Direct Loan Canada Blog

North American stock markets rebounded from Thursday’s steep losses to end the week slightly positive while the loonie got a lift from a strong jobs report.
Source: ctv business
North American stock markets rebound to end week slightly higher; loonie rises

Statistics Canada says the economy added 230,700 jobs in June as restrictions put in place to slow the pandemic were rolled back across the country.
Source: ctv business
Canadian economy added 230,700 jobs in June, all part-time: StatCan

Companies looking to purchase insurance against cyberattacks in which their data is held for ransom will soon find it more expensive and difficult to obtain, a cybersecurity expert says.
Source: ctv business
Cybersecurity insurance rates likely to rise amid escalating ransomware attacks

Kansas City Southern says its shareholders will vote on the US$33.6-billion takeover offer from Canadian National Railway Co. next month.
Source: ctv business
Kansas City Southern shareholders to vote on CN’s US.6-billion offer on Aug. 19

A tearful, repentant Michael Avenatti, the brash lawyer who once represented Stormy Daniels in lawsuits against U.S. President Donald Trump, was sentenced Thursday to 2 1/2 years in prison for trying to extort up to US$25 million from Nike by threatening the company with bad publicity.
Source: ctv business
Avenatti sentenced to 2 1/2 years in prison for extortion

Black restaurant owners say the pandemic has made things even tougher and predict that it could be months or even years before they recoup lost earnings, but they’re bent on not letting the health crisis get the best of them.
Source: ctv business
Black-owned restaurateurs expect long recovery times from pandemic lows

An Ontario engineering firm has adopted a unique way to attract and retain talent: by offering all of their employees $20,000 for a down payment on their first home.
Source: ctv business
Ont. engineering firm giving K to each employee for down payment on first home

A strong run for Canada’s main stock index in the first half of 2021 isn’t a signal for investors to panic and sell in anticipation of a major correction, experts advise.
Source: ctv business
Strong stock market run not a signal of impending correction, say experts

The European Union handed down US$1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
Source: ctv business
EU fines 4 German car makers USB over emission collusion

Stocks were broadly lower Thursday as bond yields continued to fall and investors turned cautious after the market hit a series of record highs last week.
Source: ctv business
Tech companies help pull stocks broadly lower on Wall Street