Direct Loan Canada Blog

A late-night explosion at a natural gas pipeline in rural west Alabama is under investigation by federal agents, authorities said Friday, and a company said it was offering a US$25,000 reward for what it called an attack linked to a labour dispute.
Source: ctv business
Mining group: ‘Attack’ on Alabama pipeline prompts reward

Record-low mortgage rates helped propel Canadian home prices 52 per cent higher over the past two years. But as fixed mortgage rates rip higher alongside surging bond yields and variable rates climb following the Bank of Canada’s first hike in three years, demand is cooling.
Source: ctv business
Canada’s red-hot housing markets hint at cooldown as higher rates, inflation bite

Superyachts have been making headlines for all the wrong reasons in recent weeks as more and more vessels linked to Russian oligarchs are temporarily frozen.
Source: ctv business
How sanctions on Russia are shaking up the superyacht world

With stunning speed, Russia’s war in Ukraine is driving Western Europe into the outstretched arms of the United States again, and the embrace was especially apparent when U.S. President Joe Biden offered a major expansion of natural gas shipments to his European Union counterpart Friday.
Source: ctv business
Ukraine war drives U.S., EU deal to undercut Russian energy

Stocks shifted between small gains and losses in afternoon trading on Wall Street Friday as investors wrapped up a bumpy week with more uncertainty about where to go next.
Source: ctv business
Stocks stall as Wall Street wraps up bumpy week of trading

Further gains in the energy sector powered Canada’s main stock index higher for a fifth straight week and raised the loonie to almost 80 cents for the first time since January.
Source: ctv business
S&P/TSX composite rises for fifth week in a row while loonie nears 80 cents

Canada’s oil and gas producers can hike output by the equivalent of 300,000 barrels a day by the end of the year to help displace Russian fossil fuels, Natural Resources Minister Jonathan Wilkinson said Thursday.
Source: ctv business
Canada to hike oil, gas output by 300,000 barrels a day to help displace Russian fuel

The Canadian Radio-television and Telecommunications Commission has approved Rogers Communications Inc.’s acquisition of Shaw Communications Inc.’s broadcasting services, but will force the company to meet a series of conditions it laid out Thursday.
Source: ctv business
CRTC approves broadcast component of Rogers-Shaw deal, with conditions

A defunct subsidiary of Canopy Growth Corp. is fighting a court battle against the Canada Revenue Agency, which fined the pot company almost half-a-million dollars in 2020 for allegedly growing cannabis on a Saskatchewan farm before receiving a licence.
Source: ctv business
Canopy Growth Corp. appeals CRA penalty for growing pot before being licensed

Russia’s invasion of Ukraine has ended globalization as we know it, says the head of BlackRock, the world’s largest asset manager.
Source: ctv business
BlackRock says Russia’s war in Ukraine is the end of globalization