Direct Loan Canada Blog

The U.S. Federal Reserve will begin dialing back the extraordinary economic aid it’s provided since the pandemic erupted last year, a response to high inflation that now looks likely to persist longer than it did just a few months ago.
Source: ctv business
U.S. Fed to begin slowing economic aid as inflation worries rise

Rogers Communications Inc. is urging the federal telecommunications regulator to go ahead as scheduled with its hearings into the company’s deal to buy Shaw Communications Inc.
Source: ctv business
Rogers urges CRTC to proceed with Shaw deal hearings amid calls for delay

Cenovus Energy Inc. doubled its dividend and announced a share buyback plan for up to 10 per cent of its shares as it reported a third-quarter profit of $551 million.
Source: ctv business
Cenovus reports 1M Q3 profit, doubles dividend and plans share buyback

Banks, insurers and investors with US$130 trillion at their disposal pledged on Wednesday to put combatting climate change at the center of their work, and gained support in the form of efforts to put green investing on a firmer footing.
Source: ctv business
COP26 coalition worth US0 trillion vows to put climate at heart of finance

Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an ‘increasingly challenging’ business and legal environment.
Source: ctv business
Why are foreign tech firms pulling out of China?

Stocks remained near all-time highs on Wall Street Wednesday after the Federal Reserve announced plans to begin reducing the extraordinary aid for the economy it has been providing since the early days of the pandemic.
Source: ctv business
Stocks little changed amid Fed’s plans to ease bond buying

Air Canada has suspended more than 800 employees for not being fully vaccinated against COVID-19 in line with federal rules.
Source: ctv business
Air Canada suspends more than 800 unvaccinated workers under new federal rules

On Tuesday, Premier Doug Ford announced that Ontario’s minimum wage would be increased to $15.00/hour as of Jan. 1 — here’s how that compares to the rest of the country.
Source: ctv business
Here’s how Ontario’s new minimum wage compares to every other province and territory

A cryptocurrency named after the wildly popular Netflix drama ‘Squid Game’ crashed to almost zero value on Tuesday after a dizzying rally pushed it to almost US$2,800 last week.
Source: ctv business
Crypto coin riding Squid Game high craters after dizzying rally

French trawler owners in Normandy have reacted with confusion and consternation after President Emmanuel Macron extended a Tuesday deadline for the British government to license more French fishing vessels, the subject of a post-Brexit spat between the two countries.
Source: ctv business
French trawler owners still in dark over U.K.-French fishing