Direct Loan Canada Blog

Shares in major U.S. airlines were poised for gains Wednesday after U.S. President Donald Trump tweeted his support for relief package for the struggling industry and prodded Congress to take action.
Source: ctv business
Airline shares get a boost from Trump’s late tweets

A new study says many Canadian entrepreneurs are focused on shoring up their balance sheets after recording a drastic drop in revenues and mounting debt during the first wave of COVID-19.
Source: ctv business
Indebted Canadian businesses more ‘fragile’ than during 1st wave, BDC economist warns

U.S. President Donald Trump’s accountant must turn over his tax records to a New York state prosecutor, an appeals court ruled Wednesday in a decision that likely sets up a second trip to the U.S. Supreme Court over the issue.
Source: ctv business
Appeals court: Trump must turn over taxes to prosecutor

Gains in the industrial and financial sectors helped lead a broad-based rally on the Toronto Stock Exchange as Canada’s main stock index climbed in late-morning trading and U.S. stock markets also surged higher.
Source: ctv business
Industrials and financials help lead rally in Toronto, U.S. stocks also climb

Facing challenges from online retail sales, malls in Canada — including one in Sudbury — are working to add residential units to not only fill vacant space, but provide retailers with a built-in customer base.
Source: ctv business
As more retail moves online, one Sudbury mall wants you to move in

Ikea’s online sales got a big boost during the pandemic as millions of people turned their homes into makeshift schools and offices.
Source: ctv business
Ikea’s online sales surged as people turned homes into offices and schools

The company behind ice cream treat Eskimo Pie says it now sees that name as derogatory and will instead call its product Edy’s Pie.
Source: ctv business
Ice cream treat maker picks new name to replace Eskimo Pie

Boeing is lowering its expectations around demand for new planes over the next decade as the coronavirus pandemic continues to undercut air travel.
Source: ctv business
Boeing says pandemic will cut demand for planes for a decade

Appliance stores are grappling with a double whammy of surging demand and supply chain problems, resulting in mounting backorders ahead of the busiest shopping season of the year.
Source: ctv business
‘Whoever has stock right now is king:’ Surging appliance sales cause shortages

The head of the International Monetary Fund says that the global economy has started on a long climb to stronger growth with prospects looking a little better than four months ago.
Source: ctv business
IMF head says global economy facing long climb to recovery