Direct Loan Canada Blog

European Union nations struggled to find full consensus Friday on ways to shield the population from dramatically increasing energy prices that threaten to plunge millions into cold and poverty over the winter as Russia chokes off natural gas supplies.
Source: ctv business
EU nations struggle to find joint approach on energy prices

A rise in the unemployment rate in August, coming on the heels of job losses over the last few months, suggests the economy is beginning to slow amid rising interest rates.
Source: ctv business
Job losses continue for third month, signalling economic slowdown

Gains in the energy, base metal and technology sectors helped lead a broad-based rally as Canada’s main stock index gained nearly 300 points in late-morning trading, while U.S. stock markets also marched higher.
Source: ctv business
S&P/TSX composite up nearly 300 points, U.S. stock markets also climb higher

Amid increasingly high mortgage and interest rates, Canadians struggling to get into the housing market are looking into rent-to-own as an alternative route to homeownership.
Source: ctv business
Rent-to-own: What is it and is it right for you?

Bank of Canada senior deputy governor Carolyn Rogers says the journey back to two per cent inflation will take time and a that period of lower economic growth is necessary to bring inflation down.
Source: ctv business
Lower economic growth necessary to bring inflation down: BoC senior deputy governor

Four European countries that border Russia will take regional steps this month to limit people from Russia from entering Europe’s visa-free zone by land because they “are increasingly concerned about the substantial and growing influx of Russian citizens.”
Source: ctv business
4 nations bordering Russia to restrict Russian tourists

A Wisconsin judge has ruled in favour of an Indigenous band in its dispute with Enbridge over Line 5, but stopped short of shutting down the controversial cross-border pipeline.
Source: ctv business
Wisconsin judge rules against Enbridge on Line 5, but stops short of shutdown

New British Prime Minister Liz Truss announced Thursday that her Conservative government will cap domestic energy prices for homes and businesses to ease a cost-of-living crisis that has left residents across the United Kingdom facing a bleak winter.
Source: ctv business
Truss: U.K. to cap domestic energy prices, end fracking ban

The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out record inflation that is squeezing consumers and pushing Europe toward recession.
Source: ctv business
European Central Bank makes largest-ever interest rate hike

A Canadian Security Intelligence Service employee is appealing a Federal Court judge’s decision to toss out his discrimination lawsuit against the spy agency.
Source: ctv business
Spy service analyst appeals judge’s decision to throw out his discrimination case