Direct Loan Canada Blog

Global supply chain problems won’t leave Canadian Tire Corp. Ltd. shelves bare this holiday season, the retailer said Thursday, as it detailed how it has successfully coped with issues stymying competitors.
Source: ctv business
Canadian Tire confident in ability to navigate supply chain woes as Q3 profit drops

Chinese shoppers spent US$139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though spending slowed during the coronavirus pandemic.
Source: ctv business
Chinese shoppers spend US9 billion during Singles’ Day fest

Canada’s main stock index was up more than 100 points in late-morning trading as gains in the base metals sector helped lead the way higher, while the loonie fell and U.S. stock markets were mixed.
Source: ctv business
S&P/TSX composite up more than 100 points in late-morning trading, loonie down

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 900,000 shares of the electric car maker’s stock, netting over US$1.1 billion that will go toward paying tax obligations for stock options.
Source: ctv business
After Twitter poll, CEO Musk sells off USB in Tesla shares

The requirement to present a negative PCR test isn’t just for Canadians returning home from vacation. It’s for all fully vaccinated foreign business and leisure travellers entering the country at both land and air borders.
Source: ctv business
B.C.’s tourism sector pleads with Canada to drop PCR test requirement

Customers with disabilities across the United States have been overcharged by Uber since 2016 for allegedly taking too long to load into their designated vehicle, according to a federal civil lawsuit the Justice Department filed on Wednesday.
Source: ctv business
U.S. Justice Department sues Uber for allegedly overcharging people with disabilities

Michael Bloomberg will spend US$120 million in an effort to reduce the soaring numbers of deaths from drug overdoses, he announced today at a healthcare summit he organized.
Source: ctv business
Michael Bloomberg pledges US0 million to curb drug overdose deaths

Shares in Rivian Automotive are soaring on their first day of trading, rising 37 per cent. It’s an auspicious stock market debut for the electric vehicle maker, which has the backing of Ford and Amazon.
Source: ctv business
Electric truck maker Rivian, backed by Amazon, goes public

The owner of a San Francisco Bay Area solar energy company was sentenced to 30 years in federal prison Tuesday for an audacious Ponzi scheme that defrauded investors of US$1 billion.
Source: ctv business
California man gets 30 years in prison for USB Ponzi scheme

The Royal Canadian Legion says it has seen a ‘dramatic increase’ this year in the number of overseas websites selling unauthorized merchandise using depictions of the poppy.
Source: ctv business
Royal Canadian Legion warns of ‘dramatic increase’ in unauthorized sites selling poppy merchandise