Direct Loan Canada Blog

The European Central Bank is celebrating the 20th anniversary of euro notes and coins as member countries wrestle with the pandemic’s impact on the economy and the European Union forges a new level of financial cooperation to help boost the recovery.
Source: ctv business
Europe’s shared notes and coins turn 20 at New Year’s

Hong Kong’s Cathay Pacific Airlines is suspending cargo flights for a week due to stricter quarantine requirements for air crews, potentially adding to strain on global supply chains.
Source: ctv business
Cathay Pacific suspends cargo flights due to virus controls

Stocks were slightly lower in thin trading Friday, closing out what has turned out to be another banner year for Wall Street. Energy and banks were among the biggest gainers, a common occurrence for the last month.
Source: ctv business
Stocks inch lower in subdued trading on the last day of 2021

Canada’s main stock index ended the year up almost 22 per cent for its second straight year of double-digit gains, even as it ended the last day of 2021 in the red.
Source: ctv business
TSX up 21.7 per cent for the year; moves lower on the day in step with U.S. markets

The world’s biggest furniture brand IKEA is raising prices by an average of 9 per cent as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday.
Source: ctv business
Furniture giant IKEA raises prices as supply chain woes persist

WestJet Airlines Ltd. says it is being forced to cut 15 per cent of its flights through to the end of January as it deals with staffing shortages due to the Omicron variant.
Source: ctv business
WestJet to cancel 15 per cent of January flights due to COVID-19 related staff shortages

U.K. bank Santander got into the Christmas spirit this year by paying out a total of 130 million pounds (C$224 million) to customers by mistake on December 25.
Source: ctv business
U.K. bank mistakenly pays out 130M pounds on Christmas Day

The high-profile criminal fraud trial of Theranos founder Elizabeth Holmes will officially resume in 2022.
Source: ctv business
Jury in Elizabeth Holmes trial fails to reach a verdict for second straight week

Royal Caribbean Group said on Thursday it was grappling with a drop in bookings and a rise in cancellations as COVID-19 cases surge in the United States, driven by the fast-spreading Omicron variant.
Source: ctv business
Royal Caribbean bookings take a hit as Omicron fears worsen

Lebanese-Canadian businessman and philanthropist Mohamad Fakih, who was named to the Order of Canada on Wednesday, says that for immigrants, the Canadian dream is alive and well.
Source: ctv business
‘A real Canadian dream story’: Refugee-turned-CEO on being named to Order of Canada