Direct Loan Canada Blog

Solar-powered homes, electric tractors and hydrogen-cell trucking fleets: Canada has big net-zero ambitions, but getting there will require trillions of dollars in investment and will likely fuel hotter inflation for years to come, economists say.
Source: ctv business
Canada’s shift to net-zero emissions likely to drive higher inflation, economists say

Canada will sign onto a complaint against the United States over its interpretation of how free trade should apply to the continental auto industry, another sign of souring ties between the two neighbours.
Source: ctv business
Canada to complain about U.S. auto move in latest sign of trade strains

The European Union on Thursday rejected the merger between South Korean shipbuilders Hyundai and Daewoo, saying a union between two of the world’s biggest players in the industry would have given the combined company a global stranglehold on the production of liquified natural gas carriers.
Source: ctv business
EU halts merger of South Korean shipbuilders Daewoo, Hyundai

Europe’s natural gas crisis isn’t letting up. Reserves are low. Prices are high. Utility customers are getting hit with higher bills. Major Russian supplier Gazprom isn’t selling gas like it used to.
Source: ctv business
Europe gas crisis hinges on cold, high prices luring supply

Shares were mostly lower in Asia on Thursday after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in coming months.
Source: ctv business
World stocks retreat as inflation augurs Fed rate hikes

With just days to go before a federal vaccine mandate for truck drivers is set to come into effect, the federal government says Canadian truckers will be exempt from Canada’s new rules, but are still expected to face restrictions once the reciprocal American policy comes into effect.
Source: ctv business
Vaccine mandate for truckers will have exemptions, CBSA says

A new report from Scotiabank has found that Ontario, Alberta and Manitoba are the provinces facing the biggest shortages of housing in Canada, as these provinces were the only ones to have fewer homes per capita than the national average.
Source: ctv business
Housing shortage worst in Ontario, Alberta, Manitoba: report

Reitmans (Canada) Ltd. says it has paid creditors $95 million as it exits creditor protection after about 20 months.
Source: ctv business
Reitmans exits court protection after 20 months; pays million to creditors

Annual consumer inflation in the United States has climbed to 7 per cent as prices rise at the fastest clip in nearly four decades. But the real test for prices is a year away.
Source: ctv business
The big test for U.S. inflation is 12 months away

Inflation is flashing red for the U.S. Federal Reserve’s policymakers — and delivering sticker shock to Americans at the used car lot, the supermarket, the gas station, the rental office.
Source: ctv business
Why U.S. inflation is so high, and when it may ease