Direct Loan Canada Blog

The United States and four other nations that walked out of an Asia-Pacific Economic Cooperation group meeting in Bangkok over the weekend underlined their support Monday for host nation Thailand, saying their protest was aimed solely at Russia because of its invasion of Ukraine.
Source: ctv business
Walk out at trade meeting when Russia spoke ‘not one-off,’ says trade minister

U.S. President Joe Biden launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is ‘going to be a haul’ before they feel relief. The president said he does not believe an economic recession is inevitable in the U.S.
Source: ctv business
Biden launches Indo-Pacific trade deal, warns over inflation

Ukrainian President Volodymyr Zelenskyy called for ‘maximum’ sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Economic gathering in Davos.
Source: ctv business
Zelenskyy urges ‘maximum’ sanctions on Russia in Davos talk

Stocks rallied in afternoon trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.
Source: ctv business
U.S. stocks gain ground following 7 straight weeks of losses

Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate supply of formula for their infants during a nationwide shortage. The formula shortage has exposed an inflexible industry dominated by just three to four large players that own a majority of formula production in the United States.
Source: ctv business
America needs more baby formula. But it’s an extremely tricky business

Canada has begun supplying the world with minerals critical to a greener economy with the country’s first rare earth mine delivering concentrated ore.
Source: ctv business
First Canadian rare earth mine starts shipping concentrate from N.W.T.

U.S. President Joe Biden on Monday is set to launch a new Indo-Pacific trade pact designed to signal U.S. dedication to the region and address the need for stability in commerce after the chaos caused by the pandemic and Russia’s invasion of Ukraine.
Source: ctv business
Biden to lay out in Japan who’s joining new Asia trade pact

Your decision to grab that gum in line waiting to check out at a store may have been spontaneous, but the plan to entice you in the checkout lane was carefully crafted. It pays off for stores and brands, as shoppers spent US$6 billion in the checkout area at stores last year, according to market research firm IRI.
Source: ctv business
Why stores always put candy and soda near the cash register

Russia halted gas exports to neighbouring Finland on Saturday, a highly symbolic move that came just days after the Nordic country announced it wanted to join NATO and marked a likely end to Finland’s nearly 50 years of importing natural gas from Russia.
Source: ctv business
Russia cuts off gas exports to Finland in symbolic move

Delegates from the United States, Canada, and three other nations staged a walkout Saturday when a representative from Russia began his opening remarks at a meeting of trade ministers of the Asia-Pacific Economic Cooperation group in the Thai capital, officials said.
Source: ctv business
U.S., Canada, other APEC delegates walk out on Russian speaker