Direct Loan Canada Blog

The International Monetary Fund on Friday slashed its U.S. economic growth forecast as aggressive Federal Reserve interest rate hikes cool demand but predicted that the United States would ‘narrowly’ avoid a recession.
Source: ctv business
IMF slashes U.S. growth forecast, sees ‘narrowing path’ to avoid recession

After the U.S. Supreme Court ruled on Friday to overturn Roe v. Wade, corporate giants from a range of industries pledged to provide support and financial assistance for employees — and, in some cases, their dependents — seeking abortions in states that outlaw the procedure.
Source: ctv business
These U.S. companies will cover travel costs for employees who need an abortion

Juul on Friday asked a federal court to block a government order to stop selling its electronic cigarettes.
Source: ctv business
Juul seeks to block FDA ban on its e-cigarettes in US

U.S. crypto firm Harmony said on Friday that thieves stole around US$100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers.
Source: ctv business
U.S. crypto firm Harmony hit by US0 million heist

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises.
Source: ctv business
EU leaders tackle inflation, energy shocks from Russia’s war

Statistics Canada says the number of job vacancies at the beginning of April hit just over one million, up more than 40 per cent compared with a year earlier.
Source: ctv business
Number of job vacancies grows in April to just over one million

A mail carrier says her out-of-pocket costs for delivering packages along her rural route have doubled because of the steep hike in gas prices and cost of living being experienced by many Canadians.
Source: ctv business
‘How are people surviving?’: Gas spike detrimental for rural mail carriers, residents

As inflation rates soar to the highest they’ve been in Canada in nearly forty years, nearly half of Canadians say that right now, they’re doing worse financially than they were at this time last year.
Source: ctv business
Almost half of Canadians are doing worse financially than the previous year: survey

Stocks are rallying again on Friday, and Wall Street is heading for just its second winning week in the last 12 to provide a bit of relief from its brutal sell-off this year.
Source: ctv business
Stocks rally, driving Wall Street toward rare winning week

As inflation continues to soar, economists say Canadians will have to curb their spending and adjust for higher interest rates. In a report released this week, Statistics Canada said Canada’s year-over-year rate of inflation hit 7.7 per cent in May, the highest it has been since 1983.
Source: ctv business
When will inflation peak? Here’s what economists have to say