Direct Loan Canada Blog

Suncor Energy Inc. said Monday that it has reached a deal with activist investor Elliott Investment Management LP that will see it undertake a strategic review of its Petro-Canada gas station chain with the goal of ‘unlocking shareholder value.’
Source: ctv business
Suncor reaches deal with activist investor Elliott Investment Management

H&M, the world’s second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list of companies fully exiting the country and sending its shares down 1 per cent.
Source: ctv business
Fashion retailer H&M joins TJX, others in exiting Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on.
Source: ctv business
Economics of war: Pain for Europe now, later for Russia

The energy sector helped lead a broad-based rally as Canada’s main stock index gained more than 300 points in late-morning trading, while U.S. stock markets also climber higher.
Source: ctv business
S&P/TSX composite up more than 300 points, U.S. stock markets also rise

Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and the economy reopened further.
Source: ctv business
Economists predict inflation climbed even higher in June amid ‘reopening effect’

The Bank of Canada expectsinflation to go “a little over” 8%, as soon as next week when June’s data is released, and stay in that range for a few more months, Governor Tiff Macklem told a business group in a webcast transcript released late Friday.
Source: ctv business
Bank of Canada chief sees inflation ‘a little over’ 8 per cent as soon as next week

Tesla CEO Elon Musk fired back Friday at Twitter’s lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports.
Source: ctv business
Reports: Musk demands months for trial prep in Twitter suit

Getting the inflation number right is important because so much is based on it, including Bank of Canada rate decisions and cost-of-living adjustments for pensions and some social payments.
Source: ctv business
The complex and sometimes controversial task of counting how far a dollar goes

The cost of dairy is set to rise again across Canada, but one food policy expert says there may be relief on the horizon if other food prices stabilize before the end of the year.
Source: ctv business
Cost of dairy to rise again across Canada, but relief could be on the way: expert

Statistics Canada says wholesale sales rose 1.6 per cent in May to $81.1 billion, boosted by higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies group.
Source: ctv business
Statistics Canada reports wholesale sales up 1.6 per cent in May at .1 billion