Direct Loan Canada Blog

The clothing brand Forever 21 is making a return to the Canadian market after an agreement with Hudson’s Bay Co. allowing them to offer collections inside the department store.
Source: ctv business
Fashion brand Forever 21 returns to Canada with collections in Hudson’s Bay stores

Statistics Canada says the amount Canadians owe compared with their income fell in the first quarter compared with the end of last year.
Source: ctv business
Statistics Canada says household debt-to-income ratio fell in first quarter

Statistics Canada said Friday that household financial assets rose for a fourth consecutive quarter and the debt-to-income ratio fell, but some economists predict the gains may slow down as the economy reopens and spending ramps up.
Source: ctv business
Growth in Canadian household wealth on track to slow down as economy reopens

Tourmaline Oil Corp. says it has signed a deal to buy Black Swan Energy Ltd. in a deal worth $1.1 billion in stock and debt.
Source: ctv business
Tourmaline Oil signs deal to buy Black Swan Energy worth .1B in stock and debt

Stocks stalled in afternoon trading Friday, but the S&P 500 is still on pace for its third weekly gain in a row.
Source: ctv business
Stocks stall, S&P 500 still on track for a 3rd weekly gain

Canada’s main stock index moved further into record territory on a broad-based rally led by energy as crude prices climbed on increased demand from economic reopenings.
Source: ctv business
S&P/TSX composite moves deeper into record territory on broad-based rally

Taiwanese officials are fretting about whether a severe outbreak of COVID-19 could jeopardize the island’s critical role in the global semiconductor supply chain. But there’s another threat to the industry that experts worry may have even more drastic consequences: the climate crisis.
Source: ctv business
The chipmaking factory of the world is battling COVID-19 and the climate crisis

Resolute Forest Products Inc. says strong lumber markets are allowing it to pay a special dividend, spend US$50 million on its sawmills to support growth and repay US$180 million in debt.
Source: ctv business
Strong lumber markets allow Resolute to pay special dividend, spend and cut debt

Air Canada says it will recall more than 2,600 employees as it prepares for an increase in demand for flights, while also extending the deadline for COVID-19 refunds.
Source: ctv business
Air Canada to recall 2,600 workers, extends deadline for COVID-19 refunds

Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million.
Source: ctv business
Supreme Cannabis shareholders vote to approve 5M deal with Canopy Growth