Direct Loan Canada Blog

Tesla Inc. on Sunday missed estimates for first-quarter deliveries as a bleak economic outlook and rising competition outweighed the electric automaker’s efforts to prop up demand with price cuts.
Source: ctv business
Tesla misses delivery estimates as weak economy overshadows price cuts

Wet’suwet’en hereditary chief Na’Moks will head to Saskatoon for the Royal Bank of Canada’s April 5 general meeting, where he plans to share his concerns about its fossil fuel funding and encourage the assembled shareholders to support a resolution related to respecting Indigenous rights.
Source: ctv business
Banks face rising shareholder pressure through climate resolutions as AGMs loom

Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move they said was aimed at supporting market stability.
Source: ctv business
OPEC+ alliance announces surprise cuts of around 1.16 million barrels per day from May to year-end

Authorities in Iraq’s semi-autonomous Kurdish region said Sunday they have reached a preliminary deal with the central government in Baghdad that will allow oil exports from the northern Kurdish region by way of Turkey to resume.
Source: ctv business
Iraqi federal and Kurdish officials reach oil export deal

Demonstrators gathered in 40 locations across Canada on Saturday to voice their opposition to the Royal Bank of Canada’s funding of fossil fuel projects. The protests, part of a nation-wide effort dubbed Fossil Fools Day, unfolded in cities including Edmonton, Toronto, Ottawa, Winnipeg, Halifax and Vancouver.
Source: ctv business
Protestors across Canada demonstrate against RBC’s fossil-fuel funding

The UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center, analysts say, warning that the country’s prosperity could grow too dependent on a single banking behemoth.
Source: ctv business
Credit Suisse takeover hits heart of Swiss banking, identity

Evacuation orders were lifted in small sections of a Japanese town just southwest of the wrecked Fukushima nuclear power plant on Saturday, in time for the area’s popular cherry blossom season, and Prime Minister Fumio Kishida joined a ceremony to mark the reopening.
Source: ctv business
Small areas reopen near Fukushima nuclear plant, few return

The Liberal government left employment insurance reform out of the federal budget this week over concern that reforming the program amid a slowing economy could drive up premiums for workers and employers.
Source: ctv business
As economy slows, Liberals push off EI reform over worries it could drive up premiums

A recent report from Royal LePage is predicting a drop in prices for Canadian cabins and cottages this year as demand softens from economic uncertainty and low housing stock.
Source: ctv business
Here’s what to expect from the Canadian cottage market this year

Under intense scrutiny from Washington that could lead to a potential ban, the top attorney for TikTok and its Chinese parent company ByteDance defended the social media platform’s plan to safeguard U.S. user data from China.
Source: ctv business
TikTok attorney: China can’t get U.S. data under plan