Direct Loan Canada Blog

Statistics Canada reported manufacturing sales rose 0.4 per cent to $72.8 billion in September, as higher prices helped sales in the petroleum and coal product subsector move higher.
Source: ctv business
Statistics Canada reports manufacturing and wholesale sales up in September

A geological expert hired by the province of Nova Scotia to conduct a review of the idled Donkin coal mine in Cape Breton is recommending a two-phase approach to safely reopen it.
Source: ctv business
Expert recommends two-phase approach to reopen Nova Scotia’s idled Donkin mine

Loblaw Cos. Ltd. reported its third-quarter profit and revenue rose compared with a year ago.
Source: ctv business
Loblaw reports 1M Q3 profit, up from 6M a year ago, revenue up 5 per cent

A federal judge on Tuesday tentatively approved a portion of the newest plan to restructure US$10 billion of debt owed by Puerto Rico’s power company amid heated negotiations between creditors and the U.S. territory’s government.
Source: ctv business
Judge’s ruling advances plan to restructure US billion debt of Puerto Rico’s power company

Beyond the engineering, the athleticism, the speed, the luxury — fans love the sound of Formula One.
Source: ctv business
‘A noisy rock ‘n’ roll’: How growing interest in Formula One is felt across the music world

Manulife Financial Corp. has cut 250 jobs in its global wealth and asset management business, the latest asset management company to take action in a challenging environment, a spokesperson for Canada’s largest insurer said on Tuesday.
Source: ctv business
Manulife cuts 250 jobs in wealth and asset management unit

Long-haul carrier Emirates signalled Tuesday it will hold off on a major purchase of Airbus A350 aircraft over concerns about their Rolls Royce engines, marking a major blow for the European manufacturer as it hopes to close the sale during the Dubai Air Show this week.
Source: ctv business
Long-haul carrier Emirates signals it will hold off on major Airbus purchase over engine worries

Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at US$9 billion that will see Swiss commodities giant Glencore acquire a majority ownership.
Source: ctv business
Teck Resources agrees to sell steelmaking coal business in deals that value operations at US billion

Long-haul carrier Emirates opened the Dubai Air Show on Monday with a US$52 billion purchase of Boeing Co. aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel’s war with Hamas clouds regional security.
Source: ctv business
Long-haul carrier Emirates opens Dubai Air Show with US billion aircraft purchase from Boeing

Production workers at Ford’s Louisville assembly and Kentucky truck plants have voted against the tentative labour agreement, while skilled trades workers voted in favour, the local chapter of the United Auto Workers said on Monday.
Source: ctv business
Ford production workers at Kentucky, Louisville vote against new labour deal