Direct Loan Canada Blog

The federal government unveiled its spring budget Tuesday, with a clean economy as the centrepiece, and detailing targeted measures to help Canadians deal with still-high inflation.
Source: ctv business
Here are the ways the budget impacts you: From grocery bills to small business credit card fees

Experts say the Canadian presence of American retail giants such as Walmart and Costco isn’t likely to blame for rising grocery prices. That’s despite Canadian grocery chain executives having pushed for MPs to question those retailers as part of their study on food inflation.
Source: ctv business
Walmart and Costco in Canada not making food inflation worse, experts say

Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and runs on regional banks in the U.S. has focused attention on the role played by credit default swaps in all the turmoil.
Source: ctv business
What are credit default swaps and why are they causing trouble for Europe’s banks?

A high-tech farm near Cochrane, west of Calgary, is producing thousands of heads of lettuce, and other vegetables every week, even in the darkest and coldest days of winter.
Source: ctv business
High-tech, year-round sustainable farming comes to Cochrane, Alta.

Flair Airlines said Monday it has reimbursed virtually all 1,900 passengers whose flights were cancelled after the seizure of four of the carrier’s planes earlier this month, but some customers say they are owed more money.
Source: ctv business
Some Flair customers say they’re owed more after plane seizures, flight cancellations

FTX founder Sam Bankman-Fried was charged with directing US$40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday.
Source: ctv business
Bankman-Fried charged with paying USM bribe to China

China spent US$240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building ‘Belt and Road’ infrastructure, a study published on Tuesday showed.
Source: ctv business
China spent US0B bailing out ‘Belt and Road’ countries – study

Operations at one of Canadian Tire Corp.’s largest distribution centres remain suspended after a fire earlier this month.
Source: ctv business
Canadian Tire distribution centre remains closed after fire at Brampton facility

Japan and the United States have reached an agreement on trade in critical minerals for electric vehicle batteries, part of an effort to ensure secure supplies of strategically important resources.
Source: ctv business
U.S., Japan reach deal on vital minerals for EV batteries

U.S. President Joe Biden will visit an expanding North Carolina semiconductor manufacturer on Tuesday as he launches an extended effort to spotlight the impact legislation passed earlier in his administration is having on the U.S. economy and contrast his vision with that of Republicans as they square off on budget priorities.
Source: ctv business
In North Carolina, U.S. President Biden to compare economic plan with GOP’s