Direct Loan Canada Blog

After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14 per cent in less than an hour.
Source: ctv business
Bitcoin suffers flash crash following week of crypto hype

One year after oil prices crashed to their first and only negative close during a perfect storm of energy demand bad news, Canada’s oilpatch is poised to report a first-quarter gush of cash flow thanks to a dramatic recovery in global demand.
Source: ctv business
One year after crude turned negative, oilpatch relishes first-quarter profit outlook

The pandemic has torn a multibillion-dollar bite out of the fabric of Europe’s fashion industry, stopped runway shows and forced brands to show their designs digitally instead. Now, amid hopes of a return to near-normality by the year’s end, the industry is asking what fashion will look like as it dusts itself off and struggles to its well-heeled feet again.
Source: ctv business
Fashion industry evolves, as virus forces a rethink

Dogecoin is the hottest, quirkiest cryptocurrency on the planet. Demand for Dogecoin spiked so much this week, it briefly broke Robinhood’s cryptocurrency trading system.
Source: ctv business
What is Dogecoin? How a joke became hotter than bitcoin

Microsoft this past week offered all federal agencies a year of ‘advanced’ security features at no extra charge in light of the SolarWinds hack
Source: ctv business
SolarWinds hacking campaign puts Microsoft in hot seat

A lawsuit filed in Seattle against Boeing alleges that a malfunctioning autothrottle system on an older 737 jet led to the crash of the Sriwijaya Air plane into the Java Sea in Indonesia last January, killing all 62 people on board.
Source: ctv business
Lawsuit over Indonesia 737 crash claims autothrottle problem

The U.S. Justice Department sued Donald Trump’s ally Roger Stone on Friday, accusing the conservative provocateur and his wife of failing to pay nearly US$2 million in income tax.
Source: ctv business
U.S. Justice Department sues Roger Stone over M in unpaid taxes

Major indexes are mostly higher in afternoon trading on Wall Street Friday as a tick up in bond yields helped lift bank stocks.
Source: ctv business
Stocks rise, push S&P 500 toward another weekly gain

Overflowing investor optimism that the pandemic’s gloom will soon lift pushed Canada’s main stock index and two of three indexes in the United States to record closes on Friday.
Source: ctv business
S&P/TSX composite rises to another record close, loonie and metals prices strengthen

China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal.
Source: ctv business
China’s growth surges to 18.3 per cent but rebound levelling off