Direct Loan Canada Blog

The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it forecast that the war in Ukraine would fuel further inflation and tip the U.K. economy into a prolonged recession.
Source: ctv business
Bank of England predicts recession at the end of the year

Australia’s new government announced on Thursday it plans to prevent development of a coal mine due to the potential impact on the nearby Great Barrier Reef.
Source: ctv business
Australia to protect Barrier Reef by banning coal mine

As Canada and other Western nations ramp up their efforts to build stronger political and economic ties in Asia, business groups are calling on the federal government to finally lock in a trade agreement with India.
Source: ctv business
Business councils call on federal government to secure trade agreement with India

Taiwan cancelled airline flights Thursday as the Chinese navy fired artillery near the island in retaliation for a top American lawmaker’s visit, but the impact on shipments of processor chips and other goods needed by global industries was unclear.
Source: ctv business
Taiwan cancels flights as China holds military drills

Canada’s main stock exchange was up in late-morning trading with some help from the industrials sector, as U.S. markets fell.
Source: ctv business
S&P/TSX composite up in late-morning trading, U.S. markets down

Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a US$44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday.
Source: ctv business
Musk response to Twitter lawsuit to be made public by Friday

After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of the U.S. Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry.
Source: ctv business
U.S. lawmakers introduce new crypto oversight legislation as industry shakes

The rising cost of living is exacerbating the challenge for many Canadians living on fixed disability income to pay for food and housing.
Source: ctv business
Rising cost of living taking toll on Canadians living off disability benefits

The push to slash prices in the cannabis market is so significant that industry members worry how independent retailers and even some franchisees can stay in business.
Source: ctv business
Price matching, loyalty programs adding to race for lowest cannabis prices

Credit giant Equifax sent lenders incorrect credit scores for millions of U.S. consumers this spring, in a technology snafu with major real-world impact.
Source: ctv business
Equifax issued wrong credit scores for millions of U.S. consumers