Direct Loan Canada Blog

The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign currency income and help from an International Monetary Fund program resulted in inflation slowing faster than expected.
Source: ctv business
Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding

Europe’s inflation took a positive turn with a significant drop to 6.1 per cent, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities.
Source: ctv business
Europe sees inflation drop to 6.1%, but real relief for consumers will take months

Days away from a default crisis, the U.S. Senate dashed on Thursday to wrap up work on a debt ceiling and budget cuts package that overwhelmingly cleared a House vote, aiming to send it to U.S. President Joe Biden’s desk to become law before the fast-approaching deadline.
Source: ctv business
U.S. senate races to wrap up Biden-McCarthy debt ceiling deal before default deadline

Stocks are drifting Thursday as reports on the U.S. economy painted a mixed outlook.
Source: ctv business
Stock market today: Wall Street drifts as job market stays solid

Amazon has agreed to pay more than US$30 million to settle two federal lawsuits alleging that the tech giant violated users’ privacy — including that of children — through its Alexa voice assistant and its Ring doorbell cameras.
Source: ctv business
Amazon to pay USM in privacy violation penalties for Alexa,Ring camera

Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023.
Source: ctv business
Canadian consumer debt hits all-time high, reaching .32 trillion in Q1 2023: TransUnion

A deal to save a $5-billion electric vehicle battery plant in Windsor is inching closer, Industry Minister Francois-Philippe Champagne said Wednesday.
Source: ctv business
Canada closing in on deal to get Stellantis battery plant back on track: Champagne

Some of Adidas’ remaining Yeezy shoes are back on sale, months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West.
Source: ctv business
Yeezy shoes are back on sale — months after Adidas cut ties with Kanye West

A group of corporate Amazon workers upset about the company’s environmental impact, recent layoffs and a return-to-office mandate is planning a walkout at the company’s Seattle headquarters Wednesday.
Source: ctv business
Amazon workers stage walkout over company’s climate impact, return-to-office mandate

Business Development Bank of Canada (BDC) said Wednesday venture capital lending dropped in 2022 and is expected to remain slow as companies grapple with higher interest rates, a wave of tech layoffs and the fallout from the collapse of the Silicon Valley Bank.
Source: ctv business
Funded deals, investment totals fall as VCs adjust to new normal: BDC