Direct Loan Canada Blog

General Motors’ first-quarter net income surged to US$2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.
Source: ctv business
GM expects big 2021 profit, says it’s managing chip shortage

The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported Wednesday a 14 per cent increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.
Source: ctv business
Stellantis CFO: Chip shortage impact remains ‘controlled’

The Toronto Regional Real Estate Board says April delivered a record number of home sales for the region, but the market is starting to slow from the torrid pace seen earlier this year.
Source: ctv business
GTA home sales up 362% since last April, but market is starting to slow: TRREB

The energy and base metal sectors helped lift Canada’s main stock index in early trading, while U.S. stock markets also climbed higher.
Source: ctv business
North American stock markets up in early trading, loonie climbs higher

A Canadian philanthropist is facing criticism for taking a photo with former U.S. president Donald Trump in Florida, and the fashion institute that bears her name is feeling the heat.
Source: ctv business
Suzanne Rogers says she regrets photo with former U.S. president Donald Trump amid controversy

Cuba’s state cigar monopoly, Habanos S.A., said on Tuesday that China has displaced Spain as its top market.
Source: ctv business
China becomes top market for Cuba’s legendary cigars

Suncor Energy Inc. will delay a planned maintenance shutdown at its Base Plant oilsands mine upgrader in view of surging COVID-19 outbreaks that led to a state of emergency being declared last week for the Fort McMurray area of northern Alberta.
Source: ctv business
Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area

The chairman of one of South Korea’s biggest dairy companies has resigned over a scandal in which his company was accused of deliberately spreading misinformation that its yogurt helps prevent coronavirus infections.
Source: ctv business
South Korea dairy company CEO resigns over virus research scandal

Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic.
Source: ctv business
Canada’s April vehicle sales up 254 per cent from last year’s pandemic low

Canada posted a merchandise trade deficit of $1.1 billion in March as imports climbed to their highest level since May 2019.
Source: ctv business
Statistics Canada reports .1B trade deficit for March as imports climb