Direct Loan Canada Blog

Equinor is pausing its plan to develop the Bay du Nord oil project, which would open a fifth oilfield off the coast of Newfoundland.
Source: ctv business
Equinor postponing Bay du Nord oil project off Newfoundland for up to three years

Furniture retailer Ikea has announced the appointment of Selwyn Crittendon as the new Ikea Canada chief executive and chief sustainability officer effective Aug. 1.
Source: ctv business
Selwyn Crittendon named new chief executive at Ikea Canada

Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote as President Joe Biden and Speaker Kevin McCarthy assemble a coalition of centrist Democrats and Republicans to push it to passage over fierce blowback from conservatives and some progressive dissent.
Source: ctv business
Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP support

New Zealand’s national airline is asking passengers to step on the scales before they board international flights.
Source: ctv business
New Zealand airline is asking passengers to weigh in before their flights

The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again.
Source: ctv business
What slowdown? Economy outperforms, raising odds of a rate hike

Wall Street is slumping with stock markets worldwide Wednesday as worries rise about the strength of the global economy and inflation.
Source: ctv business
Stock market today: Wall Street slumps with markets worldwide

Whether travelling by plane, train or automobile, francophone travellers are struggling to access services in their language, Canada’s official languages commissioner said Tuesday.
Source: ctv business
Air Canada failing to provide full services in both official languages: report

Theranos founder Elizabeth Holmes entered Texas prison where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley.
Source: ctv business
Elizabeth Holmes enters Texas prison to begin 11-year sentence for notorious blood-testing hoax

Ontario has backed off a housing proposal that farmers say would have had a “catastrophic” impact on farmland and livestock operations.
Source: ctv business
Ontario abandons proposal to sever farmland lots in response to farmer opposition

As spring shifts into summer, seasonal spending habits can take a toll on your savings. But one personal finance expert offers advice on how to avoid overspending this year.
Source: ctv business
Money expert offers advice on avoiding overspending this season