Direct Loan Canada Blog

Stocks bounced higher and Treasury yields fell sharply in afternoon trading Wednesday after the U.S. Federal Reserve indicated it might slow down the pace of its interest rate increases.
Source: ctv business
Stocks turn higher after U.S. Federal Reserve hints at slower rate hikes

The European Central Bank is warning that many of the financial institutions it oversees are moving too slowly to shield themselves and Europe’s banking system from the impact of climate change, and it is setting new deadlines to meet those requirements.
Source: ctv business
European Central Bank pushes banks to speed up climate work

CVS Health and Walgreen Co. announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart is in discussions for a deal.
Source: ctv business
CVS, Walgreens announce opioid settlements totaling B

Employers may have a tougher time hiring temporary workers this upcoming holiday season as the growth in job postings compared to pre-pandemic outweighs those looking, a new report has found.
Source: ctv business
Seasonal job postings soar, but employers may struggle to fill them, report shows

The criminal tax fraud trial of the Trump Organization went on hold on Tuesday after the company’s controller, Jeffrey McConney, who had been testifying as a prosecution witness, tested positive for COVID-19.
Source: ctv business
Trump Organization fraud trial delayed after witness tests positive for COVID

Canadian luxury parka maker Canada Goose Holdings Inc. has trimmed its financial guidance for the year as COVID-19 restrictions in China and worries about the global economy weigh on the company.
Source: ctv business
Canada Goose cuts full-year guidance as COVID-19 restrictions hurt China business

Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the base metal and technology sectors, while U.S. stock markets also fell.
Source: ctv business
S&P/TSX composite edges lower, U.S. stock markets trade down

Diplomatic efforts salvaged a wartime agreement that allowed Ukrainian grain and other commodities to reach world markets, with Russia saying Wednesday it would stick to the deal after Ukraine pledged not to use a designated Black Sea corridor to attack Russian forces.
Source: ctv business
Russia rejoins wartime deal on Ukrainian grain exports

The Canadian government on Tuesday announced enhancements to the Canada Student Financial Assistance Program’s repayment assistance plan, bringing more flexibility for student and apprentice loan borrowers.
Source: ctv business
Canadian government makes student loan repayment assistance plan more flexible

A labour union is raising concerns about Sunwing’s proposal to hire temporary foreign workers to address Canada’s pilot shortage in preparation for the winter travel surge, arguing the airline hasn’t done enough to attract local employees.
Source: ctv business
Sunwing proposed hiring temporary foreign pilots; union concerned