Direct Loan Canada Blog

Canada’s main stock index concluded its third losing week in a row by giving back some of its recent gains amid concerns out of China about the real estate market and the country’s ban on cryptocurrencies.
Source: ctv business
S&P/TSX composite ends down for third straight week on events coming out of China

Canada added seven billionaires in 2020, increasing its total to 53, tied for 12th-most in the world with Brazil, according to a new global report.
Source: ctv business
Canada jumps up list of billionaire countries in new report

The chief executive of Cineplex Inc. says his company’s decision to slow payments to film studios and seek rent deferrals and abatements during the pandemic was akin to moves being made by Cineworld Group PLC and other large Canadian retailers.
Source: ctv business
Cineplex’s pandemic response was similar to prospective buyer, other retailers: CEO

The Canadian Olympic Committee and the Canadian Paralympic Committee announced on Thursday that Lululemon is the new ‘official outfitter’ for the 2022 Beijing Winter Olympics, in a deal that extends to the 2028 Summer Games in Los Angeles.
Source: ctv business
‘Canadian tuxedo’ no more: Lululemon replaces Hudson’s Bay as Canada’s Olympic clothier

Canadian retail sales dropped 0.6 per cent to $55.8 billion in July as sales at supermarkets and grocery stores fell with more people returning to restaurants and patios.
Source: ctv business
Statistics Canada says retail sales fell 0.6 per cent in July as grocery store sales fell

The European Union unveiled plans Thursday to require smartphone makers to adopt a single charging method for mobile devices.
Source: ctv business
One to charge them all: EU demands single plug for phones

Fears that a Chinese real estate developer’s possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors waited to see how much they might recover.
Source: ctv business
Fears of global shockwaves from Chinese builder’s debts ease

Taiwan announced Thursday it has applied to join an 11-nation Pacific trade group, setting up a potential clash with rival Beijing over the status of the island democracy.
Source: ctv business
Taiwan asks to join trade group, says China might interfere

Office vacancies in Canada were at the highest level in decades this quarter as new supply continued to come onto the market while the fourth wave of COVID-19 slowed an expected return to work.
Source: ctv business
Canadian office vacancy rate hits highest level since 1994

Stocks rose broadly on Wall Street Thursday and erased weekly losses for most of the major indexes.
Source: ctv business
Stocks rise on Wall Street, erasing most weekly losses