Direct Loan Canada Blog

Luxury brands are already cashing in on promises of a 21st-century version of the “Roaring ’20s” in the United States, where hefty stimulus packages and an advanced vaccine campaign are accelerating post-pandemic recovery in high-end sales, according to a new study by Bain & Co. consultancy released on Monday.
Source: ctv business
Hope for U.S. boost pushes global luxury goods recovery: study

Stocks fell in afternoon trading on Wall Street Monday as the market comes off of its worst weekly decline since February.
Source: ctv business
Stocks fall in afternoon trading on Wall Street as tech lags

Board members at Microsoft Corp. made a decision in 2020 that it wasn’t appropriate for its co-founder Bill Gates to continue sitting on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate, according to a report in The Wall Street Journal.
Source: ctv business
Report: Microsoft investigated Gates before he left board

As U.S. Trade Representative Katherine Tai prepares to meet her Canadian and Mexican counterparts on Monday to review progress in the new North American trade agreement, she is under pressure from home builders and lawmakers to cut U.S. tariffs on Canadian lumber.
Source: ctv business
U.S. trade chief pressured to lift duties on Canadian lumber

As violence flares within Israel and on a day in which Israeli airstrikes on Gaza City killed at least 42 people Sunday, it was business as usual for a senior Israeli tourism official in Dubai as she promoted the country as a must-see destination for Muslim visitors.
Source: ctv business
A tough sell: In Dubai amid clash, Israel promotes tourism

The operator of the United States’ largest gasoline pipeline — hit earlier this week by a ransomware attack — announced Saturday it has resumed ‘normal operations,’ delivering fuel to its markets, including a large swath of the East Coast.
Source: ctv business
Colonial Pipeline operator says ‘normal operations’ have resumed

Target has announced that it will temporarily stop selling trading cards — of both the sports and Pokemon variety — in stores following a recent violent dispute at one of its locations.
Source: ctv business
Target will temporarily stop selling Pokémon and sports trading cards in stores due to safety concerns

Canadian Pacific Railway Ltd. continues to reject suggestions that it needs to increase its bid for Kansas City Southern to fend off a rival offer from Canadian National Railway Co. that the U.S. railway has deemed superior.
Source: ctv business
Canadian Pacific Railway stands by bid as KCS board switches support to CN offer

A Tesla involved in a fatal crash on a Southern California freeway last week was operating on Autopilot at the time, authorities said.
Source: ctv business
Tesla in fatal California crash was on Autopilot, officials say

The Saskatchewan government says it will be filing an amicus brief in support of U.S. states fighting President Joe Biden’s decision to cancel the Keystone XL pipeline.
Source: ctv business
Saskatchewan government to formally support U.S. states opposing cancellation of Keystone XL