Direct Loan Canada Blog

A ruptured pipe dumped enough oil this week into a northeastern Kansas creek to nearly fill an Olympic-sized swimming pool, becoming the largest onshore crude pipeline spill in nine years and surpassing all the previous ones on the same pipeline system combined, according to federal data.
Source: ctv business
Oil spill in rural Kansas creek shuts down Keystone pipeline

The Biden administration on Thursday moved to block Microsoft’s US$69 billion bid to buy ‘Call of Duty’ maker Activision Blizzard, throwing a stumbling block in front of the tech giant’s plans to rapidly expand its portfolio of popular games and catch up to bigger rivals.
Source: ctv business
Microsoft gaming ambitions hobbled as U.S. seeks to block Activision deal

Canada’s main stock index edged up in late-morning trading on gains in the technology and metal sectors. The S&P/TSX composite index was up 61.39 points at 20,030.58.
Source: ctv business
S&P/TSX composite up in late-morning trading, boosted by gains in tech and metals

Canada’s main stock index edged downwards and U.S. markets ticked slightly higher on what was overall a quiet day of trading Thursday.
Source: ctv business
S&P/TSX composite edges down; U.S. markets tick higher on quiet trading day

Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices.
Source: ctv business
From missing family time to making food, Canadians are cutting back amid inflation

Canadians and small businesses sending parcels this holiday season may be surprised to see a steep surcharge on domestic shipping due to the high price of diesel.
Source: ctv business
Steep surcharges for mailing parcels may dampen holiday spirits

A new inflation report by Scotiabank warns that well over half of cost increases observed in Canada reflect global supply challenges, impacting inflation expectations and monetary policies.
Source: ctv business
Inflation largely reflects global, foreign supply challenges, Scotiabank reports

Drivers hoping for cheaper gas can fill up after the price at the pump across Canada dropped today to 143 cents.
Source: ctv business
Gas prices down across Canada, likely to last a few weeks leading up to holidays

The Bank of Canada will study the most recent economic data to gauge whether to raise interest rates further, a deputy governor said on Thursday, adding it would still move forcefully if necessary.
Source: ctv business
Bank of Canada deputy governor says future rate decisions more data-dependent

Federal regulators will open their campaign to block Facebook parent Meta’s acquisition of a virtual-reality company, with opening statements beginning Thursday in a San Jose, California, courtroom.
Source: ctv business
FTC challenges Meta acquisition of VR company in court