Direct Loan Canada Blog

Crews will try to refloat a container ship that has been stranded in the Chesapeake Bay for more than two weeks, the U.S. Coast Guard said Monday.
Source: ctv business
Attempt to free grounded Ever Forward set for Tuesday

Hong Kong’s deadliest coronavirus outbreak has cost about 6,000 lives this year — and the city is now running out of coffins.
Source: ctv business
Hong Kong’s COVID-19 toll leads some to eco-friendlier coffins

Stocks rose in afternoon trading on Wall Street Tuesday as talks on ending the war in Ukraine showed signs of progress.
Source: ctv business
Stocks rise on Wall Street as talks on Ukraine progress

The Bank of Nova Scotia is increasing the size of its share buyback plan.
Source: ctv business
Scotiabank increases size of share buyback to 36 million from 24 million

The investment group owned by a billionaire Russian oligarch is selling part of its leading stake in a Calgary-based natural gas company.
Source: ctv business
Russian billionaire reducing stake in Calgary’s Spartan Delta Corp.

Six months after being released by Canadian authorities following a diplomatic standoff involving Washington and Beijing, Huawei’s chief financial officer said Monday the telecom equipment giant may be emerging from a ‘black zone’ of business disruptions due to U.S. sanctions.
Source: ctv business
China’s Huawei says 2021 sales down, profit up

Walmart Inc will stop sales of tobacco products in some of its more than 5,000 stores across the United States, the world’s largest retailer said on Monday.
Source: ctv business
Walmart to stop tobacco sales in some U.S. stores

U.S. President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing.
Source: ctv business
U.S. President Biden’s budget plan: Higher taxes on rich, lower deficits

Afghanistan’s Taliban has instructed all government employees to wear a beard and adhere to a dress code or risk being fired, three sources told Reuters, the latest of several new restrictions imposed by the hardline Islamist administration.
Source: ctv business
Taliban bars gov’t employees without beards from work: Reuters sources

The Group of Seven major economies agreed Monday to reject Moscow’s demand to pay for Russian natural gas exports in rubles.
Source: ctv business
G7 countries, including Canada, reject Russia’s demand to pay for gas in rubles: Germany