Direct Loan Canada Blog

Canada’s main stock index was down nearly 200 points in late-morning trading amid losses in the energy, base metal and technology sectors, while U.S. stock markets were mixed.
Source: ctv business
S&P/TSX composite down nearly 200 points in late-morning trading, U.S. markets mixed

Some large drug store chains are limiting purchases of emergency contraception to three pills per customer, company representatives confirmed to CNN.
Source: ctv business
CVS and Rite Aid limiting purchases of emergency contraception

Nova Scotia’s Progressive Conservative government says it will gather information from shoppers this summer as it tries to make good on an election promise to increase demand for local products.
Source: ctv business
Nova Scotia dispatches team to collect shoppers’ data for promised buy local program

Airbnb has codified a global policy that prohibits guests from hosting parties or events on all listed properties.
Source: ctv business
Airbnb party ban now permanent after pilot saw gatherings in Canada nearly halved

Nike Inc forecast first-quarter revenue below estimates as it expects to discount more and wrestles with pandemic-related disruptions in China, its most profitable market.
Source: ctv business
Nike forecasts downbeat quarterly revenue on lingering China worries

The U.S. Supreme Court on Monday rejected another Bayer bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages.
Source: ctv business
U.S. Supreme Court again nixes Bayer challenge to weedkiller suits

The head of the European Central Bank said Tuesday that it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected.
Source: ctv business
Europe’s central bank ready to ‘stamp out’ surging inflation

Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union’s second largest export industry after energy — gold.
Source: ctv business
How a G7 ban on Russian gold would work

Stocks fell in midday trading on Wall Street Tuesday as the broader market remains gripped by uncertainty over pervasive inflation, rising interest rates and the potential for a recession.
Source: ctv business
Stocks fall on Wall Street as inflation concerns persist

The federal border agency is not moving fast enough to fill staff shortages that have bogged down airport traffic and revved-up passenger frustration, the union representing customs officers says.
Source: ctv business
Customs officer union demands more hires as travel turbulence continues