Direct Loan Canada Blog

The Bank of Canada has raised its key interest rate by three-quarters of a percentage point, bringing the central bank’s target for the overnight rate to 3.25 per cent.
Source: ctv business
Bank of Canada hikes interest rate by 75 basis points, anticipates another increase

Disgraced Theranos CEO Elizabeth Holmes requested a new trial Tuesday, asserting in a court filing that a key witness for the prosecution now regrets the role he played in her conviction for investor fraud and conspiracy related to her failed blood-testing startup.
Source: ctv business
Elizabeth Holmes seeks new trial, cites key witness’ regrets

The German government plans to drop a requirement for people to wear masks on flights to and from the country, though the health minister said Tuesday that it could be reimposed if coronavirus cases rise sharply.
Source: ctv business
Germany plans to drop mask-wearing mandate on planes

The death of Bed Bath & Beyond Inc’s chief financial officer, who fell from New York’s Tribeca skyscraper known as the ‘Jenga’ tower on Friday afternoon, has been ruled a suicide, the New York City Medical Examiner’s Office said on Monday.
Source: ctv business
Bed Bath & Beyond CFO’s death ruled a suicide

A union representing pilots at Lufthansa on Tuesday called off a planned two-day strike after a last-minute agreement with Germany’s biggest airline in a pay dispute.
Source: ctv business
Deal with union averts pilot strike at Germany’s Lufthansa

Indigo Books & Music Inc. says Peter Ruis has been promoted to chief executive, replacing Heather Reisman, who founded the company.
Source: ctv business
Indigo names Peter Ruis as new CEO, Heather Reisman to become executive chair

India and Bangladesh on Tuesday signed a water-sharing agreement and six other pacts, including ones on space technology and scientific collaboration, aimed at boosting ties between the two countries.
Source: ctv business
India, Bangladesh sign water-sharing deal, in boost to ties

The European Union’s next steps for addressing the continent’s worsening energy crisis following Russia’s invasion of Ukraine are expected to be unveiled next week, the European commissioner for energy said Tuesday.
Source: ctv business
Commissioner: EU to unveil new responses to energy crisis

Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in Ukraine, said a report published Tuesday.
Source: ctv business
Russia sends more energy to Asia as Europe cuts back

Equifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year.
Source: ctv business
Average non-mortgage debt tops ,000, up 2.4 per cent from last year, Equifax says