Direct Loan Canada Blog

Elon Musk’s monthslong tussle with Twitter took another twist Tuesday when the Tesla billionaire seemed to return to where he started in April — offering to buy the company for US$44 billion.
Source: ctv business
What’s next in Musk’s battle with Twitter after billionaire’s latest offer?

HSBC Bank Canada is up for a potential sale as global banking giant HSBC Holdings Plc faces pressure to shake up operations from its largest shareholder.
Source: ctv business
HSBC considering potential multibillion-dollar sale of Canadian business

Germany’s plan to spend billions of euros to help keep gas prices low for its consumers and businesses has received a tepid welcome from fellow European Union members, with some worrying that the measure could exacerbate the energy crisis.
Source: ctv business
German gas price plan exposes EU divisions over energy

Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his US$44 billion deal to buy the company after months of legal battles.
Source: ctv business
Musk proposes going ahead with deal to buy Twitter: report

With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they’re putting off buying a home.
Source: ctv business
Nearly 1 in 5 Canadians putting off buying a home due to inflation, high interest rates: survey

About a quarter of Canadians are losing confidence in the stock market and are now looking to cash out their investments, a new survey has found.
Source: ctv business
A quarter of Canadians are looking to cash out their investments, survey finds

Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35 per cent this year, the World Bank forecast Tuesday.
Source: ctv business
World Bank: Ukraine’s war-torn economy will sink 35 per cent in 2022

Australia’s central bank on Tuesday boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6 per cent.
Source: ctv business
Australian central bank lifts cash rate to 9-year high 2.6 per cent

A broad-based rally pushed Canada’s main stock index up more than 400 points in early-afternoon trading, while U.S. stock markets were also up.
Source: ctv business
S&P/TSX composite up more than 400 points in broad-based rally, U.S. markets also up

Liz Truss is spending her first Conservative Party conference as leader this week scrambling to reassure financial markets spooked by her government’s see-sawing economic pledges, while trying to restore her authority with a party that fears its chance of reelection is crumbling.
Source: ctv business
U.K. Prime Minister Liz Truss faces Conservative dissent amid policy U-turns