Direct Loan Canada Blog

The Bank of Canada’s strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday from the Canadian Centre for Policy Alternatives.
Source: ctv business
Bank of Canada’s rapid rate hikes likely to cause a recession, study finds

Canada’s main stock index plunged more than 400 points in late-morning trading amid a broad-based decline led by losses in the energy and base metal sectors, while U.S. stock markets also fell.
Source: ctv business
S&P/TSX composite down more than 400 points, U.S. stock markets also fall

Businesses across Canada can operate at full capacity again, but many are struggling to find staff to serve their customers.
Source: ctv business
Many Canadian businesses are struggling to find staff

Two million litres of milk have been dumped at a Quebec dairy plant since Wednesday due to a labour dispute.
Source: ctv business
Quebec dairy plant dumps 2 million litres of milk

A labour dispute at a Quebec dairy plant has led to the dumping of 2 million litres of milk since Wednesday.
Source: ctv business
2 million litres of milk dumped after Quebec dairy plant labour dispute

Canadian airlines and airports claimed top spots in flight delays over the July long weekend, notching more than nearly any other around the world.
Source: ctv business
Canadian airlines, airports top global list of delays over the weekend

A pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers. In its business outlook survey released Monday, the central bank said businesses’ expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous survey.
Source: ctv business
Bank of Canada surveys suggest business and consumer inflation expectations up

A group of prominent women in Canada’s tech sector are calling for employers to pay for U.S. staff to travel to get abortions.
Source: ctv business
Women in Canadian tech urging companies to pay for U.S. staff to travel for abortions

Dutch farmers angry at government plans to slash emissions used tractors and trucks Monday to block roads and supermarket distribution centers, sparking fears of store food shortages in the latest actions through a summer of discontent in the country’s lucrative agricultural sector.
Source: ctv business
Dutch farmers block entrances to supermarket warehouses

Canada’s main stock index was up over 200 points in late-morning trading, driven by strength in energy, industrials and financials.
Source: ctv business
Energy, financials help push S&P/TSX up over 200 points in late-morning trading