Direct Loan Canada Blog

The price of gasoline is expected to reach up to $2.11 or more per litre in some parts of Canada this weekend as prices continue to rise, according to Dan McTeague, president of Canadians for Affordable Energy.
Source: ctv business
Gas prices jump in the GTA., dip in Vancouver Sunday; more hikes expected

Milk prices in Canada could be going up for the second time in a year. Dairy Farmers of Canada has asked the Canadian Dairy Commission for a mid-year milk price hike due to the current inflationary environment.
Source: ctv business
Dairy Farmers of Canada seeks second milk price hike this year, citing inflation

Abbott Nutrition has restarted production at the Michigan baby formula factory that has been closed for months due to contamination, the company said Saturday, taking a step toward easing a nationwide supply shortage expected to persist into the summer.
Source: ctv business
Abbott restarts baby formula plant linked to contamination

Workers in Ontario now have the right to ignore emails, messages and calls outside business hours after the province’s new ‘right to disconnect’ law came into effect on June 2. Ontario labour minister Monte McNaughton told CTV News the law ‘was created in response to the increasingly blurred lines between work and home.’
Source: ctv business
Ontario becomes first province to have a right to disconnect law

Companies with 25 or more employees in Ontario must now have written policies on disconnecting from work thanks to a law that came into effect on June 2. Ontario Labour Minister Monte McNaughton told CTV News the law ‘was created in response to the increasingly blurred lines between work and home.’
Source: ctv business
Ontario becomes first province to mandate policies on disconnecting from work

Oil prices have roared back to about where they were in the early days of the Ukraine war, and there’s no prospect of significant relief for drivers and businesses any time soon.
Source: ctv business
3 reasons high oil prices are here to stay

Poland’s authorities are reminding citizens they can rummage forests for firewood to heat their homes as energy costs continue to soar.
Source: ctv business
Poland tells citizens to gather firewood as energy prices soar

Amazon said Thursday that it will shut down its digital Kindle bookstores in China and stop selling the device to retailers in the country to readjust the focus of its business.
Source: ctv business
Amazon to close Kindle bookstore in China, halt device sale

Annual inflation in Turkey hit 73.5 per cent in May, the highest rate since 1998, according to official data released Friday as a cost-of-living crisis in the country deepens.
Source: ctv business
Data puts Turkey’s annual inflation at 73.5 per cent, a 24-year high

Dubai police said Friday they arrested and planned to extradite a British man wanted in Denmark over a $1.7 billion tax scheme, one of the country’s largest-ever fraud cases.
Source: ctv business
Dubai arrests British man over .7B Denmark tax fraud case