Direct Loan Canada Blog

While consecutive interest rate hikes have helped control inflation, a recent report by the World Bank showed that such a series of rate hikes could push the world into a recession in 2023, largely because of the degree of synchronicity not seen over the past five decades.
Source: ctv business
Consecutive rise in interest rates could lead to global recession in 2023: World Bank

Amid soaring prices at grocery stores, a new survey has found that 24 per cent of Canadians have had to cut back on the amount of food they were buying.
Source: ctv business
Nearly a quarter of Canadians cutting back on food purchases amid high inflation: survey

Twitter is set to depose Elon Musk on Sept. 26 and 27 as part of ongoing litigation over their US$44 billion acquisition deal, according to a court filing in the case.
Source: ctv business
Twitter to depose Elon Musk next week

Prince Edward Island’s minimum wage is set to reach $15 by the end of 2023 following two increases.
Source: ctv business
P.E.I.’s minimum wage to reach by end of 2023

Statistics Canada says employers were actively seeking to fill 997,000 vacant positions in the second quarter, the highest quarterly number on record.
Source: ctv business
Canadian employers sought to fill nearly one million jobs in Q2

Stocks are opening broadly lower on Wall Street and Treasury yields are rising ahead of a key decision on interest rates by the U.S. Federal Reserve.
Source: ctv business
U..S stocks fall broadly ahead of key Fed decision on rates

Prime Minister Liz Truss has kicked off her first visit to the United States as Britain’s leader with an admission that a U.K-U.S. free trade deal is not going to happen for years.
Source: ctv business
British PM Truss doesn’t expect U.K.-U.S. trade deal anytime soon

Inflation in Canada is cooling faster than expected, but economists don’t expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.0 per cent in August, Statistics Canada said.
Source: ctv business
Inflation is cooling, but the Bank of Canada isn’t done its fight: economists

Swiss officials on Monday formally signed a procurement contract to acquire three dozen F-35 fighter jets from the United States as part of a planned refurbishment of Switzerland’s air force that has run afoul of critics of the big defense purchase, the government said.
Source: ctv business
Swiss sign controversial USB deal to purchase F-35 fighters

Estonia, Latvia and Lithuania closed their borders Monday to most Russian citizens in response to the wide domestic support in Russia for the war in Ukraine.
Source: ctv business
Baltic nations close borders to Russians over Ukraine war