Direct Loan Canada Blog

General Motors said Wednesday that it has secured all of the renewable energy it needs to power all of its U.S. facilities by 2025, 25 years ahead of earlier projections.
Source: ctv business
GM: All U.S. facilities will be powered by renewables by 2025

The federal Competition Bureau has raised significant concerns about WestJet Airlines Ltd.’s proposed acquisition of Sunwing Vacations and Sunwing Airlines, saying the deal will likely result in higher prices and decreased service for Canadians.
Source: ctv business
Competition Bureau raises concerns about WestJet-Sunwing deal

Stocks are off to a mixed start on Wall Street as big drops in several heavyweight technology stocks weighed on major indexes, offsetting gains elsewhere in the market.
Source: ctv business
Big drops in tech giants weigh on stocks on Wall Street

U.K. Treasury chief Jeremy Hunt on Wednesday delayed his much-anticipated economic statement until Nov. 17, giving new Prime Minister Rishi Sunak a chance to weigh in on policies meant to stabilize the country’s finances after his predecessor’s tax-cutting plans triggered market upheaval.
Source: ctv business
U.K. Treasury chief delays detailing new economic plans

The Bank of Canada has raised its overnight rate to 3.75 per cent from 3.25 per cent. Since March, the central bank has increased its policy rate six times, aimed at tackling inflation and bringing it back to its 2 per cent target.
Source: ctv business
Bank of Canada hikes interest rate again, predicts potential recession in 2023

While inflation has scared away many of us from shopping, Canadians aren’t afraid to spend a little more on their Halloween candy cravings.
Source: ctv business
Trick-or-treat: Most Canadians buy Halloween candy they would eat themselves, consider price second

Industry Minister Francois-Philippe Champagne says he will not approve the proposed deal between Rogers Communications Inc. and Shaw Communications Inc., though he left the door open to a revised deal.
Source: ctv business
Minister rejects original Rogers-Shaw deal, leaves door open with new conditions

Restaurants and bars across Canada are hoping this holiday season could finally spell recovery for the debt-laden sector. But, elevated inflation and a potential recession have them worried that their new normal won’t pay the bills.
Source: ctv business
Restaurants hope for holiday boom, but looming recession causes concern

U.S. consumer confidence waned this month as concerns about inflation took hold after receding somewhat in recent months.
Source: ctv business
American consumer confidence takes a hit in October

Australia’s new government released plans Tuesday for more spending on families, the elderly, defence and its Pacific neighbours as the country braces for an economic slowdown due to rising interest rates, inflation and disastrous floods.
Source: ctv business
Australia to raise spending to boost slowing economy