Direct Loan Canada Blog

More political tumult in Britain is likely to further stall trade talks with Canada, experts say – but Canada’s high commissioner in London is more optimistic.
Source: ctv business
Truss resignation likely to stall Canada-U.K. trade deal, experts say

Tesla’s advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling that the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel.
Source: ctv business
Tesla cars will not be approved as fully self driving this year, Musk says

Even as recession worries intensify in Canada, the central bank is likely to go ahead with another supersized interest rate hike next week after data showed underlying inflation was stubbornly persistent despite aggressive tightening, analysts said.
Source: ctv business
Canada recession may be ‘necessary evil’ as central bank queues big hike

A superyacht linked to sanctioned Russian tycoon Alexey Mordashov left Hong Kong for South Africa on Thursday, nearly two weeks after the U.S. accused the city of operating as a safe haven for sanctioned individuals.
Source: ctv business
Yacht linked to sanctioned Russian tycoon leaves Hong Kong

The European Union on Thursday imposed sanctions on Shahed Aviation Industries in Iran and three Iranian armed forces generals for undermining Ukraine’s territorial integrity by helping to supply drones to Russia to use in the war against its neighbour.
Source: ctv business
EU slaps sanctions on Iran drone maker, military officers

Barilla can’t avoid a class-action lawsuit over allegedly deceptive advertising about the pasta’s origins, a federal judge ruled this week.
At issue is the brand’s slogan ‘Italy’s No. 1 brand of pasta,’ which the lawsuit says can lead customers to believe it’s actually made in Italy.
Source: ctv business
Is Barilla really ‘Italy’s No. 1 brand of pasta?’ A lawsuit says no

Turkey’s central bank has slashed interest rates for the third month in a row, making its biggest drop this year despite sky-high inflation that is squeezing people’s finances as it follows President Recep Tayyip Erdogan’s unorthodox economic views.
Source: ctv business
Turkish central bank makes huge rate cut amid 83 per cent inflation

After Spain and Portugal managed to free themselves from the EU pricing system, with benefits they say are noticeable, the 27-nation European Union is working this week on ways to temper energy prices going into winter.
Source: ctv business
Spain, Portugal eased energy prices. Can they teach the EU?

Stocks rose in morning trading on Wall Street Thursday as markets continue an unsteady search for direction amid more mixed news on company earnings.
Source: ctv business
U.S. stocks rise as big earnings week continues, Tesla slides

European Union leaders were heading into a two-day summit Thursday with opposing views on whether, and how, the bloc could impose a gas price cap to contain the energy crisis fuelled by Russian President Vladimir Putin’s invasion of Ukraine and his strategy to choke off gas supplies to the bloc at will.
Source: ctv business
EU leaders open divisive summit on energy crisis