Direct Loan Canada Blog

Prices increased in April at the fastest annual rate in nearly a decade as gasoline prices posted a record year-over-year rise and inflation continued to rebound from the plunge at the start of the COVID-19 pandemic.
Source: ctv business
Annual inflation rate in April rises to highest in nearly a decade

Stocks were broadly lower in early trading Wednesday as the market’s downturn entered into a third day. Meanwhile the price of Bitcoin and other cryptocurrencies dropped sharply.
Source: ctv business
More drops in Big Tech pull stocks lower; Bitcoin drops 19 per cent

A new study has revealed that just 20 companies account for more than 50 per cent of all single-use plastic in the world, while another 20 financial institutions are enabling these companies.
Source: ctv business
More than half of waste from single-use plastics can be traced to 20 companies, study finds

Canadian Pacific Railway Ltd.’s largest shareholder has called on CN Rail to drop its bid for Kansas City Southern because of the sizable break fee CN Rail would be forced to pay if its voting trust is not approved by the U.S. railway regulator.
Source: ctv business
CP Rail’s largest shareholder urges CN Rail to abandon bid for Kansas City Southern

President Joe Biden made the case for his $174 billion electric vehicle plan, calling for government grants for new battery production facilities during a visit to a Ford Motor electric-vehicle plant in Michigan. He argues the United States is falling behind China, which is selling more EVs.
Source: ctv business
Biden pitches 4 bln electric vehicle plan in Michigan

Critics say the damaging revelations against Bill Gates raise accountability concerns, but it remains unclear how much the dent to Gates’ reputation might affect the two iconic institutions he co-founded, Microsoft and his namesake philanthropic foundation.
Source: ctv business
Bill Gates’ leadership roles stay intact despite allegations

Canadian business leaders are calling on the federal government to lay out a clear and predictable plan for reopening the economy as the country’s vaccination rollout gains speed.
Source: ctv business
Business leaders call on Ottawa for a clear reopening plan as vaccine rates improve

Michael Burry, one of the investors who became famous for predicting the epic collapse in the housing market in 2008 that was chronicled in the book and movie ‘The Big Short,’ has a new favourite stock to bet against: Tesla.
Source: ctv business
Prophetic investor from ‘The Big Short’ is betting against Tesla

Bill Gates’s tenure at Microsoft has come under fresh scrutiny amid revelations that the tech giant probed the billionaire founder’s intimate relationship with a staffer before he left the board of directors and reports he met with convicted sex offender Jeffrey Epstein.
Source: ctv business
Scrutiny increases of Gates after Microsoft affair surfaces, reports of Epstein meetings

Ikea Canada has issued a recall for select plates, bowls, and mugs after the company received reports of some of these products breaking and causing a potential risk of burns.
Source: ctv business
Ikea recalls select dishes due to risk of breakage and burns