Direct Loan Canada Blog

Hudson’s Bay is laying off another 250 workers, the second round of cutbacks this year. The Canadian retail arm of Hudson’s Bay Co. says the layoffs will impact corporate roles and brings the total number of employees laid off this year to about 500.
Source: ctv business
Hudson’s Bay cutting 250 corporate jobs amid efforts to ‘flatten the organization’

Hudson’s Bay is laying off another 250 workers, the second round of cutbacks this year. The Canadian retail arm of Hudson’s Bay Co. says the layoffs will impact corporate roles and brings the total number of employees laid off this year to about 500.
Source: ctv business
Hudson’s Bay announces layoffs amid efforts to ‘flatten the organization’

Experts say souring relations between Ottawa and Beijing could affect Canadian companies in China, potentially tarnishing the appeal of Canadian brands for Chinese consumers.
Source: ctv business
Canada-China spat could sour business relations, experts say

Goldman Sachs will pay US$215 million to settle a years-long class action lawsuit that claimed the bank discriminated against women when it came to pay, performance evaluations and promotions.
Source: ctv business
Goldman settles gender discrimination suit for US5 million

The new top boss at Suncor Energy Inc. says he has a sharp focus on cost-cutting as he embarks on the task of improving performance at the oilsands giant.
Source: ctv business
New Suncor CEO Kruger focused on cost-cutting, will ‘play to win’

Palantir Technologies said on Monday it expects to turn a profit every quarter in 2023, betting on interest ‘unlike anything we have seen’ in its new artificial intelligence platform, sending its shares up about 20 per cent in extended trading.
Source: ctv business
Palantir jumps on forecast for profit every quarter in 2023, AI demand

A top European Union official on Tuesday urged the 27 member nations to take trade measures against countries that help the Kremlin to circumvent the bloc’s sanctions against Russia.
Source: ctv business
EU takes aim at countries helping Russia to avoid sanctions

Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of US$31.88 billion, down nearly 20 per cent from the same period last year as energy prices have sunk over global recession concerns.
Source: ctv business
Saudi Aramco’s 1st quarter profit down about a fifth to USB

Chinese exports grew 8.5% in April, customs data showed Tuesday, displaying unexpected strength despite weakening global demand. Exports grew to $295.4 billion compared with a year earlier, although at a slower pace, building on momentum seen in the March data when exports rose 14.8%.
Source: ctv business
China exports up 8.5 per cent in April despite weak global demand

Stocks are drifting lower on Wall Street Tuesday following some mixed earnings reports. Several beaten-down banks are also weakening after a brief respite from a brutal run.
Source: ctv business
Stock market today: Wall Street dips amid quiet trading