Direct Loan Canada Blog

Anti-government protests roiled Sri Lanka’s capital on Tuesday amid demands that President Gotabaya Rajapaksa resign, as the country suffers its worst economic crisis within memory.
Source: ctv business
Protesters blame Sri Lanka leader for severe economic crisis

Russia could soon be forced to curtail crude oil production by 30 per cent, subjecting the global economy to the biggest supply crisis in decades — that is, unless Saudi Arabia and other major energy exporters start pumping more.
Source: ctv business
Russian oil output is about to fall 30 per cent, supply shock incoming, IEA warns

Dozens of celebrities have signed a petition calling on the Royal Bank of Canada to stop financing the Coastal GasLink pipeline project in northern B.C.
Source: ctv business
Dozens of celebrities sign petition calling on RBC to stop financing Coastal GasLink pipeline in B.C.

Longtime Starbucks CEO Howard Schultz is returning to lead the company on an interim basis after the coffee giant’s current chief executive announced his retirement.
Source: ctv business
Starbucks CEO to retire; founder Schultz to be interim chief

New Zealand Prime Minister Jacinda Ardern said Wednesday her nation was ‘ready to welcome the world back’ with most tourists allowed to return by May as the nation continues to ease its coronavirus restrictions.
Source: ctv business
New Zealand to ‘welcome the world back’ as tourism restarts

Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars owed to foreigners. That prospect recalls memories of a 1998 default by Moscow that helped fuel financial disruption worldwide.
Source: ctv business
What would a Russian bond default mean?

The cost of living jumped in February at a rate not seen in over 30 years on the back of rising prices for gasoline and groceries, which economists warn are set to become more expensive and push inflation rates even higher.
Source: ctv business
Annual inflation rate hit 5.7 per cent in February amid broad-based price increases: StatCan

Gains in the technology sector helped lead a rally on the Toronto Stock Exchange as Canada’s main stock index rose more than 200 points in late-morning trading and U.S. stock markets also climbed higher.
Source: ctv business
S&P/TSX composite up more than 200 points, U.S. stock markets also climb higher

A division of Honda Canada Inc. is spending $1.38 billion to upgrade an Ontario manufacturing plant, an investment that includes millions in funding from the federal and provincial governments.
Source: ctv business
Alliston Honda plant receives .38 billion to upgrade operations

The Ambassador Bridge, which separates the U.S. and Canada may be the most economically important one-and-a-half miles of roadway in the Western Hemisphere. But until this past week it got very little attention for the crucial role it plays in the economies of the two nations.
Source: ctv business
Why the Ambassador Bridge is crucial to two nations’ economies