Direct Loan Canada Blog

Russia and Ukraine traded accusations Monday that each side is shelling Europe’s biggest nuclear power plant, in southern Ukraine. Russia claimed that Ukrainian shelling caused a power surge and fire and forced staff to lower output from two reactors, while Ukraine has blamed Russian troops for storing weapons there.
Source: ctv business
Nuclear plant in Ukraine is shelled; Rising dangers feared

Stocks turned mixed in afternoon trading on Wall Street Monday as investors prepare for a busy week of updates on inflation.
Source: ctv business
U.S. stocks waver as investors await latest inflation updates

The new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle, and for the Canadian auto industry, the stakes are enormous.
Source: ctv business
Bill with tax credits for ‘North American’ electric vehicles passes in U.S. Senate

U.S. demand for grocery delivery is cooling as prices for food and other necessities rise. Some are shifting to pickup — a less expensive alternative where shoppers pull up curbside or go into the store to collect their already-bagged groceries — while others say they’re comfortable doing the shopping themselves.
Source: ctv business
U.S. demand for grocery delivery cools as food costs rise

China’s exports grew 18 per cent to US$333 billion compared to the same period last year, and were up from 17.9 per cent in June, according to data from China’s customs.
Source: ctv business
China’s July exports rise, with trade surplus at record-high

Benefits rolled out at the onset of the COVID-19 pandemic allowed vulnerable Canadians to stay healthy while maintaining an income, but business supports were excessive and show the outsized influence of business groups on public policy, economists say.
Source: ctv business
COVID benefits too generous with Canadian businesses, stringent with workers: experts

The deconstruction of the barge that floated into Vancouver’s English Bay last year and got stuck is now underway.
Source: ctv business
Deconstruction of stranded barge progressing at Vancouver’s English Bay

Canadians are spending the highest proportion of their income on gas — at 4.4 per cent — compared with other G7 nations, according to global gas price tracking website GlobalPetrolPrices.com.
Source: ctv business
Where Canada stands among nations paying the highest gas prices

Tens of thousands of flyers had their travel plans upended Friday after airlines cancelled more than 1,100 flights for a second straight day because of thunderstorms hitting the East Coast.
Source: ctv business
Storms ground U.S. air travellers as airlines cancel flights

Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately US$1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.
Source: ctv business
Amazon to buy vacuum maker iRobot for roughly US.7B