Direct Loan Canada Blog

German pharmaceutical company BioNTech, which partnered with Pfizer to develop the first widely used COVID-19 vaccine, said Tuesday that its earnings grew again in the third quarter.
Source: ctv business
COVID vaccine developer BioNTech sees profits rise

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, healthcare and energy.
Source: ctv business
General Electric to split into 3 public companies

The CEO of Air Canada has hired a private tutor to learn to speak and understand the French language.
Source: ctv business
Air Canada CEO hires private tutor to learn French after ‘insulting’ comment leads to language uproar

Losses in the base metals sector weighed on the Toronto Stock Exchange as Canada’s main stock index pulled back in late-morning trading after closing at a record high on Monday.
Source: ctv business
Canadian and U.S. stock markets down in late-morning trading, loonie edges lower

A recent boardroom clash at Rogers Communications Inc. has revealed the governance risk associated with dual-class share companies, but experts say businesses with that structure can be hard to avoid for investors because they’re big profit generators.
Source: ctv business
Rogers is ‘worst case scenario’ for otherwise profitable dual-class share structures

Rapper and fashion mogul Ye’s high-end clothing company Yeezy agreed Monday to pay US$950,000 to settle a lawsuit brought by four California district attorneys over slow shipping to customers.
Source: ctv business
Ye’s Yeezy pays nearly USM to settle slow-shipping lawsuit

Freshii Inc. says it has signed a deal with a hospitality operator to open 20 new restaurants in the United States over six years — the largest multi-unit franchise agreement in the company’s history.
Source: ctv business
Freshii signs deal to open 20 new franchise restaurants in Texas

More than 100 fossil fuel companies are understood to have sent 500 lobbyists to the COP26 climate talks in Glasgow, Scotland, more than any single country at the summit, according to the environmental campaign group Global Witness.
Source: ctv business
Fossil fuel companies have over 500 people at COP26, more than any single country, report says

Tourism operators have mixed feelings about the opening of the U.S. land border Monday.
Source: ctv business
Open U.S. land border could drain tourists southward, Canadian operators worry

Aurora Cannabis Inc. says it has signed a deal to invest in a significant equity stake in Growery B.V., a Netherlands-based company that holds a license to participate in the country’s controlled cannabis supply chain experiment.
Source: ctv business
Aurora Cannabis buying stake in Dutch company Growery, to provide secured loan