Direct Loan Canada Blog

Russian hostilities in Ukraine are preventing grain from leaving the ‘breadbasket of the world’ and making food more expensive across the globe, threatening to worsen shortages, hunger and political instability in developing countries.
Source: ctv business
How did Russia-Ukraine war trigger a food crisis?

The Competition Bureau has expanded on its opposition to Rogers Communications Inc.’s proposed $26-billion takeover of Shaw Communications in new submissions to the Competition Tribunal ahead of weeks of hearings scheduled to being this fall.
Source: ctv business
Competition Bureau doubles down on objections to Rogers deal for Shaw

The Superior Court of Quebec has approved a nearly $200.9-million settlement of a class-action lawsuit against Desjardins over a data breach, the largest to date in the Canadian financial services sector.
Source: ctv business
Quebec court approves 0.9M settlement against Desjardins over data breach

Four of the five most expensive cities on either side of the border when it comes to cost of living versus income are located in Canada, a new study shows. See if your city is on the list at CTVNews.ca.
Source: ctv business
Four of the five most expensive cities on either side of the border are Canadian: study

Canadian undergarment maker Knix Wear Inc. filed a motion to dismiss a class-action complaint against the company and also filed a motion for sanctions against the lawyers representing the plaintiffs for not conducting an independent investigation before filing a lawsuit alleging its products contain harmful chemicals.
Source: ctv business
Knix seeks sanctions for lawyers behind class-action suit that alleges menstrual underwear contains ‘forever chemicals’

Social media company Snap may be jumping on the paid subscription service bandwagon with a new offering called Snapchat+.
Source: ctv business
Snap is testing a new Snapchat+ subscription service

After grappling with pandemic-fueled supply bottlenecks, chipmakers are facing a new headache: Russia, one of the world’s biggest suppliers of gases used to make semiconductors, has started to limit exports.
Source: ctv business
Chipmakers brace for more trouble as Russia limits exports of rare gases

The WestJet Group says it plans to refocus its routes and fleet on Western Canada.
Source: ctv business
WestJet’s new strategy will see company invest ‘majority’ of fleet in Western Canada

Experts are torn on when or even if drivers might see significant ‘demand destruction’ — an economics term for a sustained decline in demand for a product due to excessively high prices — at the pumps.
Source: ctv business
When could ‘demand destruction’ trigger gas price relief?

Stocks edged higher in afternoon trading on Wall Street Friday at the end of a brutal week.
Source: ctv business
Stocks edge higher on Wall Street at close of a brutal week