Direct Loan Canada Blog

A Delaware judge is hearing arguments over the exchange of information by lawyers for Twitter and Elon Musk in a lawsuit in which the social media giant is seeking to force Musk to carry through with his US$44 billion acquisition of Twitter.
Source: ctv business
Attorneys for Musk, Twitter argue over information exchange

Canadian employers are anticipating the highest salary increase in two decades as they try to balance inflationary pressures, surging interest rates, recession risks and a tight labour market, a new survey has found.
Source: ctv business
Employers in these provinces are projecting the largest average salary increases next year

The British pound stabilized in Asian trading on Tuesday after plunging to a record low a day earlier, as the Bank of England and the British government tried to soothe markets nervous about a volatile U.K. economy.
Source: ctv business
Pound stabilizes but turmoil continues for U.K. economy

More than 60 police officers raided a luxury yacht in northern Germany linked to a Russian businessman in connection with alleged breaches of sanctions and money laundering rules, officials said Tuesday.
Source: ctv business
German police raid yacht linked to Russian oligarch

Canada’s main stock index was up more than 100 points in late-morning trading as gains in the energy, base metal and technology sectors helped lift it higher, while U.S. stock markets also climbed higher.
Source: ctv business
S&P/TSX composite up more than 100 points, U.S. stock markets also higher

Along with a high inflation rate, Canadians are also contending with a loonie that’s dropping in value. Personal finance columnist Christopher Liew explains the impact this will have on your personal finances, and tips to make your money go further.
Source: ctv business
Here’s how the falling loonie may impact your personal finances

Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year, the Organization for Economic Co-operation and Development said Monday in a darkening outlook.
Source: ctv business
War in Ukraine drags on global economy into 2023, OECD says

Source: ctv business
Ship with Ukrainian corn, vegetable oil docks in Lebanon

Scotiabank says chief executive Brian Porter will retire at the end of January next year.
Source: ctv business
Scotiabank CEO Brian Porter to retire next year, Finning CEO will take over

The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fuelling concerns about the government’s economic policy as the United Kingdom teeters toward recession.
Source: ctv business
British pound plunges to new low as tax cuts spark concern