it was two years ago, according to just-released rental data.
Source: ctv business
Rent across Canada climbs to 20 per cent above pandemic lows: report

Former Formula One boss Bernie Ecclestone on Tuesday formally pleaded not guilty to a fraud charge over his alleged failure to declare millions of dollars held in a trust in Singapore to Britain’s government.
Source: ctv business
Ex Formula One boss Ecclestone pleads not guilty to fraud charge

Australia’s central bank on Tuesday lifted its benchmark interest rate for a 12th consecutive time, to 4.1 per cent, and warned further rises could follow.
Source: ctv business
Australian central bank boosts cash rate to 4.1 per cent with 12th hike

Calgary-based Cenovus Energy says it has safely restarted a portion of its production that was shut down because of the threat of wildfires in northern and central Alberta.
Source: ctv business
Wildfire caused ‘no significant damage’ to oilfield operations, Cenovus says

Equifax Canada says credit demand was high in the first quarter of the year while the mortgage market saw a significant slowdown.
Source: ctv business
Credit card balances increase in first quarter as mortgage market slows: Equifax