Direct Loan Canada Blog

As inflation driven by the pandemic and Russia’s war on Ukraine continue to impact the economy in Canada and around the world, there are serious concerns that a recession could be on the horizon.
Source: ctv business
Is the Canadian economy headed for a recession?

Activist investor Elliott Investment Management is seeking changes to the board of directors at Suncor Energy Inc. and is calling for a review of the company’s executive leadership.
Source: ctv business
Activist investor Elliott Investment Management seeking changes at Suncor Energy

Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new payment terms rather than risk being cut off by Moscow, a fate suffered by Poland and Bulgaria this week.
Source: ctv business
Russian gas customers in Europe may accept Putin’s payment terms

Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising but its quarterly report, released days after agreeing to be sold to billionaire Elon Musk, offered scant details about what it expects on the financial front for the rest of the year.
Source: ctv business
Twitter, in possibly last quarterly report, sees user growth

If Elon Musk and Twitter get their way, the company will soon be privately held and under his control.
Source: ctv business
What Twitter could do as privately held company

Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine, an independent research group said Thursday.
Source: ctv business
Germany top buyer of Russian energy since war in Ukraine began, report finds

Freshii has come under fire for outsourcing virtual cashier jobs to Nicaraguans, paying $3.75 per hour, a move labour experts have called ‘disgusting.’
Source: ctv business
Freshii under fire for paying workers .75/hr in Nicaragua

Earlier this year, Spotify found itself embroiled in a controversy sparked by one of its most notable podcast hosts, Joe Rogan; Despite the backlash, Spotify saw its paid memberships increase.
Source: ctv business
Joe Rogan caused some artists to leave Spotify. But not paying customers

A federal judge has rejected Elon Musk’s bid to throw out a securities fraud settlement over tweets claiming that Musk had the funding to take Tesla private in 2018.
Source: ctv business
Elon Musk quest to scrap deal over 2018 tweets is rejected

A report by RBC Economics says inflation and rising borrowing costs will affect all Canadian households, but low income Canadians will feel the sharpest sting.
Source: ctv business
RBC report says inflation and rising rates will hurt low income Canadians most