Direct Loan Canada Blog

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s war in Ukraine, but the economy managed better-than-expected, if meager, growth in the second quarter.
Source: ctv business
Inflation hits record 8.9 per cent in euro area, but economy grows

Stocks are adding to their recent gains in afternoon trading Friday, as Wall Street weighs a mix of company earnings reports and new data showing inflation jumped by the most in four decades last month.
Source: ctv business
U.S. markets keep rising in face of more grim inflation news

North American markets ended the last trading day of July on a high note, with Canada’s main stock index up over 200 points and U.S. markets all in the green.
Source: ctv business
North American markets end July strong after a busy week of earnings, Fed decision

The parliamentary budget officer says Canada’s current fiscal policy is sustainable over the long term. The PBO’s latest fiscal sustainability report finds that Canada’s overall debt level is projected to decline steadily over time.
Source: ctv business
Canada’s debt level sustainable over long term: parliamentary budget officer

Russian regulators have fined chat service WhatsApp and Snapchat for failing to store Russian users’ data on local servers, part of government efforts to control online activity.
Source: ctv business
Russia fines WhatsApp, Snapchat over data storage

Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that’s afflicted employers all year long. Others, grappling with burnout in precarious or stressful work environments, simply walked away. So if workers are leaving their jobs, where are they going?
Source: ctv business
After pandemic pivots, where have Canadian workers gone?

Sprite is retiring its green plastic bottles after more than 60 years.
Source: ctv business
Sprite will no longer be sold in green bottles

The world’s most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the targets of the Paris Agreement, an assessment released Thursday by an institutional investors group warned.
Source: ctv business
Banks far from hitting Paris climate targets, groups warn

Global food giant Nestle, which makes everything from Purina pet food to KitKat candy bars and Gerber baby food, reported higher sales in the first half of the year, even as it increased prices by 6.5% as inflation soared around the world.
Source: ctv business
Nestle reports higher sales even as it raises prices

The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9 per cent annual pace and raising fears that the nation may be approaching a recession.
Source: ctv business
U.S. economy shrinks for a 2nd quarter, raising recession fear