Direct Loan Canada Blog

Britain and the European Union were once again at loggerheads over Brexit on Wednesday, after the U.K. government ramped up threats to scrap parts of its trade treaty with the bloc, saying the rules are blocking the formation of a new government in Northern Ireland.
Source: ctv business
U.K. ramps up threat to rewrite Brexit deal with the EU

Poor harvests due to climate change, supply chain issues caused by the COVID-19 pandemic, and Russia’s invasion of Ukraine have created food production shortages worldwide, with cooking oil being the latest product impacted.
Source: ctv business
Canadians to see biggest price increase at restaurants over cooking oil shortage: expert

The Commissioner of Competition says plans by Rogers Communications Inc. and Shaw Communications Inc. to sell Shaw’s wireless business do not outweigh the harm that the companies’ proposed merger would cause.
Source: ctv business
Freedom Mobile sale not enough to allow Rogers-Shaw deal: Competition Bureau filing

Drivers can expect more pain at the pumps this morning as gasoline prices push new records. Natural Resources Canada says the average price across the country for regular gasoline hit 197.4 cents per litre on Tuesday for an all-time high.
Source: ctv business
Gas prices push record highs as demand surges, supply constrained

The federal government has launched a new online portal so businesses can help support Ukrainian refugees in Canada who have fled Russia’s war.
Source: ctv business
How Canadian businesses can now donate to Ukrainian resettlement efforts

Even as gas prices hit record highs, Canadians are fanning out across the country for fresh travel experiences after two years of bottled-up demand.
Source: ctv business
Canadians hold nose at gas prices as they hit road, skies once again

Stocks fell on Wall Street Wednesday after a report on inflation came in worse than feared last month.
Source: ctv business
Stocks stumble lower after inflation rises again in April

Health officials in New Brunswick are reporting seven more deaths related to COVID-19 on Tuesday, as well as a significant drop in hospitalizations.
Source: ctv business
N.B. reports 7 new COVID-19-related deaths, significant drop in hospitalizations

The pain at the pumps is only going to get worse, as industry analysts say gas prices could surge 10 to 15 cents per litre across Canada by Victoria Day.
Source: ctv business
Gas prices expected to surge across Canada by Victoria Day, analysts warn

Peloton’s uphill struggle to generate sales as more people break from health routines forced during the pandemic continued in the third quarter and the company’s revenue outlook sent shares tumbling 17% at the opening bell.
Source: ctv business
Peloton headwinds stiffen as people break pandemic routines