Direct Loan Canada Blog

As it becomes increasingly clear that workplaces are a key transmission location in the third wave of the COVID-19 pandemic, some Canadian employers are offering paid sick leave to their employees in the absence of government action.
Source: ctv business
In absence of mandated paid sick days, some companies are stepping up

The Canada Energy Regulator says Canadian crude-by-rail exports fell by 43 per cent in February compared with the previous month.
Source: ctv business
Crude-by-rail exports fall by 43% to 111,900 bpd in February, says regulator

A war of words is heating up between Canada’s two largest railroads over competing bids for Kansas City’s KCS railway.
Source: ctv business
War of words heats up in battle between Canadian railways for Kansas City’s KCS

When first announced in 2017, Foxconn’s plan to build a massive electronics factory in Wisconsin was hailed by then-U.S. President Donald Trump as a sign of the rebirth of American manufacturing.
Source: ctv business
Foxconn’s giant factory in Wisconsin sounded too good to be true. Turns out it was

Authorities have placed a half-dozen public hospital employees in southern Italy under investigation for abuse of office after they allegedly allowed a 67-year-old to draw a total of 538,000 euros (US$650,000) in salary over 15 years without ever working.
Source: ctv business
Italy investigates hospital employee who didn’t work for 15 years, got paid anyway

European Central Bank head Christine Lagarde said the economy is still ‘on crutches’ and in need of support from both the central bank and government spending as the 19 countries that use the euro limp through extended lockdowns in a third wave of the COVID-19 pandemic.
Source: ctv business
ECB head: Europe ‘on crutches,’ still needs robust stimulus

Turkish prosecutors launched an investigation into a cryptocurrency exchange Thursday over allegations it may have defrauded some 390,000 investors of an estimated US$2 billion.
Source: ctv business
Turkey probes cryptocurrency exchange for possible USB fraud

Climate change activists have vandalized HSBC’s London headquarters, smashing windows in a protest against the bank’s alleged links to the fossil fuel industry.
Source: ctv business
Climate activists shatter windows at HSBC London building

Discount U.S. airline JetBlue is expanding its operations with its first flights to Canada.
Source: ctv business
Discount airline expanding service to Canada with flights between Vancouver and New York

Fake doses of the Pfizer coronavirus vaccine were being sold in Mexico and Poland for as much as US$2,500 a shot, the drugmaker and an official confirmed.
Source: ctv business
Pfizer confirms fake vaccine shots on sale in Mexico, Poland