Direct Loan Canada Blog

Analysts say that with inflation surging, the Bank of Canada is likely to change its interest rate guidance in the new year so that it has the option to raise borrowing costs earlier than planned despite the threat the Omicron variant poses to growth.
Source: ctv business
Despite Omicron, Bank of Canada likely to signal earlier rate hikes possible

World shares fell on Friday after technology companies led Wall Street benchmarks lower as investors weighed the implications of higher interest rates, surging coronavirus cases and tensions between Beijing and Washington.
Source: ctv business
World shares mixed after tech-led retreat on Wall Street

Canada’s main stock index closed the week essentially unchanged to cap off a losing week, while U.S. markets fell after the Federal Reserve’s latest moves to fight inflation.
Source: ctv business
S&P/TSX composite flat to end losing week while U.S. markets fall

A federal judge rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic Thursday because of a provision that would protect members of the Sackler family from facing litigation of their own.
Source: ctv business
Judge rejects Purdue Pharma’s sweeping opioid settlement

An Ontario township council has unanimously voted to bring in a four-day work week for its employees following a successful pilot project.
Source: ctv business
Following pilot project, Ont. township votes to implement four-day week

Financial services firm Desjardins Group will pay up to nearly $201 million to settle a class-action lawsuit related to a data breach in 2019 that affected nearly 9.7 million Canadians.
Source: ctv business
Desjardins settles 2019 data breach class-action lawsuit for up to nearly 1 million

Melania Trump is getting in on the latest crypto craze — NFTs. The former first lady announced Thursday that she is selling an NFT, or a non-fungible token, titled ‘Melania’s Vision’ — her first public endeavour since leaving office almost one year ago.
Source: ctv business
Melania Trump launches NFT platform in first public endeavour since White House

Travel industry executives asked Canada’s airline regulator to establish that vouchers could amount to a refund in March 2020 amid thousands of flight cancellations at the outset of the COVID-19 pandemic, newly released emails reveal — days before the agency did so.
Source: ctv business
Regulator’s stance on refunds aligned with execs’ requests days earlier, emails show

The United Kingdom’s central bank on Thursday became the first in a major advanced economy to raise interest rates since the coronavirus pandemic began, as banks controlling monetary policy around the globe shift their focus from stimulating the economy to combating soaring consumer prices that arrived during the recovery.
Source: ctv business
U.K. raises interest rates as central banks focus on inflation

Apple will delay bringing its workers back to the office until a “yet to be determined” date, while giving all of its corporate and retail employees US$1,000 to buy equipment for their home offices.
Source: ctv business
Apple is delaying its return to offices indefinitely and giving each employee US,000