Direct Loan Canada Blog

Six months after Russia invaded Ukraine, the consequences are posing a devastating threat to the global economy. Gas is not only much more costly, it might not be available at all if Russia completely cuts off supplies to Europe to avenge western sanctions, or if utilities can’t store enough for winter.
Source: ctv business
Russia’s war at 6 months: A global economy in growing danger

Canada’s main stock index was down more than 200 points in late-morning trading in a broad-based decline as the price of oil moved lower and U.S. stock markets also dropped.
Source: ctv business
S&P/TSX composite down more than 200 points, U.S. stock markets also retreat

The majority of Canadians say they have cut spending in recent months, and two thirds of Canadians say they are stressed about money, according to an Angus Reid Institute survey.
Source: ctv business
Majority of Canadians say they have cut spending in recent months: survey

The chief executive of embattled Israeli spyware maker NSO has stepped down as part of a corporate reorganization, the company announced Sunday.
Source: ctv business
NSO chief steps down as Israeli spyware firm restructures

Canadian banks will give some insight into where they see the economy going when they start to report quarterly earnings this week.
Source: ctv business
Canadian banks to report earnings amid rising interest rate environment

The first day of a planned strike at Britain’s biggest container port started Sunday, joining a series of walkouts by transportation workers that have disrupted economic activity across the country.
Source: ctv business
Strike at biggest shipping port adds to U.K. industrial chaos

Shortly before his two-day trip to Canada, German Chancellor Olaf Scholz received support for his interest in Canadian liquid natural gas to help replace Russian gas imports from an unexpected ally: Ukrainian state-owned gas company Naftogaz.
Source: ctv business
Ukraine’s state-owned gas company backs Scholz’s bid for Canadian LNG ahead of trip

In the second quarter of 2022, Canada’s housing market saw the ‘worst deterioration’ of affordability in 41 years, a new report from National Bank Financial Markets has found.
Source: ctv business
Canada’s housing affordability saw ‘worst deterioration’ in 41 years: report

The fast-food chain Wendy’s says it is pulling lettuce from sandwiches in its restaurants in Michigan, Ohio and Pennsylvania after people eating them there reported falling ill.
Source: ctv business
Wendy’s pulls lettuce from sandwiches in some U.S. restaurants amid E. coli outbreak

With more of a whisper than a resounding clang, Greece has shed another restriction dating to its painful financial bailout years. Saturday’s formal end of ‘enhanced surveillance’ by European Union creditors means the country will no longer face quarterly scrutiny of its public finances to win debt relief payments.
Source: ctv business
Greece rid of budget watch but inflation, energy woes bite