Direct Loan Canada Blog

The head of the International Energy Agency blamed Russia for worsening Europe’s natural gas crisis, saying Wednesday that high prices and low storage levels largely stem from the behaviour of state-owned gas supplier Gazprom.
Source: ctv business
Energy monitor blames Russia for worsening Europe gas crisis

Actor Brian Cox has recorded a video message for Rogers Communications chair Edward Rogers, congratulating him on his ‘real-life Succession’ following a months-long battle for the leadership of the company.
Source: ctv business
‘Succession’ actor Brian Cox congratulates Edward Rogers for ousting former CEO

Rogers Communications Inc. has appointed Tony Staffieri permanent president and chief executive officer, effective immediately.
Source: ctv business
Rogers appoints Staffieri as permanent president and chief executive

Inflation jumped at its fastest pace in nearly 40 years last month, a 7 per cent spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on U.S. President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.
Source: ctv business
U.S. consumer prices soared 7 per cent in past year, most since 1982

Stocks eased off of early gains, but still edged higher in afternoon trading on Wall Street Wednesday after the latest report of surging prices appeared to keep the U.S. Federal Reserve on track to raise interest rates later this year.
Source: ctv business
Stocks rise as inflation report keeps rate hikes on track

World Wrestling Entertainment Inc was sued on Tuesday by a smaller rival that accused it of violating federal antitrust law by monopolizing the professional wrestling market.
Source: ctv business
WWE rival sues over alleged illegal wrestling monopoly

China has suspended imports of Canadian beef following the discovery of an atypical case of BSE, or mad cow disease, on an Alberta farm last month.
Source: ctv business
China, Philippines halt Canadian beef imports after discovery of ‘atypical’ BSE case

United Airlines said it is reducing its flight schedule in hopes of stemming COVID-related staffing shortages that have caused thousands of flight cancellations across the industry.
Source: ctv business
United Airlines is reducing flights amid Omicron surge

Nike Inc. has launched a lawsuit against Lululemon Athletica Inc. accusing the athletic apparel maker of patent infringement with its new Mirror home gym.
Source: ctv business
Nike accuses Lululemon of patent infringement as at-home fitness competition heats up

The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains.
Source: ctv business
Outbreaks, bottlenecks expected to slow global growth in 2022: World Bank