Direct Loan Canada Blog

The CEO and founder of Chinese telecom giant Huawei is calling for a reset with the United States under President Joe Biden, after the firm was battered by sanctions imposed by Donald Trump’s administration.
Source: ctv business
Huawei CEO hopes for reset with U.S. from Biden administration

The cancellation of the Keystone XL oil export pipeline has resulted in a second oilsands company posting a multimillion-dollar impairment charge in its fourth quarter earnings report.
Source: ctv business
Cenovus Energy reports 3M Q4 loss, including 0M Keystone XL charge

After a dramatic restructuring that included the elimination of up to 1,000 workers, Canopy Growth Corp. says profitability is on the horizon.
Source: ctv business
Canopy Growth reports 9.3M Q3 loss, expects to reach profitability next year

Insolvency filings hit a 20-year low in 2020, but industry professionals say they’re starting to see a return to pre-pandemic levels.
Source: ctv business
Pattie Lovett-Reid: Should debt be forgiven? Maybe!

Gains in the health care sector, which includes the big cannabis companies, helped boost Canada’s main stock index higher in early trading, while U.S. stock markets fell.
Source: ctv business
Health-care sector helps boost TSX higher, U.S. stock markets down in early trading

The family of a U.S. college student who died by suicide after thinking he’d lost a fortune using Robinhood, is suing the free trading app.
Source: ctv business
U.S. family sues trading app Robinhood over college student’s suicide

Quebec-based food franchising business Foodtastic Inc. announced a deal Monday to buy troubled coffee chain Second Cup Coffee Co. and has big plans for the brand, including opening more than 100 new locations.
Source: ctv business
Second Cup Coffee Co. to be sold to Quebec restaurant franchiser Foodtastic

CP Rail says it carried 2.22 million metric tonnes of Canadian grain and grain products in January, up six per cent from the previous record it set in January 2020.
Source: ctv business
Big Canadian railways say they moved a record amount of grain in January

Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen (US$11 billion) profit for the October-December quarter as its investments rose in value.
Source: ctv business
Profit at Japan’s SoftBank zooms on lucrative investments

Documents given to parliamentarians show federal officials audited at least 127 landlords who received aid through a program designed to ease rent costs for small businesses.
Source: ctv business
As feds audit landlords over rent aid, businesses fall through cracks of new program