Direct Loan Canada Blog

Japanese automakers Toyota, Isuzu and Hino said Wednesday they are setting up a partnership in commercial vehicles to work together in electric, hydrogen, connected and autonomous driving technologies.
Source: ctv business
Japan’s Toyota, Isuzu, Hino join in truck technology tie up

Texas is still pulling itself back together after last month’s unusual deep freeze, and citrus growers are dealing with heavy losses to this year’s crop and likely next year’s as well
Source: ctv business
Why you could soon be paying more for citrus fruits

Swedish clothing giant H&M’s decision to no longer source cotton from China’s Xinjiang region is drawing a backlash as the Asian country adopts an increasingly assertive stance against accusations of human rights violations.
Source: ctv business
H&M’s Xinjiang cotton ban sparks China backlash

Calgary-based WestJet Airlines is set to resume flights to five airports this spring following the pandemic-related suspension of service that arrived last fall.
Source: ctv business
WestJet to restore regional service to airports in Atlantic Canada, Quebec City

Elon Musk’s Tesla has endured a rough couple of months in China. Now he’s working overtime to win Beijing back.
Source: ctv business
Elon Musk is trying to win China back

The federal Liberals are facing calls from some of the hardest-hit businesses in the pandemic to use the coming budget to extend emergency relief programs beyond June, saying many will still need help even as the economy picks up.
Source: ctv business
Hardest hit businesses call for extension of federal wage, rent subsidies

Gains in the energy sector helped boost Canada’s main stock index in late-morning trading as the price of oil topped US$60 per barrel again and U.S. stock markets climbed higher.
Source: ctv business
S&P/TSX composite climbs as price of oil tops US, U.S. stock markets up

Parliament’s budget watchdog says a federal infrastructure financing agency has yet to meet a key aspect of its mandate: pulling in private dollars for major projects.
Source: ctv business
PBO says Canada Infrastructure Bank is failing to secure any private investment

The head of the Canada Infrastructure Bank clashed with members of Parliament at a committee hearing on Tuesday about whether the federal financing agency was living up to its mandate of generating private-sector funding for its investments.
Source: ctv business
Infrastructure Bank chief clashes with MPs over private-sector investment

George Weston Ltd. is putting its Weston Foods bakery business up for sale and doubling down on its core retail and real estate operations, the company said Tuesday.
Source: ctv business
George Weston puts Weston Foods bakery business up for sale