Direct Loan Canada Blog

Home Depot said Tuesday it’s investing US$1 billion in wage increases for its U.S. and Canadian hourly workers. The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour in all markets.
Source: ctv business
Home Depot says it will raise pay for Canadian, U.S. workers

Stocks are falling on Wall Street Tuesday amid worries about upcoming profits for companies and the tightening squeeze of higher interest rates.
Source: ctv business
Wall Street weakens as higher rates keep tightening squeeze

The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada will stick to its decision to pause interest rate hikes as an overheated economy cools.
Source: ctv business
Canada’s annual inflation rate slowed in January but grocery prices remain high

As the COVID-19 pandemic sent oil prices plummeting to historic lows, emails obtained by The Canadian Press show Newfoundland and Labrador was quietly bracing for two of its offshore oilfields to be abandoned by their owners.
Source: ctv business
Wildly swinging oil prices will continue, and provinces like N.L. can gain: professor

Ukraine wants Canada to lend its expertise — and donate crucial railway parts — to keep its embattled passenger and cargo rail system running as landmines and missile strikes threaten to stall the country’s lifeline.
Source: ctv business
Ukraine appeals to Canada’s rail manufacturers to repair war-damaged lifeline

The federal Liberal government has yet to respond to a months-old invitation from Tokyo to have Canada rejoin a global environmental organization that regulates the timber trade. A July 2022 briefing note obtained through an access-to-information request shows that Japan has asked Ottawa to be part of the International Tropical Timber Organization.
Source: ctv business
Trudeau government silent on Japan’s invitation to rejoin global timber treaty

Tens of thousands of junior doctors in England have voted for strike action next month, their trade union said on Monday, adding to a series of walkouts by nurses and ambulance workers putting pressure on an already strained health system.
Source: ctv business
U.K. health-care strikes to intensify as junior doctors vote to walk out

Experts say an uptick in drought and other extreme weather events has beef farmers in the U.S. and Canada thinning their herds in near-record numbers, which could lead to supply problems in the beef industry over the longer term.
Source: ctv business
Extreme drought makes cattle farmers thin herds, could cause future supply problems

Jackee Kasandy, founder of the non-profit Black Entrepreneurs and Businesses of Canada Society, is holding a contest with a $25,000 prize for Black entrepreneurs with big ideas and small bank balances.
Source: ctv business
Funding woes inspire K pitching competition for Black entrepreneurs

On Saturday, Twitter users were alerted that the social media app will be disabling a major security feature for those who do not subscribe to Twitter Blue by March 19. But one cybersecurity expert said he thinks this initiative is part of a larger push to change how digital accounts are protected.
Source: ctv business
‘We will see more of this,’ tech expert says, as Twitter prepares to disable security feature for some users