Direct Loan Canada Blog

Two of the world’s biggest chipmakers are warning that COVID-19 outbreaks and stringent lockdowns in a major Chinese industrial hub are hampering their operations.
Source: ctv business
China’s Xi’an lockdown hits some of the world’s largest chipmakers

JetBlue Airways is reducing its schedule by about 1,280 flights from Thursday through January 13 because a growing number of crew members are falling sick from COVID-19 infections.
Source: ctv business
JetBlue is cancelling 1,280 flights as Omicron cases surge

Jan. 1 is going to feel like Groundhog Day for all those paying into the Canada Pension Plan. Like last year, contributions are going up again by more than originally planned, and the reason again lies with the unique impacts of the pandemic on the labour market.
Source: ctv business
CPP premiums are getting a bigger bump than planned. Here’s why

Canada’s main stock index was up in mid-morning trading, with all sectors except energy posting positive gains.
Source: ctv business
Canada’s main stock index edges up as most sectors post early gains

George Weston Limited says the previously announced $370-million sale of its Weston Foods ambient bakery business to Hearthside Food Solutions, LLC has closed.
Source: ctv business
Weston completes 5M sale of ambient bakery business

Hundreds of flights were cancelled Wednesday as the Omicron variant creates havoc both for travellers and for airlines that are having to cobble together flight crews as pilots, flight attendants and ground crews become infected or are exposed to others who have been.
Source: ctv business
Widespread flight cancellations continue in U.S. as Omicron spreads

Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He’ll end up with one of the largest tax bills in history to show for it.
Source: ctv business
Elon Musk owes US billion in taxes after wrapping up his Tesla stock sales

TransAlta Corp. says it has finished its planned transition from coal to natural gas in its Canadian power generation.
Source: ctv business
TransAlta completes conversion from coal to natural gas power in Canada

Indonesia said Wednesday it is lifting its ban on Boeing’s 737 Max aircraft, three years after one crashed into the Java Sea shortly after takeoff killing all 189 people on board.
Source: ctv business
Indonesia to let Boeing 737 Max fly again after 2018 crash

Stocks were losing momentum in Wednesday afternoon trading, putting the S&P 500 barely below the record closing high it set on Monday.
Source: ctv business
Stocks dip mostly lower; retail companies rise