Direct Loan Canada Blog

Offering a cheaper way to send cargo by air, an Alberta-based company wants to pay travellers flying without checked baggage to transport packages using their luggage allowances.
Source: ctv business
Crowdshipping: Canadian company pays air travellers to transport cargo in luggage

All grocery stores under the Loblaw umbrella in Manitoba will no longer be using single-use plastic bags starting Tuesday.
Source: ctv business
Manitoba Loblaw stores to stop using single-use plastic bags

In March, clothing retailer Gap Inc. joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine. But Russian customs records reviewed by Reuters show that between March 11 and July 16, Gap’s franchisee in Moscow received 1,585 clothing shipments with a declared value of US$5.2 million.
Source: ctv business
Gap says Russia deliveries stopped in March. But its clothing kept coming

Ships brought grain from Ukrainian ports on Monday, suggesting Moscow had stopped short of reimposing a blockade that might have caused world hunger, despite suspending its participation in a UN program to safely export grain from the war zone.
Source: ctv business
Grain ships sail despite Moscow’s pullout from deal

Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of ‘economic uncertainty’ ahead for the world.
Source: ctv business
Saudi, UAE back OPEC cuts as U.S. envoy warns of ‘uncertainty’

Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans’ ability to spend.
Source: ctv business
Inflation hits new record in Europe, slowing economy

Strength in the energy sector helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets moved lower to start the trading week.
Source: ctv business
Energy stocks help lift S&P/TSX composite higher, U.S. stock markets in the red

Production of Apple Inc’s iPhones could slump by as much as 30 per cent at one of the world’s biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the matter said on Monday.
Source: ctv business
Output of Apple iPhones at China plant could fall 30 per cent amid COVID curbs: Reuters source

As criticism piles on from politicians, pundits and interest groups, Bank of Canada governor Tiff Macklem says he’s felt no threat to the institution’s independence.
Source: ctv business
Amid growing criticism, Macklem says Bank of Canada’s independence not under threat

Workers in a manufacturing facility in the central Chinese city of Zhengzhou appear to have left to avoid COVID-19 curbs, with many travelling on foot for days after an unknown number of employees were quarantined in the facility after a virus outbreak.
Source: ctv business
Workers leave iPhone factory in Zhengzhou amid COVID curbs