Direct Loan Canada Blog

New research conducted during the pandemic shows that home-working employees in the United Kingdom, Austria, Canada and the United States are putting in more hours than before.
Source: ctv business
Employees working from home are logging more hours than before: report

Canadian insolvency filings hit a 20-year low last year as government financial support offset the shock and economic uncertainty caused by COVID-19.
Source: ctv business
Government financial support pushes Canadian insolvencies to lowest level in 20 years

A $43 billion deal was signed Friday to build what the South Korean government said will be the world’s biggest offshore wind power complex, as it seeks to achieve carbon neutrality by 2050
Source: ctv business
billion deal inked for ‘world’s biggest’ offshore wind farm in South Korea

What was a big victory for ‘Roaring Kitty,’ the 34-year-old YouTube personality behind the surge in GameStop stocks, is turning into hardship for followers who jumped on the bandwagon and took risky bets on a rollercoaster ride in the stock market.
Source: ctv business
Initial GameStop booster did well, but many devotees won’t as shares sag

Statistics Canada says the economy lost 213,000 jobs in January as employment fell to the lowest level since August last year, wiping out the gains made in the fall.
Source: ctv business
Economy lost 213,000 jobs in January as lockdown measures hit Ontario, Quebec

Canada’s labour market saw months of gains wiped out in a matter of weeks as widespread lockdowns and school closures erased 212,800 jobs in January, hitting mothers and youth particularly hard.
Source: ctv business
Women, youth bear the brunt of January job losses, unemployment rate hits 9.4%

Stocks were moving higher in afternoon trading on Friday, despite the fact that Wall Street got a dismal jobs report for January that showed the U.S. economy remaining in dire straits due to the pandemic.
Source: ctv business
Stocks rise on Wall Street, despite dismal jobs report

Canada’s main stock index rose for a fifth straight day to end its best week in 10 months as optimism continued to fuel gains despite disappointing jobs numbers.
Source: ctv business
TSX sets record close in posting best week since April; U.S. markets also rise

Ford Motor Co. lost US$1.28 billion last year as it dealt with a huge restructuring, a costly recall and a decline in the value of its pension fund.
Source: ctv business
Ford loses US.28B in 2020, raises electric vehicle spending

As the pandemic began to unfold, scores of Catholic dioceses across the U.S. received aid through the Paycheck Protection Program while sitting on well over US$10 billion in cash, short-term investments or other available funds, an Associated Press investigation has found. And despite the broad economic downturn, these assets have grown in many dioceses.
Source: ctv business
Sitting on billions, U.S. Catholic dioceses amassed millions in taxpayer COVID-19 aid