Direct Loan Canada Blog

Hindenburg Research, the financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling, is taking on one of the world’s richest men. Hindenburg is back in the headlines after last week accusing Indian conglomerate Adani Group of ‘a brazen stock manipulation and accounting fraud scheme.’
Source: ctv business
What is Hindenburg Research firm accusing Adani Group of fraud?

Higher grocery prices are expected to hit stores across Canada soon as a blackout on price increases over the holiday season comes to an end.
Source: ctv business
Food prices set to increase — again — as blackout on price hikes ends at some stores

A report from an investor-focused advocacy group raises questions about how well some of Canada’s biggest investors are meeting their climate commitments. The report from Investors for Paris Compliance (IPC) looks at the voting records on shareholder proposals by 19 Canadian members of Climate Action 100+, a global coalition with around 700 members representing over $68 trillion in assets under management.
Source: ctv business
Investors not walking the talk when voting on climate commitments, report

Experts say Canada’s plan to increase immigration may ease some pressures in the labour market, but bigger changes are needed to ensure new permanent residents are matched with the jobs that most need filling.
Source: ctv business
Canada’s immigration increase alone won’t fix the labour market, experts say

Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $86 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia’s richest person.
Source: ctv business
Gautam Adani loses Asia’s richest crown as stock wipeout reaches B

Europe’s inflation rate dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices. The consumer price index for the 20 countries that use the euro currency fell to 8.5 per cent in January from a year earlier, European Union statistics agency Eurostat said Wednesday. That’s after annual inflation hit 9.2 per cent in December.
Source: ctv business
European inflation eases for third month to 8.5 per cent

Thousands of schools in the U.K. closed some or all of their classrooms, train services were paralyzed and delays were expected at airports on the biggest day of industrial action Britain has seen in more than a decade, as unions stepped up pressure on the government Wednesday to provide better pay amid a cost-of-living crisis.
Source: ctv business
Day of disruption in U.K. as hundreds of thousands join strike

Loblaw will not be extending its price freeze on No Name brand products, but vows to keep the yellow label product-pricing flat ‘wherever possible.’
Source: ctv business
Loblaw ends No Name price freeze, vows ‘flat’ pricing ‘wherever possible’

The Canadian economy grew slightly in November and looks to have stalled further at the end of the year as higher interest rates began to slow spending.
Source: ctv business
Canadian economy grew slightly in November, expected to slow further

Faced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent.
Source: ctv business
‘They fire, we hire’: Germany seizes on Silicon Valley’s woes