Direct Loan Canada Blog

Lawmakers around the world are getting creative as they introduce a slew of bills intended to take Big Tech down a peg and the proposed legislation targeting personal data collected from young people could hit the bottom line of the social media companies.
Source: ctv business
An ‘eraser button’? Focused ideas could help bridle Big Tech

The Bank of Canada’s move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expected, has coloured federal efforts to craft an annual plan to manage the debt.
Source: ctv business
End of quantitative easing shadows Liberals’ consultation on managing federal debt

The Canadian Dairy Commission has recommended a significant increase in the price of farm gate milk starting early next year, which is expected to raise the cost of milk used to make dairy products for the retail and restaurant sectors.
Source: ctv business
Cost of dairy products could spike as Canadian commission recommends price increase

The U.S. and European Union have reached an agreement to settle their diplomatic rift over Trump-era steel and aluminum tariffs, the White House announced Saturday, as President Joe Biden is in Rome attending the Group of 20 summit.
Source: ctv business
U.S., EU reach agreement to settle rift over Trump-era steel and aluminum tariffs

Leaders at the Group of 20 summit in Rome are expressing broad support for sweeping changes in how big global companies are taxed.
Source: ctv business
How G20-backed corporate minimum tax would work

Hudson’s Bay Co. has issued an apology after creating an advisory board to support BIPOC fashion designers that had no Indigenous members.
Source: ctv business
HBC apologizes after creating BIPOC advisory board with no Indigenous members

The Los Angeles-Long Beach port complex will begin fining shipping companies if they let cargo containers stack up as the nation’s busiest twin harbors deal with an unprecedented backlog of vessels.
Source: ctv business
L.A., Long Beach ports will issue fines for backlogged cargo

Britain and France faced calls Saturday to sort out their latest post-Brexit spat over fishing rights in the English Channel, which threatens to escalate within days into a damaging French blockade of British boats and trucks.
Source: ctv business
U.K. and France urged to bring an end to latest fishing spat

The price of gas appears to be on a trajectory to approach $2 per litre in some parts of Canada by December 2022, according to Canadians for Affordable Energy president Dan McTeague.
Source: ctv business
Gas prices could reach per litre in parts of Canada next year, analyst says

Economists predict the Bank of Canada’s interest rate could increase by 50 to 75 basis points by the end of next year, something they say will undoubtedly also raise Canadian mortgage rates.
Source: ctv business
Expect mortgage rates to rise in 2022, economists say