Direct Loan Canada Blog

A vehicle struck and killed a United Auto Workers member Wednesday as he was walking to a picket line to join striking workers outside a John Deere distribution plant in northwest Illinois, the union and police said.
Source: ctv business
UAW member hit, killed by car near John Deere picket line

European Union regulators opened an investigation Wednesday into graphics chipmaker Nvidia’s US$40 billion purchase of chip designer Arm over concerns it would limit competition, adding to global scrutiny of the deal.
Source: ctv business
EU investigates Nvidia’s purchase of chip designer Arm

Iran’s president said Wednesday that a cyberattack which paralyzed every gas station in the Islamic Republic was designed to get ‘people angry by creating disorder and disruption,’ as long lines still snaked around the pumps a day after the incident began.
Source: ctv business
Iran’s president says cyberattack meant to create ‘disorder’

The defence for former Nissan executive Greg Kelly said Wednesday there was no evidence or motives linking him to alleged under-reporting of his ex-boss Carlos Ghosn’s compensation.
Source: ctv business
Defence says American charged in Ghosn pay case not involved

Boeing is reporting a loss of US$109 million for the third quarter as it struggles to resume deliveries of the 787, a large plane that is popular on international airline routes.
Source: ctv business
Boeing posts US9 million Q3 loss amid jet production issues

A hike in the cost of wheat is alarming French households who fear a possible rise in the price of the prized baguette, seen by many as a barometer of the country’s economic health.
Source: ctv business
Fears of rising baguette prices pose crunch for the French

The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected. The central bank said Wednesday it now forecasts that annual inflation rates will continue their upward swing through the rest of year, averaging 4.75 per cent.
Source: ctv business
Bank of Canada warns on prolonged inflation, ends bond-buying program

The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.
Source: ctv business
Bank of Canada warns on prolonged inflation, but hints at looming hike in rates

McDonald’s reported quarterly U.S. sales that beat Wall Street expectations, helped by higher prices, larger order sizes and newer menu items such as the crispy chicken burger.
Source: ctv business
McDonald’s sales soar on higher prices, newer menu items

Pushing past skeptics, Senate Democrats on Wednesday unveiled a new billionaires’ tax proposal, an entirely new entry in the tax code designed to help pay for U.S. President Joe Biden’s sweeping domestic policy package and edge his party closer to an overall agreement.
Source: ctv business
Democrats unveil billionaires’ tax as Biden plan takes shape