Direct Loan Canada Blog

Canada’s main stock index was down in late-morning trading, led lower by losses in the industrial, technology and base metal sectors, while U.S. stock markets were also in the red.
Source: ctv business
S&P/TSX composite down in late-morning trading, U.S. stock markets also lower

New Zealand’s government said Thursday it will hand out an extra few hundred dollars to more than 2 million lower-income adults to help them navigate what it describes as ‘the peak of the global inflation storm.’
Source: ctv business
New Zealand hands out extra cash to fight ‘inflation storm’

The head of the Food and Drug Administration told lawmakers Thursday that a shuttered baby formula factory could be up and running as soon as next week, though he sidestepped questions about whether his agency should have intervened earlier at the plant at the center of the national shortage.
Source: ctv business
FDA head: Baby formula factory could reopen by next week

McDonald’s is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing Cold War tensions between the United States and Soviet Union.
Source: ctv business
McDonald’s era in Russia coming to a close, restaurants sold

With a meeting of G7 finance ministers underway this week, a CTVNews.ca analysis found that while Canadians are feeling the pain of record-high inflation, among G7 nations we are surpassed by Germany, the U.S., and the U.K.
Source: ctv business
Canada inflation: How we compare to other G7 nations

Indonesia said Thursday it will lift a monthlong ban on palm oil export, citing improvements in the supply and domestic price of bulk cooking oil.
Source: ctv business
Indonesia lifts ban on cooking oil export as supply improves

Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to US$10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank announced Thursday, as police fired tear gas and water cannons at thousands of students demanding the government step down for failing to solve the country’s economic crisis.
Source: ctv business
Sri Lanka limits foreign currency holdings amid crisis

Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy.
Source: ctv business
Russia-Ukraine war impact draws focus of G7 finance leaders

JetBlue was scheduled to begin offering flights between Vancouver and Boston next month, but has decided to cancel that route amid “ongoing refinements” to the airline’s summer schedule.
Source: ctv business
JetBlue nixes planned nonstop flights between Vancouver and Boston

Martin Shkreli, the former pharmaceutical executive known for raising the price of a lifesaving drug more than 40-fold, has been released from prison, where he had been serving a seven-year term for fraud.
Source: ctv business
Former pharmaceutical exec Martin Shkreli released from prison