Direct Loan Canada Blog

Shares in Europe and Asia were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company yanked other tech stocks lower on Wall Street.
Source: ctv business
World markets shrug off tech-led selloff on Wall Street

Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens.
Source: ctv business
Nike cries foul over virtual shoes, suing retailer that sells sneaker NFTs

The head of the International Monetary Fund said on Thursday it was ‘too early’ to say if the world was facing a period of sustained inflation, but warned that failure to make economies more resilient to future shocks could lead to big problems.
Source: ctv business
‘Too early to say’ if world faces sustained inflation: IMF chief

The economic toll of the multi-day border blockade by protesters at the U.S. border crossing in Coutts, Alta. is estimated to be at least hundreds of millions of dollars and will take weeks to resolve.
Source: ctv business
Coutts, Alta., border blockade estimated loss of 0M economic activity: industry experts

The ongoing blockade near the Canada-U.S. border crossing at Coutts is adding pressure to an already fragile supply chain, officials with Canada’s beef industry are warning.
Source: ctv business
Canadian beef industry calls for resolution to Alberta border blockade

Shares in Facebook parent company Meta are in the midst of their worst day ever Thursday after the social media giant reported a rare decline in profit due to a sharp increase in expenses as it invests heavily in its transformation into a virtual reality-based company.
Source: ctv business
Meta, formerly Facebook, faces historic drop as stock tanks

BCE Inc. is raising its quarterly dividend 5.1 per cent as it reported financial results that show it has almost fully recovered from the impacts of the COVID-19 pandemic.
Source: ctv business
BCE raises quarterly dividend amid new subscribers, higher operating revenue

Canada’s dollar will strengthen more than previously thought over the coming year as oil prices climb and investors bet the Bank of Canada will hike interest rates at a faster pace than the U.S. Federal Reserve, a Reuters poll showed.
Source: ctv business
Canadian dollar forecasts turn more bullish as oil hits 7-year high

The Bank of England raised interest rates for the second time in three months on Thursday, putting the United Kingdom far ahead of the rest of Europe and the U.S. in moving to tame surging inflation that is squeezing consumers and businesses.
Source: ctv business
Bank of England hikes interest rates again as prices surge

The internet’s largest marketplace for non-fungible tokens (NFTs) says the majority of the items created using its free minting tool are plagiarized works, fake collections or spam.
Source: ctv business
Majority of NFTs made with free tool are plagiarized or fake, marketplace says