Direct Loan Canada Blog

The United Nations reported ‘positive’ results Wednesday from the first face-to-face talks in months between Russia and Ukraine on a UN plan to ship millions of tons of grain blocked in Ukraine because of the war to world markets and enable Russia to also send out grain and fertilizer.
Source: ctv business
UN sees progress in talks to free up Ukraine grain exports

The Bank of Canada has hiked its overnight interest rate by 100 basis points to 2.5 per cent, following higher than-expected inflation. It is the biggest rate hike by the central bank since August, 1998.
Source: ctv business
Bank of Canada’s larger-than-expected interest rate hike is biggest jump since 1998

With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy.
Source: ctv business
U.S., allies aim to cap Russian oil prices to hinder invasion

Stocks are wavering through a shaky day of trading on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected.
Source: ctv business
Stocks waver as Wall Street braces for big hike in rates

Canada’s telecoms regulator said on Tuesday it has ordered Rogers Communications to respond to questions about last week’s network outage that impacted millions of Canadians.
Source: ctv business
CRTC demands answers from Rogers for network outage

A federal judge said Subway can be sued for allegedly deceiving customers about its tuna products, including a claim it uses other fish species, chicken, pork and cattle instead of the advertised ‘100 per cent tuna.’
Source: ctv business
Subway can be sued over its tuna, U.S. judge rules

A former telecom executive says the federal order for Canada’s big telecom companies to create a mutual assistance framework to mitigate network outages could backfire as networks become overwhelmed.
Source: ctv business
What Canada’s telcos need to consider when coming up with crisis plan

A scientific basis exists to calculate how much one country’s carbon emissions have damaged the economy of another, a study said on Tuesday of a development it billed as a potential game-changer for climate litigation.
Source: ctv business
Science offers basis for national climate damage claims: study

The abrupt exit of Gap Inc’s chief executive on the back of falling sales and shrinking margins will likely push the struggling apparel retailer to sell one or more of its brands, analysts said.
Source: ctv business
Gap CEO Sonia Syngal exit opens door for spin-off talks again

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic.
Source: ctv business
Amazon Prime Day comes amid slowdown in online sales growth