Direct Loan Canada Blog

Aurora Cannabis Inc. says it has laid off some workers after signing an agreement with an external sales broker.
Source: ctv business
Aurora Cannabis lays off workers after signing new sales broker deal

The Canadian company behind the Keystone XL oil pipeline said Wednesday it has suspended work on the pipeline in in anticipation of incoming U.S. President Joe Biden revoking its permit.
Source: ctv business
TC Energy halts Keystone XL pipeline project

The annual rate of inflation slowed in December as the pace of rising food prices decreased and the cost of air travel compared with a year earlier fell, Statistics Canada said.
Source: ctv business
Annual pace of inflation slowed in December to 0.7 per cent

Incoming U.S. President Joe Biden campaigned on a starkly different vision for America’s future than Donald Trump, and now that he’s in the White House, experts say Canadians can expect some big changes.
Source: ctv business
From Alberta’s oilsands to tariffs, how Biden’s presidency could change Canada

The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines.
Source: ctv business
Bank of Canada keep key rate at 0.25 per cent, warns of economic decline in 2021

U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
Source: ctv business
Wall Street hits records amid profit reports, D.C. changeover

Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October, triggering a sharp jump in the Hong Kong listed shares of the e-commerce giant.
Source: ctv business
Alibaba’s Jack Ma makes first live appearance in three months in online meet

As public outcry grows over the dramatic expansion of coal leases along the previously protected foothills in Alberta, Energy Minister Sonya Savage tried to ease tensions this week.
Source: ctv business
Opponents of new coal policy say Alberta energy minister’s gesture means little

The founder of MyPillow, a vocal and in the past few weeks very visible supporter of U.S. President Donald Trump, says a backlash against the company has begun after a mob stormed the U.S. Capitol this month.
Source: ctv business
Stores drop MyPillow after CEO pushes election conspiracies

The CEO of Stellantis, the carmaker created from the merger of PSA Peugeot and Fiat Chrysler, said Tuesday that the tie-up will help preserve jobs, factories and the 14 storied brands as billions in annual savings are achieved.
Source: ctv business
Stellantis CEO: New company will protect jobs and brands