Direct Loan Canada Blog

Imperial Oil Ltd. says it is going ahead with a $720-million project to build a renewable diesel facility at its Strathcona refinery near Edmonton.
Source: ctv business
Imperial Oil gives OK to 0M renewable diesel project near Edmonton

The federal privacy watchdog says Home Depot shared details from electronic receipts with Meta, which operates the Facebook social media platform, without the knowledge or consent of customers.
Source: ctv business
Home Depot gave personal data to Meta without valid customer consent: watchdog

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.
Source: ctv business
IBM cuts 3,900 jobs, misses annual cash target

Israel’s tech industry has long been the driving force behind the country’s economy. Now, as Israel’s new government pushes ahead with its far-right agenda, the industry is flexing its muscle and speaking out in unprecedented criticism against policies it fears will drive away investors and decimate the booming sector.
Source: ctv business
Israel’s high-tech economic engine criticizes government policies

Toyota set up a new leadership team Thursday in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider ‘mobility company.’
Source: ctv business
Toyota CEO Akio Toyoda to step aside, become chairman

SAP said Thursday that it is cutting up to 3,000 jobs worldwide, or about 2.5 per cent of its workforce, after a sharp drop in profits at Europe’s biggest software company.
Source: ctv business
SAP to cut up to 3,000 jobs worldwide, mulls Qualtrics sale

As the Bank of Canada takes a pause from raising interest rates to assess the effects of higher borrowing costs on the economy, economists will be paying close attention to how the labour market is affected.
Source: ctv business
As the BoC takes a pause from hiking rates, all eyes are on the labour market

Wall Street was mixed in muted trading early Thursday as investors waited for more U.S. economic data amid rising hope that Western economies can avoid a recession despite higher interest rates meant to cool inflation.
Source: ctv business
Wall Street mixed in muted premarket trading

A Canadian charity is helping individuals with mental health struggles — not with medication or therapy — but by helping applicants start their own businesses.
Source: ctv business
How entrepreneurship is helping some Canadians overcome their mental health struggles

More than 1,000 Canadians have been, or will be, affected by layoffs announced by Canadian and American companies so far this year.
Source: ctv business
Here are the companies that have announced Canadian layoffs so far in 2023