Direct Loan Canada Blog

Video sharing app TikTok was announced as a sponsor for this year’s European Championship on Thursday, becoming the fourth Chinese backer of the soccer tournament.
Source: ctv business
TikTok signed as 4th Chinese sponsor of soccer’s Euro 2020

Breaking up is proving hard to do for Britain and the European Union, whose divorce deal is in choppy waters just six weeks after the U.K. made its economic split from the bloc.
Source: ctv business
U.K., EU meeting in bid to calm post-Brexit trade turbulence

Ontario residents looking to buy Valentine’s Day flowers for their sweethearts may have to branch out from the classic rose bouquet, or consider celebrating on another day, as the COVID-19 pandemic affects floral supply chains, some in the industry say.
Source: ctv business
Valentine’s Day roses in short supply due to COVID-19: floral industry

United Airlines said Wednesday it will buy up to 200 small electric air taxis to help customers in urban areas get to the airport.
Source: ctv business
United Airlines: Small electric air taxis will zip people to airports

AstraZeneca said Thursday it expects to have a new version of its COVID-19 vaccine ready for use by this autumn as drugmakers respond to concerns about emerging variants of the disease that may be more transmissible or resistant to existing vaccines.
Source: ctv business
AstraZeneca expects updated COVID-19 vaccine by autumn

Bombardier Inc. said Thursday it will reduce its overall workforce by about 1,600 jobs as it anticipates a yearslong recovery in the aviation industry.
Source: ctv business
Bombardier announces the elimination of 1,600 positions and end of the Learjet

Canada’s main stock index was down in late-morning trading as shares in the big names in the cannabis sector fell, while U.S. stock markets were mixed.
Source: ctv business
S&P/TSX composite down as cannabis stocks fall, U.S. stock markets mixed

LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury group, has put Rihanna’s Fenty fashion collection on hold.
Source: ctv business
LVMH to put Fenty fashion collection on pause

General Motors’ profit fell 4.5 per cent in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall.
Source: ctv business
GM 2020 profit drops, but it makes US.43B despite pandemic

A Bank of Canada official delivered a detailed defence of why the central bank should issue a ‘digital loonie’ instead of ceding control to private cryptocurrencies that could become economic gatekeepers.
Source: ctv business
‘Digital loonie’ should come from Bank of Canada, not private sector, deputy says