Direct Loan Canada Blog

As the semiconductor chip shortage caused by pandemic-related production issues and a surge in demand for electronics drags on, Canada’s auto production slowdown is worse than many other countries.
Source: ctv business
Canadian auto production hit especially hard by semiconductor shortage

Harry Crosby was 19 when his father, Bing, died in 1977. But when he goes to a shopping mall or party in December, there’s a strong chance he’ll hear his dad’s voice singing ‘White Christmas.’
Source: ctv business
Bing Crosby’s heirs sell stake in estate to boost his work

Dozens of large German companies have urged the country’s next government to put in place ambitious policies to meet the goals of the 2015 Paris climate accord.
Source: ctv business
German companies urge next government to step up on climate

Southwest Airlines cancelled several hundred more flights Monday following a weekend of major disruptions that it blamed on bad weather and air traffic control issues. Both the company and its pilots’ union denied reports of a sickout to protest mandatory COVID-19 vaccinations.
Source: ctv business
Southwest Airlines flight cancellations continue into Monday

Canadian economist David Card is among the three winners of the 2021 Nobel prize for economics on Monday for pioneering research on the labour market impacts of minimum wage, immigration and education.
Source: ctv business
Canadian among three winners of economics Nobel prize

Stocks edged lower in afternoon trading on Wall Street Monday as communications companies and banks fell broadly.
Source: ctv business
Stocks edge lower as Wall Street prepares for earnings

Since the Taliban’s takeover of Afghanistan, the country has fallen into the most serious economic slide since the 1990s, with prices more than doubling for some products.
Source: ctv business
Afghanistan in midst of economic crisis as foreign aid dries up

Lebanon’s main state electricity company supplied around two hours of power to the national grid, local residents told CNN on Sunday, a day after the country was reported to have disconnected from its grid due to fuel depletion.
Source: ctv business
State electricity returns in Lebanon but still maxes out at two hours in most areas

The release of the ‘Pandora Papers’ report by the International Consortium of Investigative Journalists has drawn new scrutiny to the growth of tax havens in the United States; and has shed light on the financial dealings of the elite and the corrupt and how they have used offshore accounts and tax havens to shield trillions of dollars in assets.
Source: ctv business
Explainer: How U.S. states help rich foreigners shield assets

California on Saturday became the first U.S. state to say large department stores must display products like toys and toothbrushes in gender-neutral ways, a win for LGBTQS+ advocates who say the pink and blue hues of traditional marketing methods pressure children to conform to gender stereotypes.
Source: ctv business
California law requires gender-neutral area in some stores