Direct Loan Canada Blog

The Canadian labour market is showing no signs of slowing despite forecasters expecting high interest rates to weigh on jobs numbers. Statistics Canada’s latest labour force survey released Friday showed that the economy added a whopping 150,000 jobs in January.
Source: ctv business
Canadian labour market shows no signs of slowing despite high interest rates

British Columbia’s lumber industry is anxiously parsing U.S. President Joe Biden’s latest Buy American language to better understand the implications for Canadian exporters.
Source: ctv business
B.C. lumber industry on edge after Biden ups the ante on Buy American policies

TC Energy Corp. has pegged the cost of cleanup and remediation of December’s oil spill from its Keystone pipeline at an estimated US$480 million.
Source: ctv business
TC Energy says combination of factors caused Keystone pipeline leak

A new report says Canada’s housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024.
Source: ctv business
Canada’s housing market to see listings fall in first quarter, before rebounding: TD

Indigo Books & Music Inc. is continuing to investigate what it calls a ‘cybersecurity incident’ affecting its website and electronic payment systems in stores.
Source: ctv business
Indigo investigating ongoing cybersecurity incident as its website remains offline

Shopify Inc. announced more than 100 new product updates Thursday, including several aimed at helping retailers reach more customers, make checkout easier and better manage shipping.
Source: ctv business
Shopify launches new shopping, shipping tools in semi-annual product showcase

Walt Disney Co. on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save US$5.5 billion in costs and make its streaming business profitable.
Source: ctv business
Disney to cut 7,000 jobs in major revamp by CEO

Credit Suisse on Thursday reported a pre-tax loss of more than 1.3 billion Swiss francs (about US$1.4 billion) in the fourth quarter of last year, as its new managers vie to right the top-drawer Swiss bank that has faced a string of setbacks in recent years.
Source: ctv business
Credit Suisse posts US.4B pre-tax loss as woes go on in 4Q

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations.
Source: ctv business
Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Stocks are rising on Wall Street Thursday following another mixed batch of earnings reports that included several standouts like The Walt Disney Co.’s.
Source: ctv business
Stocks rise as the yo-yo on Wall Street swings back upward