Direct Loan Canada Blog

Warren Buffett said Monday that Greg Abel, the head of Berkshire Hathaway’s non-insurance business, will be his successor — although Buffett gave no indication that he will give up the top job at the conglomerate anytime soon.
Source: ctv business
Warren Buffett names his successor

Russia is turning to multiple Chinese firms to manufacture the Sputnik V coronavirus vaccine in an effort to speed up production as demand soars for its shot.
Source: ctv business
Russia turns to China to make Sputnik shots to meet demand

On Monday, Apple faces one of its most serious legal threats in recent years: A trial that threatens to upend its iron control over its app store, which brings in billions of dollars each year while feeding more than 1.6 billion iPhones, iPads, and other devices.
Source: ctv business
Fortnite-maker Epic Games and Apple get their day in court, App Store commissions at stake

Stocks were solidly higher Monday, and investors cheered a strong dose of positive earnings reports as well as economic data that showed the U.S. economy is growing.
Source: ctv business
Wall Street logs gains Monday on strong earnings

Farm-gate sales, which involves taking pot from ‘seed-to-sale’ straight from the farm, are gaining momentum across Canada.
Source: ctv business
Farm-gate cannabis sales allow customers to buy pot straight from the farm

Quebec’s minimum wage rose to $13.50 an hour as of Saturday, but few in the province seem happy with the change.
Source: ctv business
Quebec minimum wage rises to .50, but some employees and employers both unsatisfied

Workers and union leaders dusted off bullhorns and flags that had stayed furled during coronavirus lockdowns for slimmed down but still boisterous — and at times violent — May Day marches on Saturday, demanding more labour protections amid a pandemic that has turned economies and workplaces upside down.
Source: ctv business
May Day protesters demand more job protections amid pandemic

Canadian Pacific Railway Ltd (CP) said on Saturday it filed a formal objection with a U.S. regulator stating Canadian National Railway Co’s near US$30 billion rival bid for Kansas City Southern does not qualify to be exempted from tougher merger rules.
Source: ctv business
Canadian Pacific files objection with U.S. regulator over Canadian National’s bid for Kansas City rail

Hours before Warren Buffett was set to take the stage at Berkshire Hathaway’s annual meeting, the company on Saturday reported a nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic.
Source: ctv business
Warren Buffett’s firm reports B profit before its meeting

Billionaire Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at Berkshire Hathaway’s annual meeting Saturday.
Source: ctv business
Warren Buffett warns investors not to gamble on stocks