Direct Loan Canada Blog

Pope Francis allegedly authorized negotiating an exit strategy for a key figure in the Vatican’s bungled London real estate investment and was so satisfied with the outcome that he paid for a celebratory dinner at a fancy Roman fish restaurant the night the 15-million- euro payout closed, a defendant in the Vatican’s extortion trial testified Wednesday.
Source: ctv business
Testimony: Pope approved Vatican payout for London property

The European Union warned consumers to stop using their clothes like throwaway items and said Wednesday that it plans to counter the polluting use of mass-market fast fashion.
Source: ctv business
EU proposes new rules to discourage disposable fast fashion

Quebec law firm Belleau Lapointe is leading a class action lawsuit against several meat processing companies, accused of conspiring to restrict competition when it comes to the production, supply and sale of beef in the province.
Source: ctv business
Alleged ‘beef cartel’ faces class action lawsuit in Quebec

As the war in Ukraine drags on, Russian tankers carrying crude oil and petroleum products are increasingly disappearing from tracking systems.
Source: ctv business
Russian oil tankers are vanishing off the map

Germany issued an ‘early warning’ of possible natural gas shortages on Wednesday over a payments dispute with Russia that could lead to energy rationing in Europe’s biggest economy.
Source: ctv business
Germany issues ‘early warning’ of possible gas shortages as Russia threatens supplies

More than three years after legal cannabis arrived in North America on a national scale, Congress is taking another stab at following Canada’s lead by ending long-standing federal prohibitions on marijuana in the United States.
Source: ctv business
Canadian pot producers watch closely as Democrats aim to rewrite U.S. cannabis laws

Stocks fell in afternoon trading on Wall Street Wednesday following four straight days of gains.
Source: ctv business
Stock indexes slip on Wall Street following 4 straight gains

Lululemon Athletica Inc. capped an exceptional year in which it surpassed US$6 billion in revenues for the first time, with net profits growing nearly 32 per cent in the fourth quarter.
Source: ctv business
Lululemon surpasses USB annual sales; Q4 profits up 32 per cent to US4.5 million

Pitching Canada as a ‘solutions provider,’ the head of a recent delegation that travelled to the U.S. says Canadian businesses can help to create a more resilient North American economy in the face of current and future global unrest.
Source: ctv business
U.S. lawmakers interested in Canadian energy, food amid war in Ukraine

A number of Canadian companies, including Canada Goose and Canadian Tire, have suspended or moved to withdrawal from Russia following its unprovoked invasion of Ukraine.
Source: ctv business
These Canadian companies are cutting ties with Russia over invasion of Ukraine