Direct Loan Canada Blog

The European Union and coronavirus vaccine-maker AstraZeneca said Friday that they have clinched an agreement to end a damaging legal battle over the slow pace of deliveries of the Anglo-Swedish company’s shots.
Source: ctv business
EU, AstraZeneca reach deal to end COVID-19 vaccine delivery dispute

E-commerce giant Alibaba Group said Friday it will spend US$15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party’s political initiatives.
Source: ctv business
China’s Alibaba promises US.5B for development initiatives

Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year’s frenzy for so-called meme stocks, is seeking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, two people familiar with the matter said on Thursday.
Source: ctv business
Reddit seeks to hire advisers for U.S. IPO, sources say

Canada’s merchandise trade surplus fell to $778 million in July as imports rose more than exports for the month, Statistics Canada said Thursday.
Source: ctv business
Statistics Canada says country posted 8M trade surplus in July

Among the families who lost children and other loved ones in the nation’s opioid crisis, many had held out hope of someday facing OxyContin maker Purdue Pharma and its owners in a courtroom.
Source: ctv business
Deal with OxyContin maker leaves families angry, conflicted

CIBC has signed a deal to acquire the Canadian Costco credit card portfolio and become the exclusive issuer of Costco Mastercards in Canada.
Source: ctv business
CIBC signs deal to be exclusive issuer of Costco Mastercards in Canada

Apple will allow companies such as Spotify and Netflix to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store.
Source: ctv business
Apple relaxes App Store rules for services such as Spotify and Netflix

General Motors will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage.
Source: ctv business
GM to cut North American production, citing chip shortage

Gains in the energy sector as the price of oil topped US$70 a barrel helped Canada’s main stock index rise in late-morning trading, while U.S. stock markets also climbed higher.
Source: ctv business
Energy sector leads S&P/TSX composite higher as oil tops US a barrel

Saputo Inc. has acquired two food manufacturing facilities in North Carolina for US$118 million.
Source: ctv business
Dairy giant Saputo acquires two North Carolina food facilities for US8 million