Direct Loan Canada Blog

As high inflation continues to impact consumers, some Canadians have had to take serious measures to cut down on their costs, such as driving shorter distances, paying more attention to sales at the grocery store and even skipping meals.
Source: ctv business
Skipping meals and cutting back: How some Canadians are dealing with higher cost of living

China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S.
Source: ctv business
China lashes out at latest U.S. export controls on chips

The large skills gap in Canada’s labour force has only widened during the pandemic, according to the Conference Board of Canada, with experts saying this is a ‘critical’ time when the country must invest to create a more skilled workforce if it wants to stay competitive.
Source: ctv business
Canada’s critical ‘skills gap’ problem explained in 6 charts

Elon Musk has pledged to provide US$46.5 billion in equity and debt financing for his acquisition of Twitter, which covers the US$44 billion price tag and closing costs. The rest will be provided by equity financing from large investors, while major banks have committed to provide US$13 billion.
Source: ctv business
Who is financing Elon Musk’s US billion deal to buy Twitter?

U.S. President Joe Biden on Thursday effectively acknowledged the failure of one of his biggest and most humiliating foreign policy gambles: a fist-bump with the de-facto leader of Saudi Arabia, the crown prince associated with human rights abuses.
Source: ctv business
A bump and a miss: Saudi oil cut slaps down Biden’s outreach

Immigration Minister Sean Fraser says Canada will temporarily allow international students to work more than 20 hours a week to help address ongoing labour shortages.
Source: ctv business
Canada to allow international students to work more hours due to labour shortage

The United States on Thursday imposed sanctions on a Myanmar businessman and two others involved in procuring Russian-made weapons from Belarus for the junta that seized power in the Southeast Asian country early last year, Secretary of State Antony Blinken said.
Source: ctv business
U.S. sanctions target Myanmar junta-linked businessman for procuring Russian-made weapons

The U.S Defence Department added more Chinese companies, including drone maker DJI Technology and surveillance equipment maker Zhejiang Dahua Technology, to a blacklist that subjects them to an investment ban for Americans.
Source: ctv business
U.S. adds China’s BGI Genomics and drone maker DJI to investment ban

Good news on the economy remains bad news for Wall Street, and stocks are falling Friday on worries a still-strong U.S jobs market may actually make a recession more likely.
Source: ctv business
Stocks slump on fears about rates, recession after jobs data

If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the US$44 billion deal: Keeping his financing in place.
Source: ctv business
To buy Twitter, Musk has to keep banks, investors on board