Direct Loan Canada Blog

Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.
Source: ctv business
High rates, inflation to slow world growth: OECD forecast

Shares of Zoom Video Communications Inc. have tumbled about 90 per cent from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID world.
Source: ctv business
Zoom shares down 90 per cent from peak as pandemic boom fades

A labour expert said the tense bargaining between Loblaw and its distribution workers in Calgary is emblematic of the wider labour movement in 2022 amid the effects of the pandemic and rising inflation.
Source: ctv business
Loblaw bargaining standoff a sign of heightened labour tension: expert

Canada’s main stock index was up nearly 250 points Tuesday, swept up by a reversal in oil prices and broad-based gains, while U.S. markets also rose.
Source: ctv business
S&P/TSX composite index closes up on oil prices, U.S. markets also rise

The full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new management combs for cash as part of the bankruptcy process.
Source: ctv business
FTX lawyer says ‘substantial amount’ of assets are either stolen or missing

Recent homebuyers with variable-rate mortgages will find the adjustment to higher interest rates more painful, said Bank of Canada senior deputy governor Carolyn Rogers.
Source: ctv business
Some recent homebuyers will find rate hikes painful as mortgages go up: BoC

Canadian labour groups have filed a complaint with a federal corporate watchdog saying Canadian Tire failed to ensure workers in its South Asian supplier factories are paid a living wage.
Source: ctv business
Labour groups allege workers at Canadian Tire supplier factories paid poverty wages

Russian energy giant Gazprom has threatened to reduce natural gas supplies through the last pipeline heading to Europe via Ukraine, saying the amount it’s supplying for Moldova is not ending up in the former Soviet republic.
Source: ctv business
Russia’s Gazprom threatens Europe gas cuts through Ukraine

Qatar’s last-minute decision to ban alcohol at World Cup stadiums has left Budweiser with loads of beer left on its hands. The company has an innovative solution to offload it.
Source: ctv business
We now know what Budweiser will do with the beer it can’t sell at the World Cup

The new $500-million Ukraine Sovereignty Bond program gives Canadians the chance to help the embattled nation provide essential services this winter.
Source: ctv business
Canadians can now buy government bonds to support Ukraine