Direct Loan Canada Blog

TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline.
Source: ctv business
TC Energy reports .1B net loss after .2B writedown on Keystone XL

Statistics Canada has resumed its practice of giving key federal officials an advance look at its jobs report ahead of its official release.
Source: ctv business
A year after jobs data leak, StatCan resumes sharing advance numbers with officials

The British government on Friday announced a ‘first tentative step’ toward resuming international travel, saying U.K. citizens will be able to travel to countries including Portugal, Iceland and Israel later this month without having to quarantine on their return.
Source: ctv business
Canada’s not on Britain’s latest quarantine-free travel list

The head of the World Trade Organization said Friday the U.S. administration’s call to remove patent protections on COVID-19 vaccines could help expand fair access to vaccines but might not be the most ‘critical issue,’ as officials in Europe increasingly insisted that more vaccine exports are the more pressing priority.
Source: ctv business
WTO chief: Vaccine patent waiver helpful, not key for COVID-19 fight

Booming sales in China helped propel German luxury carmaker BMW to stronger profits in the first three months of the year even as its home market Germany trailed the ongoing recovery in global car markets from the worst of the pandemic shutdowns.
Source: ctv business
China propels BMW to strong profits, Germany lags

Enbridge Inc. reported a first-quarter profit of $1.9 billion compared with a loss of $1.4 billion in the same quarter last year when it took a number of large one-time charges.
Source: ctv business
Enbridge reports .9B first-quarter profit compared with a loss a year ago

Cenovus Energy Inc. reported a profit of $220 million in its latest quarter compared with a loss of $1.8 billion a year ago.
Source: ctv business
Cenovus Energy reports 0M first-quarter profit compared with a loss a year ago

Protests in Colombia marked their ninth day on Thursday with smaller groups of demonstrators in cities including Bogota and Medellin, while industry groups warned of gasoline shortages across the country following road blocks.
Source: ctv business
Colombia sees calmer protests, industry groups warn of fuel shortages

Canada’s labour market lost 207,000 jobs last month as a spike in COVID-19 variant cases led to renewed public health restrictions and raised concerns about longer-term economic consequences from the pandemic.
Source: ctv business
Economy lost 207,000 jobs in April, unemployment rate up

China’s trade with the United States and the rest of the world surged by double digits in April as consumer demand recovered, but growth appeared to be slowing.
Source: ctv business
China trade surges as global demand recovers from pandemic