Direct Loan Canada Blog

European Union and British regulators opened dual antitrust investigations Friday into whether Facebook distorts competition in the classified advertising market by using data to compete unfairly against rival services.
Source: ctv business
European regulators launch fresh probes of Facebook, Google

CTV News’ Chief Financial Commentator Pattie Lovett-Reid offers some advice to remote workers on how to ‘hustle’ and ensure they’re not forgotten while they’re not in the office.
Source: ctv business
Pattie Lovett-Reid: How to ‘hustle’ to avoid being forgotten while working remotely

Statistics Canada says the economy lost 68,000 jobs in May as lockdowns to slow the spread of COVID-19 continued.
Source: ctv business
Canadian economy lost 68,000 jobs in May: StatCan

Strength in the base metals sector helped lift Canada’s main stock index higher in late-morning trading as it pushed back above 20,000, while U.S. stock markets also climbed.
Source: ctv business
Base metals sector helps lift S&P/TSX composite, U.S. stock markets also climb

Canada’s main stock index closed above 20,000 for the first time on Friday, with one analyst saying U.S. and Canadian markets were led by an ideal American jobs report that was neither too hot nor too cold.
Source: ctv business
S&P/TSX closes above 20,000 for first time in strong day for U.S. and Canadian markets

AMC’s stock plunged nearly 40 per cent in the morning after it announced plans to sell 11.6 million shares to raise cash, while warning buyers they could lose all their money. But after the stock sale was complete, it climbed above the record closing price it had set a day earlier, only to sink back to an 8 per cent loss later in the afternoon.
Source: ctv business
AMC, this summer’s blockbuster stock, warns of plot twists

Walmart is rolling out a new app for its employees and giving them a new Samsung phone to use it.
Source: ctv business
Walmart gives 740,000 U.S. associates a free Samsung smartphone

One year ago, corporations and major philanthropists pledged an outpouring of donations for racial equity causes. Yet a tangle of complex tax rules and the absence of a framework to track funding for racial equity programs have made it all but impossible to assess the overall effectiveness of the donations.
Source: ctv business
A year later, racial reckoning yields uncertainty in giving

The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year despite the ongoing movement to increase C-suite diversity throughout the business world.
Source: ctv business
Amazon, Microsoft and Starbucks backing plan to increase Black representation in top jobs

The board of directors at Inter Pipeline Ltd. says it still supports a takeover deal the company signed with Pembina Pipeline Corp., despite an increased offer from Brookfield Infrastructure Partners.
Source: ctv business
Inter Pipeline continues to support Pembina deal after improved Brookfield offer