Direct Loan Canada Blog

The founder and one-time executive chair of Nikola Corp. was freed on US$100 million bail Thursday after pleading not guilty to charges alleging he lied about the electric and hydrogen-powered truck startup, duping novice investors including some financially struggling people looking for income during the pandemic.
Source: ctv business
Nikola founder Trevor Milton freed on US0M bail after fraud arrest

The Retail Council of Canada is warning that disruptions to furniture factories in Vietnam due to COVID-19, coupled with steep import tariffs, may cause furniture shortages in Canada.
Source: ctv business
‘A recipe for disaster’: Retail council warns of furniture shortages amid factory outbreaks, tariffs

A union representing about 9,000 Canadian Border Service Agency workers says its members’ employers have agreed to return to the bargaining table following a strike threat made earlier this week.
Source: ctv business
Border workers’ union, employers to return to bargaining table after strike threat

German pharmaceutical and chemical company Bayer said Thursday it would take a provision of US$4.5 billion against second-quarter earnings to put the company on what it said would be a path to closure of thousands of U.S. lawsuits over a weedkiller containing the chemical glyphosate.
Source: ctv business
Bayer takes additional US.5 billion charge for Roundup suits

The U.S. Food and Drug Administration is allowing the problem-plagued factory of contract manufacturer Emergent BioSolutions to resume production of COVID-19 vaccine, the company said Thursday.
Source: ctv business
Emergent: U.S. FDA letting troubled COVID vaccine factory restart

A shortage of skilled workers is intensifying in Canada, potentially threatening the pace of the economic recovery from the COVID-19 pandemic, and that has policymakers looking at a largely untapped market for new construction workers: Women.
Source: ctv business
Canada looks to women to bolster trades amid post-pandemic labour shortage

A Spanish judge investigating alleged tax fraud by Colombian musician Shakira recommended on Thursday that the case go to trial after concluding there is evidence that the pop star could have avoided her fiscal obligations to the state.
Source: ctv business
Spanish judge recommends Shakira face tax fraud trial

A German federal court ruled Thursday that the golden shade of the foil wrap on Lindt & Spruengli’s Gold Bunny, a popular chocolate Easter bunny, enjoys protected status.
Source: ctv business
German federal court sides with Lindt in gold bunny battle

Stocks rose on Wall Street Thursday as the latest government data showed continued economic growth and investors reviewed another batch of mostly positive corporate earnings reports.
Source: ctv business
Stocks rise following solid economic, earnings reports

Robinhood made its own leap into the stock market Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its initial reception was wild.
Source: ctv business
In Robinhood’s stock debut, a tumble and then sharp swings