Direct Loan Canada Blog

New car sales plunged over the last three months in the United States despite strong demand, as the shortage of computer chips and other supply chain issues caused shutdowns at auto factories and choked off the supply of vehicles.
Source: ctv business
U.S. car sales plunge as chip shortages choke off supply

A Turkish company supplying electricity to Lebanon from two power barges off the coast of Beirut said Friday it has halted supplies after its contract with the Lebanese state electricity company expired.
Source: ctv business
Turkish company halts power supplies to crisis-hit Lebanon

Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, on Friday approved the spinoff of the truck division as a separate company.
Source: ctv business
Daimler’s trucks, luxury cars to go their separate ways

Interac Corp. says it has signed a deal to acquire the exclusive rights to SecureKey Technologies Inc.’s digital identification services in Canada.
Source: ctv business
Interac acquires rights to SecureKey digital identification services in Canada

Many British gas stations were still dry after a chaotic week that saw panic-buying, fights at the pumps and drivers hoarding fuel in water bottles after an acute shortage of truck drivers strained supply chains to breaking point.
Source: ctv business
British gas pumps still dry, pig cull fears grow

A group of more than 20 current and former employees are accusing Jeff Bezos’ Blue Origin rocket ship company of being a toxic work environment and not adhering to proper safety protocols.
Source: ctv business
Workers at Bezos’ rocket company allege sexism, safety risks

Consumers appears to have helped the Canadian economy through a July stumble, as Statistics Canada reported Friday that real gross domestic product dropped 0.1 per cent in the month before rebounding in August.
Source: ctv business
Statistics Canada says GDP fell 0.1 per cent in July

Stocks were swinging between slight gains and losses on Friday, closing out what has been one of the worst weeks for financial markets in months.
Source: ctv business
Stocks swing between gains and losses, energy companies rise

A positive start to October helped North American stock markets to mitigate deep losses for the week as a potential new COVID-19 drug renewed optimism about the recovery.
Source: ctv business
North American stock markets end losing week by bouncing back to start October

As grocery prices continue to rise, the price of bacon in Canada reached an all-time high last month, according to data from Statistics Canada.
Source: ctv business
Bacon prices reach all-time high in Canada