Direct Loan Canada Blog

Elon Musk says he intends to morph Twitter into an ‘everything app’ he calls X.
Source: ctv business
Elon Musk has a ‘super app’ plan for Twitter. It’s super vague

The Polish operator of an oil pipeline running to Germany said Saturday that it has fixed the damage that caused a leak earlier this week and that the flow of crude oil from Russia has been fully restored.
Source: ctv business
Oil flow to Germany resumes after Poland fixed pipeline leak

Britain’s new Treasury chief on Saturday acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister Liz Truss’ tax-cutting plans in order to bring stability to the country after weeks of economic and political turbulence.
Source: ctv business
New U.K. Treasury chief: Mistakes were made, tax rises coming

According to an investigation by the Tech Transparency Project, several fake Canadian visa ads are appearing on Facebook and WhatsApp, targeting migrant hopefuls and stealing their data.
Source: ctv business
Fake Canadian visa program circulating on Facebook and WhatsApp

Bank of Canada governor Tiff Macklem emphasized Friday that he has not changed his mind on interest rate hikes, even as expectations grow about a possible recession next year.
Source: ctv business
Bank of Canada not backing down on rate hikes, even as recession fears grow

Most Canadians who pay for natural gas or electricity can expect their bills to rise by between 50 and 100 per cent on average this winter, according to one energy analyst.
Source: ctv business
Canadian home energy costs to spike by up to 100 per cent on average this winter: analyst

Many economists say a mild recession is on the cards as they look ahead to 2023. Though plenty of Canadians remember living through a recession or two, for millions of others it will be the first major downturn in their adult lives. No two economic downturns are alike. Here’s how this one could affect you.
Source: ctv business
Here’s how a recession could affect your work, real estate and expenses

Beyond Meat Chief Operating Officer Doug Ramsey is leaving the company after his recent arrest for assault.
Source: ctv business
Beyond Meat executive who allegedly bit a man’s nose will leave the company

Continuing strikes at TotalEnergies group refineries in France seriously disrupted fuel supplies Friday after the left-wing CGT union rejected a deal over a pay increase that two other unions had agreed to.
Source: ctv business
Strikes continue in French refineries, disrupt fuel supplies

Africa’s central banks are walking a tightrope trying to curb inflation that is mostly out of their control and causing “horrifying” food insecurity, the International Monetary Fund’s Africa head warned.
Source: ctv business
Global inflation causing ‘horrifying’ food insecurity, says IMF Africa head