Direct Loan Canada Blog

Sri Lankan business leaders on Friday called for an end to political instability amid public demands for the president to resign over alleged economic mismanagement, warning that failure to do so would lead to economic catastrophe.
Source: ctv business
Sri Lanka business leaders demand end to political impasse

Six weeks after Russia sent troops into Ukraine, the ruble has staged an apparently extraordinary recovery, but all is not what it seems and the exchange rate used in everyday transactions is sometimes very different to the official one.
Source: ctv business
Russia’s ruble rebound not quite what it seems

Britain’s Treasury chief has defended his wife’s decision to take advantage of rules that allow many foreigners to escape U.K. taxes on their overseas income, saying critics have launched a smear campaign against her to get at him.
Source: ctv business
U.K. Treasury chief Sunak defends wife in tax controversy

Russia’s central bank has managed to stabilize key aspects of the economy with severe controls, artificially propping up the ruble to allow it to rebound to levels seen before the invasion of Ukraine even as the West piles on more sanctions.
Source: ctv business
Russia cuts interest rate as ruble rises to pre-invasion levels despite sanctions

Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the ‘massive supply disruptions’ it is causing, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the United Nations said Friday.
Source: ctv business
Food prices soar to record levels on Ukraine war disruptions

China’s unwavering commitment to stamping out COVID by locking down big cities such as Shanghai threatens to deal a hefty shock to its vast economy, place more strain on global supply chains and further fuel inflation.
Source: ctv business
Lockdowns in Shanghai and other Chinese cities pose a growing threat to the economy

Canada’s unemployment rate dropped to a record low last month as more people jumped into a hot labour market – and economists say the jobless rate could yet fall even lower.
Source: ctv business
Canada’s jobless rate has hit a record low

Stocks are mixed on Friday, and Wall Street is heading for its first losing week in the last four as investors brace for the Federal Reserve to press the brakes on the economy more aggressively to beat down inflation.
Source: ctv business
Stocks sway as Wall Street heads for first down week in four

A key Democratic senator will tour Canada’s oil sands next week to pressure U.S. President Joe Biden to revive a critical pipeline project he scrapped on his first day in office.
Source: ctv business
U.S. senator to visit Alberta oil sands in bid to pressure Biden

A bad online review isn’t actually all that bad for business, according to new research from a B.C. university.
Source: ctv business
Why a bad review isn’t a bad thing: B.C. business school reads into the comments section