Direct Loan Canada Blog

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse.
Source: ctv business
Silicon Valley Bank main cause of its own failure: U.S. official

Tens of thousands marched as protests and strikes against unpopular pension reforms gripped France again Tuesday, with police ramping up security after the government warned that radical demonstrators intended ‘to destroy, to injure and to kill.’
Source: ctv business
French police brace for protest violence; trash strike ends

Whether it’s gas, food or booze, consumers can expect to pay more for these goods next month. Two of the biggest changes include the federal carbon tax will increase to $65 per tonne of greenhouse emissions, up from $50, and the federal beverage alcohol duty that will increase by 6.3 per cent, which both come into effect on April 1.
Source: ctv business
These 3 items could cost you more starting this April

The southwestern city of Zaporizhzhia is less than 50 kilometres from the front line and its residential buildings and energy infrastructure are a frequent Russian target. The impact of the war has left its steel plant running below full capacity, with a third of its 10,000 workers idle.
Source: ctv business
A steel plant ready for war shows hit to Ukraine’s economy

The chairman of Saudi National Bank resigned for ‘personal reasons’ after his comments on Credit Suisse sent that firm’s stock cratering, a regulatory filing in the kingdom said Monday.
Source: ctv business
Saudi National Bank chair resigns after Credit Suisse storm

Trains, planes and public transit systems stood still across much of Germany on Monday as labour unions called a major one-day strike over salaries in an effort to win inflation-busting raises for their members.
Source: ctv business
Strike over pay paralyzes rail, air travel in Germany

North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
Source: ctv business
First Citizens Bank to acquire Silicon Valley Bank: FDIC

Flying over the Grand Canyon was a highlight for the Gellisen family during their trip to Phoenix, but their flight home to Toronto was a much different experience, with several family members forced off of the flight over tensions related to a teen’s wheelchair.
Source: ctv business
Advocate questions whether Air Canada has ‘cultural problem’ after issue with teen’s wheelchair

Indigenous-owned tech company Animikii says making love the focus of its decisions — from accepting clients to partnering with investors to supporting employees during a global pandemic — is key to its success, now and for generations to come.
Source: ctv business
For one tech company, Indigenous values are central to hiring, projects and strategy

A new study from the University of Waterloo suggests that heavy workloads that discourage employees from taking breaks could disrupt general performance, causing high levels of stress and fatigue that stand in the way of productivity.
Source: ctv business
Taking breaks at work? New study shows they boost your productivity