Direct Loan Canada Blog

Canada’s first emissions reduction roadmap relies heavily on the oil and gas sector to help Ottawa reach its 2030 climate goal, but there is a still a big gap between what industry and government say are achievable cuts.
Source: ctv business
Canada’s oil industry at odds with Trudeau over new 2030 climate plans

U.S. President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and allies imposed steep sanctions on Russia over its invasion of Ukraine.
Source: ctv business
U.S. President Biden tapping oil reserve for 6 months to control gas prices

Dollarama Inc. said the roll out of additional price points up to $5 will help the retail chain maintain and enhance its product assortment and value.
Source: ctv business
Dollarama says new price tag will help offset inflation, stock new products

U.S. airport security procedures will become more gender-neutral, with changes to scanners used for screening and the use of an ‘X’ for travellers going through Precheck who do not identify as male or female, the Biden administration said Thursday.
Source: ctv business
U.S. airport security screening to become more gender-neutral

The Canadian economy lowered its shoulder through a surge in COVID-19 cases and plunge of 200,000 jobs in January to eke out a 0.2 per cent monthly gain, Statistics Canada said Thursday.
Source: ctv business
Statistics Canada says economy grew 0.2 per cent in January

OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.
Source: ctv business
OPEC sticks to modest boost in oil despite war jitters

Russian President Vladimir Putin issued a decree Thursday demanding payment for natural gas in rubles but appeared to temper the order by allowing dollar and euro payments through a designated bank, the latest twist over energy supplies that Europe relies on to heat homes and generate electricity.
Source: ctv business
Kremlin demands rubles for gas, leaves currency loophole

Stocks edged lower in afternoon trading on Wall Street Thursday and oil prices fell as U.S. President Joe Biden ordered the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve.
Source: ctv business
Stocks slip, oil slides as U.S. releases crude reserves

A gas price tracker is estimating that gas will go up by around six cents per litre in Ontario and about five cents per litre in B.C. on Friday after the federal government’s climate announcement on Tuesday.
Source: ctv business
Gas prices expected to climb in parts of Ontario, B.C. by end of week

For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies. It meant solid economies and stable markets.
Source: ctv business
Russia war ends era of globalization that kept inflation low