Direct Loan Canada Blog

Fallen Silicon Valley star Elizabeth Holmes, accused of bamboozling investors and patients into believing that her startup Theranos had developed a blood-testing device that would reshape health care, took the witness stand Friday in her trial for criminal fraud.
Source: ctv business
Elizabeth Holmes takes the stand in her criminal fraud trial

The company behind the push to build Canada’s first commercial spaceport, to be located on the tip of northeastern Nova Scotia, announced on Friday the first payload client for its initial rocket launch, which it expects near the end of 2023.
Source: ctv business
Proposed Nova Scotia spaceport announces payload client for initial launch

Canada has so far been a difficult place for budget airlines to thrive, but that appears to be changing, thanks mainly to the effects of the COVID-19 pandemic.
Source: ctv business
Price wars, budget options coming to Canada’s airline market amid pandemic recovery

Another week of Brexit negotiations still left the European Union awaiting a firm counterproposal from the United Kingdom on Friday to ease a standoff over how to deal with the country’s departure from the bloc.
Source: ctv business
EU awaits counterproposals from U.K. in Brexit standoff

Air Canada says it is withdrawing from further federal government financial support as its financial position has improved.
Source: ctv business
Air Canada withdraws from federal aid deal as financial position improves

Air Transat and WestJet have agreed to co-operate on a codeshare agreement for transatlantic travel.
Source: ctv business
Air Transat and WestJet sign codeshare deal for transatlantic travel

Canadian retail sales fell 0.6 per cent to $56.6 billion in September as sales of new cars slowed amid limited supply due to the shortages of semiconductor chips that have hurt production in the auto industry.
Source: ctv business
Statistics Canada says retail sales fell 0.6 per cent in September to .6B

Nike has postponed the release of its latest sneaker collaboration with Travis Scott following the Astroworld concert tragedy that left 10 people dead.
Source: ctv business
Nike postpones release of Travis Scott’s latest sneaker

Stocks wobbled in afternoon trading on Wall Street Friday and major indexes were on track for a mixed finish to a choppy week.
Source: ctv business
Stocks wobble as Wall Street heads for a mixed weekly finish

New European COVID-19 lockdowns rattled investors to end the week as Canada’s main stock index fell with commodities faltering on worries about the impact on demand.
Source: ctv business
European COVID-19 lockdowns rattle S&P/TSX composite as energy, materials falter