Direct Loan Canada Blog

Milk prices in Canada are expected to go up again in the new year. The Canadian Dairy Commission said Tuesday it has approved an increase in farm gate milk prices of about 2.2 per cent, or just under two cents per litre, effective Feb. 1, 2023.
Source: ctv business
Milk, butter, cheese likely to cost more in Canada in the new year

The Toronto Stock Exchange has resumed trading after a technical issue halted the market shortly after the opening bell Tuesday.
Source: ctv business
Toronto Stock Exchange resumes trading after morning halt

Ships loaded with grain departed Ukraine on Tuesday despite Russia suspending its participation in a UN-brokered deal that ensures safe wartime passage of critical food supplies meant for parts of the world struggling with hunger.
Source: ctv business
Grain ships depart Ukraine, security unassured

BP’s earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine.
Source: ctv business
BP profits soar in 3Q as pressure increases for windfall tax

Iran’s currency dropped to its lowest value against the dollar on Tuesday, after weeks of nationwide unrest roiling the country. A stalemate in negotiations to revive Tehran’s nuclear deal with world powers has also weighed heavily on the rial.
Source: ctv business
Iran’s currency hits new low against the dollar amid unrest

Canada’s main stock index was up more than 100 points in late-morning trading, but off its highs of the day as trading resumed after being halted for more than 30 minutes due to a technical problem on the Toronto Stock Exchange.
Source: ctv business
S&P/TSX composite up more than 100 points as trading resumes after technical issue

Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers are expected to testify before the Senate banking committee this evening.
Source: ctv business
Macklem, Rogers to appear before Senate banking committee Tuesday evening

Billionaire Elon Musk fired the entire board of directors at Twitter in one of his first orders of business since he took over the social media giant and one of the board members who was shown the door is a Quebec executive.
Source: ctv business
Quebecer among Twitter board members fired after Elon Musk takeover

Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform.
Source: ctv business
Musk floats paid Twitter verification, fires board

The economies of Middle Eastern and North African countries were resilient this year, but double-digit inflation is expected to slow growth in 2023, the International Monetary Fund said Monday.
Source: ctv business
IMF says Mideast, North Africa economies resilient in 2022