Direct Loan Canada Blog

In May, students were burdened with a 7.7 per cent inflation level — the highest its been since 1983 — and an economy hampered by COVID-19, labour shortages, supply chain challenges and recession predictions.
Source: ctv business
‘Surviving just by the skin of my teeth’: Students face high inflation for first time

Canada’s inflation rate was up 8.1 per cent in June compared with a year ago, its largest yearly change since January 1983. The inflation rate in May was 7.7 per cent. Statistics Canada said price acceleration in June was largely the result of gas prices rising even faster.
Source: ctv business
Inflation may have peaked in June as gas prices soared: economists

Stocks indexes on Wall Street are wavering in afternoon trading Wednesday, giving up some of their gains from an early rally as more profit reports roll in from U.S. companies.
Source: ctv business
Wall Street wavers a day after big market rally

Russian President Vladimir Putin said Tuesday it is the West’s own fault that the flow of Russian natural gas to European customers has dwindled and warned that it could continue ebbing.
Source: ctv business
Putin warns EU that gas supplies could keep dwindling

Elon Musk lost a fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the ‘cloud of uncertainty’ over the social media company after the billionaire backed out of a deal to buy it.
Source: ctv business
Twitter-Musk takeover dispute heading for an October trial

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products.
Source: ctv business
Amazon sues admins of 10K Facebook groups over fake reviews

Everyone’s watching Netflix this week — Netflix earnings, that is. And it will be a make-or-break moment for the company that’s made its name synonymous with streaming itself.
Source: ctv business
Why Wall Street can’t take its eyes off Netflix

Automotive chip order times remain long around the world, but brokers are focusing on China, which has become ground zero for a crunch that the rest of the industry is gradually moving beyond.
Source: ctv business
How China became ground zero for the auto chip shortage

France and the United Arab Emirates on Monday signed an agreement on energy co-operation to ensure oil and natural gas supplies from the Gulf country as Europe prepares for the possibility of a total gas cutoff from Russia in retaliation for sanctions over the war in Ukraine.
Source: ctv business
France, United Arab Emirates sign deal on energy co-operation

Shopify Inc on Tuesday announced a partnership with Alphabet Inc’s YouTube to allow merchants to sell through the video platform, as the Canadian company looks to tap into the growing number of content creators launching their own e-commerce stores.
Source: ctv business
Shopify partners with YouTube to shore up sales from content creators