Direct Loan Canada Blog

Australia will end a decade-old freeze on the minimum wage for skilled migrant workers as part of an overhaul of what the government described Thursday as a broken migration system that fosters exploitation and favours attracting low-paid employees over filling critical skill shortages.
Source: ctv business
Australia lifts minimum wage for skilled migrant workers

Wall Street is rising Thursday after Meta Platforms became the latest Big Tech company to blow past profit expectations and reports painted a mixed picture of the U.S. economy.
Source: ctv business
Stock market today: Surge for Meta powers Wall Street higher

The Bank of Canada considered raising interest rates earlier this month, as it feared being too slow to react to sticky inflation.
Source: ctv business
Bank of Canada considered raising interest rates at its last meeting

A British tobacco company has agreed to pay more than US$629 million to settle allegations that it did illegal business with North Korea in violation of U.S. sanctions, the Justice Department said Tuesday.
Source: ctv business
Tobacco company settles with U.S. over business in North Korea

The Kremlin warned on Wednesday it could seize more Western assets in retaliation for foreign moves against Russian companies, after taking temporary control of assets belonging to two European state-owned utilities.
Source: ctv business
Kremlin warns of more asset seizures after move against Fortum and Uniper

Teck Resources Ltd. will not go ahead with a key shareholder vote on its plan to separate its metals and steelmaking coal businesses into two companies and instead will pursue what it called a simpler and more direct approach.
Source: ctv business
Teck Resources cancels shareholder vote on separation plan ahead of annual meeting

First Republic Bank plunged at the opening bell Wednesday, an ongoing route that has erased more than 50% of its value just this week on concerns about the bank’s financial health in the wake of two other bank collapses.
Source: ctv business
Shares of First Republic Bank continue to slide

Germany’s Viessmann Group is selling its business with heat pumps, viewed as a key technology in making heating more climate-friendly, to Florida-based Carrier Global Corp. as part of a 12 billion-euro (US$13.2 billion) deal.
Source: ctv business
German company sells heat pump business to U.S. firm Carrier

Sweden’s central bank on Wednesday raised its key interest rate, saying inflation “is still far too high and underlying inflation has been much higher than expected.”
Source: ctv business
Sweden raises key interest rate again to target inflation

British regulators on Wednesday blocked Microsoft’s US$69 billion purchase of video game maker Activision Blizzard, thwarting the biggest tech deal in history over worries that it would stifle competition in the fast-growing cloud gaming market.
Source: ctv business
U.K. blocks Microsoft-Activision gaming deal, biggest in tech