Direct Loan Canada Blog

The food going into grocery store shopping carts in Canada is changing as many consumers struggle to afford basics amid a nearly 10 per cent increase in food costs, the head of one of the country’s largest supermarket chains said Wednesday.
Source: ctv business
Grocery chain Sobeys focuses on price, value as food inflation reaches nearly 10%

Alberta Premier Jason Kenney and oilsands industry executives are in the U.S. capital as part of a fresh push to rehabilitate the public image of Canada’s fossil fuels.
Source: ctv business
Alberta premier, oilsands execs in U.S. capital to rehabilitate Canada’s energy image

The Biden administration announced Wednesday that it is providing logistical support to import the equivalent of about 16 million 8-ounce baby formula bottles from Mexico starting this weekend, as part of its efforts to ease nationwide supply shortages caused by the closure of the largest U.S. manufacturing plant.
Source: ctv business
U.S. importing baby formula from Mexico to ease shortage

With inflation reaching astronomical levels, some Canadians may be concerned that rising costs will lead to a decline in economic activity and eventually trigger a recession. Experts, however, say this is unlikely to happen anytime soon.
Source: ctv business
Here’s why experts say Canada isn’t headed for a recession

The Parliamentary Budget Officer says the federal government now stands to lose money from its investment in the Trans Mountain pipeline.
Source: ctv business
PBO says Trans Mountain pipeline to result in net loss for government

Britain’s inflation rate hit a new 40-year high of 9.1 per cent in the 12 months to May, figures showed Wednesday, as Russia’s war in Ukraine drove food and fuel prices ever higher.
Source: ctv business
U.K. inflation rate hits new 40-year high of 9.1 per cent

Soaring gas prices helped the annual inflation rate in May soar to its highest level in nearly 40 years, as the rising cost of living for Canadians squeezed household budgets and bolstered expectations the Bank of Canada will opt for a supersized interest rate hike next month.
Source: ctv business
Canada’s inflation nears 40-year high as gas prices soar

Stocks turned slighlty higher in morning trading on Wall Street Wednesday, shaking off an early loss. Markets remained turbulent amid concerns about inflation and whether rising interest rates will help or hinder the economy.
Source: ctv business
Stocks edge higher, remain turbulent amid recession worries

As fuel prices reach record highs and drive inflation, there have been growing calls for governments to temporarily suspend or reduce gas taxes. CTVNews.ca spoke with experts on whether a gas tax holiday makes sense in Canada.
Source: ctv business
Is it time for a ‘gas tax holiday’ in Canada?

The Canadian Dairy Commission has approved a rare second milk price increase this year.
Source: ctv business
Milk prices to rise two cents a litre this fall in rare mid-year price hike