Direct Loan Canada Blog

U.K. Treasury chief Jeremy Hunt has pledged help to the most vulnerable weather Britain’s cost-of-living crisis, even as he announced a raft of spending cuts and tax increases designed to mend the country’s battered finances.
Source: ctv business
U.K. push to restore finances means higher taxes, energy bills

A wartime agreement that allowed grain exports from Ukraine to resume and helped temper rising global food prices will be extended by 120 days, the United Nations and other parties to the deal said Thursday, a move welcomed by financial markets.
Source: ctv business
Russia-Ukraine grain deal extended in win for food prices

Canadians who invested in cannabis companies have lost more than $131 billion, according to data collected by law firm Miller Thomson, which calculated the total losses of 183 publicly traded and licenced cannabis producers.
Source: ctv business
Canadians have lost more than 1 billion investing in cannabis companies: firm

Statistics Canada said Wednesday that higher mortgage rates are helping fuel the latest high inflation data. Here’s how the relationship between interest rate hikes and inflation could play out in Canada.
Source: ctv business
How the relationship between interest rate hikes and inflation plays out in Canada

U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David, claiming they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts.
Source: ctv business
FTX’s Bankman-Fried, Tom Brady and other celebrity promoters sued by crypto investors

Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday.
Source: ctv business
U.K. inflation accelerates to 41-year high of 11.1%

Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than US$55 billion.
Source: ctv business
Elon Musk testifies in lawsuit over Tesla compensation package

Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in October from its high for the year reached in September.
Source: ctv business
CMHC says annual pace of housing starts slowed in October

Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession.
Source: ctv business
Jeff Bezos’ top tips for managing the economic downturn

Loblaw Companies Ltd. reported its third-quarter profit rose about 30 per cent compared with a year ago.
Source: ctv business
Loblaw Companies Ltd. reports Q3 profit and revenue up from year ago