Direct Loan Canada Blog

The International Monetary Fund is facing pressure to reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine — which is one of the fund’s biggest borrowers.
Source: ctv business
IMF fees on war-torn countries closer to elimination

A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced Friday, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity and heat homes.
Source: ctv business
Russia’s Gazprom to shut gas pipeline to Europe for 3 days

Walmart, the U.S.’s largest employer, is expanding its abortion coverage for employees after staying largely mum on the issue for months following the Supreme Court ruling that scrapped a nationwide right to abortion.
Source: ctv business
Walmart expands abortion coverage for U.S. employees

Consumer behaviour, a looming recession and the reactions of retailers to pandemic-driven supply chain issues are combining to drive a liquidation renaissance, according to one business advisor and retail futurist who spoke with CTVNews.ca.
Source: ctv business
Retailers sitting on ‘mountains’ of excess inventory in need of liquidation: expert

Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said on Friday, piling pressure on the region as it seeks to refuel ahead of winter.
Source: ctv business
Nord Stream 1 pipeline to shut for three days in latest fuel blow to Europe

Shoppers at government-run British Columbia liquor stores will see purchase limits starting Friday amid a major union’s ongoing job action.
Source: ctv business
Purchases at government-run liquor stores limited during BCGEU strike action

Shoppers at government-run British Columbia liquor stores will see purchase limits starting Friday amid a major union’s ongoing job action.
Source: ctv business
‘This is not fair’: Hospitality industry urges BCGEU to end strike action, lift alcohol restriction

Canada’s main stock index was down nearly 200 points in late-morning trading amid losses in the technology and base metal sectors, while U.S. stock markets also fell.
Source: ctv business
S&P/TSX composite down nearly 200 points, U.S. stock markets also retreat

Wayfair is cutting nearly 900 jobs, or about five per cent of the once-hot online retailer’s global workforce, as it looks to regain its financial footing in a post-pandemic future.
Source: ctv business
Wayfair is cutting five per cent of its global workforce

Canadian retail sales increased 1.1 per cent to $63.1 billion in June, boosted by higher sales at gasoline stations and motor vehicle and parts dealers, Statistics Canada said Friday.
Source: ctv business
Statistics Canada says retail sales rose 1.1 per cent in June to .1 billion