Direct Loan Canada Blog

Despite record low levels of unemployment, many sectors are suffering from labour shortages in the second quarter with restaurants and hotels continuing to be amongst the worst hit, a new Statistics Canada survey finds.
Source: ctv business
Labour shortage: Food, hotel industries continue to be hardest hit by lack of workers

In a statement released Thursday, Nike said it ‘made the decision to leave the Russian marketplace,’ making it the latest Western brand to leave Russia.
Source: ctv business
Nike to leave Russia amid war on Ukraine

Chinese President Xi Jinping opened a meeting of leaders of major developing countries on Thursday by saying the world should oppose unilateral sanctions and efforts by some countries to maintain their political and military power.
Source: ctv business
China’s Xi criticizes sanctions at meeting of BRICS nations

The Bank of Canada has come under a rare attack from critics after misjudging inflation and locking itself into rigid forward guidance that prevented it from reacting swiftly as prices surged and Canada’s economy began to overheat.
Source: ctv business
Hot inflation opens rare attack on Bank of Canada

While there may not be any easy short-term fixes to inflation, Concordia University economist Moshe Lander assures that ‘the end in sight will come.’
Source: ctv business
On inflation, the ‘end in sight will come,’ economist says

Sri Lanka’s prime minister says the island nation’s debt-laden economy has ‘collapsed’ as it runs out of money to pay for food and fuel.
Source: ctv business
Why Sri Lanka’s economy collapsed and what’s next

Millions of people in Britain faced disruption Thursday as railway staff staged their second national walkout this week.
Source: ctv business
Trains cancelled in U.K. as unions stage 2nd 24-hour walkout

Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, warning that Europe’s biggest economy faces a ‘crisis’ and storage targets for the winter are at risk after Russia reduced energy deliveries to several countries.
Source: ctv business
Germany faces natural gas ‘crisis,’ raises warning level

Stocks gave up an early gain and turned mixed in afternoon trading on Wall Street Thursday as investors remain focused on inflation and rising interest rates.
Source: ctv business
U.S. stocks waver as Fed chief addresses Congress again

Fears of an indefinite general strike by 1,800 unionized Bombardier workers in the greater Montreal area are now a thing of the past.
Source: ctv business
Bombardier strike averted in Montreal after third employer offer accepted