Direct Loan Canada Blog

Since March, three regional banks have failed — Silicon Valley Bank, Signature Bank and First Republic Bank. If the recent bank collapses have you worried about the safety of your money, here’s what you need to know.
Source: ctv business
Is my money safe? What you need to know about bank failures

Apple is leading a rally Friday after Wall Street’s most influential stock reported a better profit than feared. Stocks of beaten-down banks are also leaping to recover a smidgen of their sharp losses from a brutal week.
Source: ctv business
Stock market today: Apple juices a rally after a brutal week

The labour market is showing no signs of the slowdown the Bank of Canada is hoping for to get inflation down to two per cent, something economists say could force the central bank to get off the sidelines and raise rates again.
Source: ctv business
Bank of Canada might have to rethink rate pause as unemployment remains very low: economists

Bank of Canada governor Tiff Macklem says the central bank is ready to step in if stress in the global banking system affects Canada, but emphasized it won’t back off from its inflation fight as it works to bring inflation down to its two per cent target.
Source: ctv business
BoC can address banking system stress, even as it fights inflation: Macklem

Newfoundland and Labrador’s fisheries minister has waded into a standoff in the province’s snow crab fishery by asking the harvesters union to hold a secret vote about whether a work stoppage should continue.
Source: ctv business
As crab fishery protest enters fourth week, N.L. minister asks union for secret vote

The list of needs is long in a South American country of 791,000 people that is poised to become the world’s fourth-largest offshore oil producer, placing it ahead of Qatar, the United States, Mexico and Norway.
Source: ctv business
Small South American country becoming offshore oil giant, while residents ‘live on promises’

Enbridge says it has reached a deal with shippers for tolling on its Mainline pipeline system, which moves over three million barrels a day of crude oil and liquids from Western Canada.
Source: ctv business
Enbridge signs tolling deal with shippers for Mainline pipeline system

The European Central Bank slowed the pace of its interest rate increases Thursday, stepping back like the U.S. Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation. But the ECB also said it was “not pausing” even as its efforts have worked by making mortgages and business loans harder to get.
Source: ctv business
European Central Bank slows pace of rate hikes but vows more

Anheuser-Busch InBev, the world’s largest brewer, reported higher than expected first-quarter earnings on Thursday as sharp price increases failed to put customers off.
Source: ctv business
Bud maker’s profit jumps as customers absorb higher prices

Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company.
Source: ctv business
Shopify to reduce workforce by 20 per cent and sell logistics business