Direct Loan Canada Blog

The Chinese military has banned Tesla cars from entering its housing complexes, citing security concerns over cameras installed on the vehicles, two people who have seen notices of the directive told Reuters.
Source: ctv business
Tesla cars banned from China’s military complexes on security concerns – sources

Starbucks shareholders voted against the company’s CEO pay proposal in a rare move that may indicate some shareholders think the chief executive is overpaid.
Source: ctv business
Starbucks shareholders reject CEO pay proposal in rare move

Young analysts are asking Goldman Sachs to cap their work week at 80 hours.
Source: ctv business
Goldman Sachs analysts say they work 95-hour weeks and endure ‘inhumane’ treatment

Statistics Canada says retail sales fell for a second consecutive month in January as many non-essential retailers were forced to restrict in-person shopping due to the pandemic.
Source: ctv business
Retail sales fall 1.1 per cent in January to .5B: Statistics Canada

Losses in the metals and mining sector helped lead Canada’s main stock index lower in early trading, while the loonie also fell.
Source: ctv business
S&P/TSX composite down in early trading, loonie also down; U.S. stock markets mixed

The consumer discretionary sector responded positively to retail sales numbers and prompted Canada’s main stock index to inch higher to conclude a relatively flat week.
Source: ctv business
S&P/TSX composite inches higher on gains from consumer discretionary and energy

Canada’s economic response to the COVID-19 pandemic has earned praise from the International Monetary Fund, but the global lender also has recommendations for future government spending.
Source: ctv business
Ottawa should review employment insurance, benefit triggers as economy recovers: IMF

Hexo Corp. reported a loss of $20.8 million in its latest quarter as its revenue nearly doubled compared with a year earlier.
Source: ctv business
Hexo reports Q2 loss, revenue nearly doubled compared with year ago

COVID-19 and warnings against travel may have impacted our travel behaviours but not our travel desire, according to a new report by MarketSense.
Source: ctv business
Pattie Lovett-Reid: Survey reveals potentially good news for Canadian tourism

A Myanmar construction magnate with links to military rulers said he personally gave more than half a million dollars in cash to deposed leader Aung San Suu Kyi in a broadcast on state television aimed at discrediting the ousted civilian government.
Source: ctv business
Suu Kyi payments claimed as Myanmar junta raises pressure