Direct Loan Canada Blog

The Spanish government on Thursday announced legislation that classifies food delivery riders as employees of the digital platforms they work for, not self-employed, in a legal change that could have far-reaching consequences for Spanish businesses.
Source: ctv business
Gig economy shifts: Spain makes delivery riders employees

Transat AT Inc. expects to resume its operations around mid-June, during the high summer season, the travel company said Thursday as it reported its latest financial results.
Source: ctv business
Transat AT reports .5M Q1 loss, expects to resume operations mid-June

Investor Warren Buffett’s fortune surged above US$100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece.
Source: ctv business
Warren Buffett’s fortune tops US0B as his stock soars

As Africa lags in its efforts to vaccinate 60 per cent of its 1.3 billion people as quickly as possible, the continent must develop its capacity to produce COVID-19 vaccines, the director of the Africa Centers for Disease Control and Prevention said Thursday.
Source: ctv business
Africa seeks ‘continental capacity’ to produce vaccines

European Union figures show that the 27-nation bloc has allowed the export of well over 34 million doses of COVID-19 vaccines over the past weeks, despite shortages at home as it continues to struggle to get its vaccine drive up to speed.
Source: ctv business
EU figures show major COVID-19 vaccine exports despite home shortage

The European Central Bank said it would step up its bond-purchase stimulus to support an economy whose recovery is expected to lag a year behind the rebound in the U.S., held back by slow vaccine rollouts and less relief spending by governments.
Source: ctv business
Lagging U.S., Europe speeds up help for virus-hit economy

Organigram Holdings Inc. stock soared by roughly 29 per cent as a subsidiary of one of the globe’s biggest tobacco companies purchased a stake in the business.
Source: ctv business
Cannabis company Organigram signs deal with British American Tobacco

The energy and metals and mining sectors helped lead a broad-based rally on the Toronto Stock Exchange as Canada’s main stock index posted a triple-digit advance in late-morning trading, while U.S. stock markets also pushed higher.
Source: ctv business
North American stock markets up in late-morning trading, loonie climbs higher

The Canada Energy Regulator is inviting public comment on a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers, with the comment period extending beyond the requested deadline.
Source: ctv business
Energy regulator invites comment on Trans Mountain pipeline’s insurer secrecy request

U.S. President Joe Biden will not be attaching his signature to the US$1,400 relief cheques that are expected to be mailed soon — a break with his predecessor who last year had ‘President Donald J. Trump’ printed on the economic impact payments approved by Congress.
Source: ctv business
Biden won’t put his name on relief cheques, unlike Trump