Direct Loan Canada Blog

Propelled by commodity prices, the Canadian loonie hit its highest level since 2015 on Wednesday.
Source: ctv business
Loonie reaches highest level since 2015

Bitcoin prices have plummeted about 12 per cent to less than US$50,000 in the last 24 hours. The decline comes after Musk, Tesla’s CEO and a vocal bitcoin advocate, said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles, citing its ‘high environmental cost.’
Source: ctv business
Bitcoin’s crash is very bad news for other cryptos

Stocks were posting strong gains in afternoon trading Thursday, following three days of losses and the biggest one-day drop in the S&P 500 since February.
Source: ctv business
Stocks rise after three days of losses, Bitcoin drops 11 per cent

The Canada Revenue Agency (CRA) says it has received a significantly higher volume of calls from taxpayers this tax season compared to a year ago and, as a result, wait times to access services have also increased.
Source: ctv business
CRA says it had ‘two to three times’ as many people calling with tax queries in 2021 tax season

The shutdown of the Colonial Pipeline is causing serious disruptions in the eastern United States. As a result, experts say motorists in some parts of Canada could be paying more at the pump.
Source: ctv business
Colonial Pipeline shutdown: How it could affect Canadians

A global shortage of computer chips has forced automakers to slash production. The result has been far fewer vehicles on dealer lots, just as the waning pandemic has fueled a pent-up consumer demand for cars, trucks and SUVs.
Source: ctv business
As chip shortage goes on, cars are scarce and prices are up

The skyrocketing cost of lumber is fuelling a trend that has authorities across the country warning builders to keep their guard up.
Source: ctv business
‘It is a gold mine:’ Builders warned of rising lumber thefts across Canada

Political ‘brinksmanship’ in Michigan risks allowing Enbridge Inc. to abandon plans for a $500-million tunnel that would protect an ecologically sensitive Great Lakes waterway from the controversial Line 5 pipeline, business leaders warned Wednesday.
Source: ctv business
Business leaders in Michigan, Ohio, Wisconsin urge court to keep Line 5 operating

State and federal officials in the U.S. are scrambling to find alternate routes to deliver gasoline in the Southeast U.S. after a hack of the nation’s largest fuel pipeline led to panic-buying that contributed to more than 1,000 gas stations running out of fuel.
Source: ctv business
Scramble on for new fuel routes after Colonial Pipeline hack

The German government has agreed to let travelers who have been vaccinated against COVID-19 or recovered from infection avoid testing and quarantine when entering the country, unless they come from areas where variants of concern are prevalent.
Source: ctv business
Germany eases travel rules for vaccinated as vacations loom