Direct Loan Canada Blog

Seafarers, truck drivers and airline workers have endured quarantines, travel restrictions and complex COVID-19 vaccination and testing requirements to keep stretched supply chains moving during the pandemic.
Source: ctv business
The workers who keep global supply chains moving are warning of a ‘system collapse’

People in northeastern China ate breakfast by the light of smartphones and shopkeepers turned on generators as much of the country enforced power cuts Wednesday to meet official conservation targets and ease shortages in some areas.
Source: ctv business
Chinese switch to flashlights, generators amid power cuts

As many Canadians deal with the ‘new normal’ of living with COVID-19, CTV’s chief financial commentator Pattie Lovett-Reid asks: Are we facing a critical moment and potential financial tipping point?
Source: ctv business
Pattie Lovett-Reid: Are we on the cusp of a financial tipping point?

Stocks rose modestly on Wall Street Wednesday as the market regains its footing following a sharp drop a day earlier.
Source: ctv business
Stocks rise modestly on Wall Street a day after rout

U.S. Treasury Secretary Janet Yellen warned lawmakers that the federal government will likely run out of cash and extraordinary measures by October 18 unless Congress raises the debt ceiling.
Source: ctv business
U.S. government will run out of money by October 18, Treasury secretary says

Prime Minister Boris Johnson sought to reassure the British public Tuesday that a fuel-supply crisis snarling the country was ‘stabilizing,’ though his government said it would be a while before the situation returns to normal.
Source: ctv business
With army on standby, Johnson says U.K. fuel crisis improving

Long lines are snaking down streets across the U.K. as drivers struggle to fill up their cars, causing widespread traffic misery and worries over whether the emergency services can do their work. Here’s a look at how the crisis is unfolding.
Source: ctv business
EXPLAINER: Why and how the U.K. is experiencing a fuel crisis

Canada Mortgage and Housing Corp. says the country’s housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets shouldering the most risks.
Source: ctv business
Canadian housing market moves from moderate to high degree of vulnerability: CMHC

Gold miners Agnico Eagle Mines Ltd. and Kirkland Lake Gold Ltd. have agreed to merge.
Under the deal announced Tuesday , Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held.
Source: ctv business
Gold miners Agnico Eagle and Kirkland Lake Gold sign merger deal

France and Greece on Tuesday announced a multibillion-euro defence deal, including Athens’ decision to buy three French warships as part of a strategy to boost its defence capacities in the Eastern Mediterranean amid recurring tensions with longtime foe Turkey.
Source: ctv business
France, Greece sign defence deal; Athens to buy 3 warships