Direct Loan Canada Blog

Industry experts are expressing concerns that confusion on the new COVID-19 vaccine mandate for truckers may leave some unvaccinated drivers, who were under the assumption they would be exempt, stuck if they are already en route.
Source: ctv business
Canadian truckers already en route should get reprieve amid vaccine mandate confusion: industry leader

Industry experts are expressing concerns that this week’s confusion on the new COVID-19 vaccine mandate for truckers may leave some drivers, who were under the impression they would be exempt, stuck if they are already en route, or facing two weeks with no paycheque while undergoing quarantine.
Source: ctv business
‘Mass confusion’ amid changing messaging on trucker vaccine mandate: industry leader

Social media giant Facebook, now known as Meta Platforms, faces a 2.3 billion pound plus (US$3.2 billion plus) class action in Britain over allegations it abused its market dominance by exploiting the personal data of 44 million users.
Source: ctv business
Facebook faces US.2B U.K. class action over market dominance

Canada’s main stock index fell in late-morning trading amid losses in the base metals and health care sectors, while U.S. stock markets also moved lower.
Source: ctv business
S&P/TSX composite and U.S. stock markets down in late-morning trading

Canada’s main stock index snapped a two-week skid by bouncing back from a weak morning prompted by tepid U.S. retail sales and an underwhelming start to fourth-quarter U.S. bank earnings.
Source: ctv business
S&P/TSX composite rebounds from weak morning start to snap two-week skid

Cannabis companies are selling off growing facilities, stores and warehouses as they try to better align their offerings with demand.
Source: ctv business
Cannabis companies facing ‘crossroads’ selling off stores, farms and warehouses

Canada’s corporations have already earned enough revenue this year to pay off their 2022 taxes, according to a new report.
Source: ctv business
Canada’s corporations have already made enough money to pay their 2022 taxes, report finds

The U.S. Supreme Court has stopped a major push by the Biden administration to boost the nation’s COVID-19 vaccination rate, a requirement that employees at large businesses get a vaccine or test regularly and wear a mask on the job.
Source: ctv business
U.S. Supreme Court halts COVID-19 vaccine rule for businesses

Shares of Virgin Galactic — the space tourism company that carried its billionaire founder, Richard Branson, to the edge of space last summer — took a major price hit on Thursday after the company announced it’s raising as much as half a billion dollars in debt.
Source: ctv business
Virgin Galactic shares tumble as company says it’s raising US5M in debt

Inflation has vaulted to the top of CEOs’ worry list. More than half (55%) of global CEOs fear pricing pressures will stay elevated until mid-2023 — or beyond, according to a survey released Thursday by the Conference Board.
Source: ctv business
Most CEOs say inflation will stay hot until at least mid-2023