Direct Loan Canada Blog

China confirmed on Wednesday that it would join the United States and other major energy-consuming nations in releasing strategic oil reserves to try to cool high prices and tame inflation.
Source: ctv business
China is joining the U.S. and other countries in tapping emergency oil reserves

Ships in Chinese waters are disappearing from industry tracking systems, creating yet another headache for the global supply chain. China’s growing isolation from the rest of the world — along with a deepening mistrust of foreign influence — may be to blame.
Source: ctv business
China’s disappearing ships: The latest headache for the global supply chain

Alimentation Couche-Tard Inc. says labour shortages have been a big challenge for its convenience stores and suppliers, but the Quebec company believes the worst is behind it.
Source: ctv business
Alimentation Couche-Tard CEO optimistic worst of labour shortages is behind it

Experts say supply chain strength is dictating Black Friday discounts this year as smaller stores struggling with rising costs have less capacity for big markdowns.
Source: ctv business
Depth of Black Friday discounts depends on resiliency of retailers’ supply chains

Strength in the energy and technology sectors helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets fell.
Source: ctv business
Energy and tech stocks help lift S&P/TSX composite, U.S. stock markets edge lower

When U.S. President Joe Biden ordered the release of 50 million barrels of oil from America’s strategic reserve to help reduce energy costs, he was taking aim at a growing burden for millions of Americans embarking on Thanksgiving travel.
Source: ctv business
What is the U.S. Strategic Petroleum Reserve, and how could it affect gas prices?

U.S. President Joe Biden on Tuesday authorized the release of oil reserves with the hopes of curbing high energy costs, but one Canadian expert says it won’t be enough to turn around rising gas prices and may in fact be followed by a small increase.
Source: ctv business
Will gas prices in Canada be affected by Biden tapping into U.S. oil reserves?

Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive medical scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company’s blood-testing methods weren’t working as she had promised.
Source: ctv business
Elizabeth Holmes denies deception at her criminal trial

Samsung said it plans to build a US$17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices.
Source: ctv business
Samsung says it will build USB chip factory in Texas

An Ontario grandmother who bought an educational toy for her 15-month-old granddaughter was shocked when the dancing cactus started swearing and singing about doing cocaine.
Source: ctv business
Walmart pulls children’s toy off its website that swears and sings in Polish about doing cocaine