Direct Loan Canada Blog

Stocks are falling on Friday, but they’re swinging sharply as Wall Street struggles with how to interpret a strong U.S. jobs report amid worries the Federal Reserve may cause a recession in its drive to halt inflation.
Source: ctv business
Wall Street swings sharply amid worries about rates, economy

U.S. planemaker Boeing is set to move its corporate headquarters from Chicago to Arlington, Virginia, two people familiar with the matter said.
Source: ctv business
Boeing set to move headquarters to Arlington, Virginia, sources say

A Virgin Atlantic flight heading to New York’s JKF Airport turned back to London Heathrow after it emerged the first officer hadn’t completed the airline’s final flying test.
Source: ctv business
Virgin flight turns back as pilot hadn’t completed final flying test

A senior Bank of Canada official says the central bank will reach out to Indigenous groups over the next two years to help it define what economic reconciliation means and what its role should be.
Source: ctv business
Bank of Canada reaching out to Indigenous groups on economic reconciliation

Bill Gates sounded a note of caution this week on Elon Musk’s US$44 billion acquisition of Twitter, saying the Tesla CEO ‘actually could make it worse’ despite a strong track record with his other business ventures.
Source: ctv business
Bill Gates doubts Musk’s Twitter buy

Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fuelling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.
Source: ctv business
Shell reports record 1st-quarter earnings as oil prices soar

Inflation in Turkey soared to nearly 70 per cent in April, official data showed Thursday, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households.
Source: ctv business
Inflation in Turkey soars to eye-popping near 70 per cent in April

The Bank of England raised its key interest rate to the highest level in 13 years on Thursday as policymakers around the world combat inflation fuelled by high energy prices, Russia’s war in Ukraine and lingering concerns about COVID-19.
Source: ctv business
Bank of England raises key rate to highest level in 13 years

Across Europe, rising energy prices are testing the resolve of ordinary consumers and business owners who are caught between the continent’s dependence on cheap Russian energy and its revulsion over President Vladimir Putin’s invasion of Ukraine.
Source: ctv business
Europeans weigh costs of cutting Russian energy over Ukraine

War-ravaged Ukraine received pledges for US$6.5 billion more in humanitarian aid Thursday at an international donor’s conference in Warsaw that sought to get Ukrainians urgent help while still planning for the country’s post-war reconstruction.
Source: ctv business
US.5 billion raised at donors’ conference for Ukraine