Direct Loan Canada Blog

The U.S. Senate voted unanimously Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia’s invasion of Ukraine amid reports of atrocities.
Source: ctv business
U.S. senate votes 100-0 to end Russia trade status, enact oil ban

Finland and Estonia said Thursday that they are jointly planning to rent a floating liquefied natural gas, or LNG, terminal to ensure supply in the two countries in efforts to break energy dependence on neighbouring Russia.
Source: ctv business
Finland, Estonia eye floating LNG terminal to ensure supply

CIBC’s chief executive officer says a tax hike targeting major financial institutions expected in today’s federal budget could send the wrong signal to the world about investing in Canada.
Source: ctv business
CIBC CEO says proposed bank tax could hurt Canada’s competitiveness

BlackBerry Ltd. says it has reached a deal to settle a drawn-out class action lawsuit alleging the company defrauded shareholders by making misleading claims about its BlackBerry 10 smartphones.
Source: ctv business
BlackBerry to settle lawsuit over BlackBerry 10 smartphone but denies all allegations

The European Union is poised to ban Russian coal in the first sanctions on the vital energy industry over the war in Ukraine, but it has underlined the 27 nations’ inability to agree on a much more sweeping embargo on oil and natural gas that would hit Russia harder but risk recession at home.
Source: ctv business
Europe set to ban Russian coal, but struggles on oil and gas

Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as US$5 billion.
Source: ctv business
Shell says Russia exit has already cost US billion

Stocks edged lower in afternoon trading on Wall Street Thursday as investors weigh the latest updates from the Federal Reserve amid concerns about rising inflation.
Source: ctv business
Stocks fall on Wall Street, weighed down by tech losses

Air Canada announced Wednesday that it is suspending flights between Vancouver and Delhi, India until September due to extended flying times and a refuelling stop that is required to avoid Russian and Ukraine airspace.
Source: ctv business
Summer flights between Vancouver and Delhi suspended by Air Canada, citing Russia-Ukraine conflict

Many companies have embraced a hybrid model of working remotely and in the office, which means junior employees looking to reap those in-person benefits have new challenges to navigate.
Source: ctv business
For young workers hoping to move up, hybrid work model creates unique challenges

U.S. President Joe Biden took aim at online retailer Amazon.com Inc. at a labour event on Wednesday after touting his government task force on worker organization ‘to make sure the choice to join a union belongs to workers alone.’
Source: ctv business
Biden takes aim at Amazon as he touts unions at labour event