Direct Loan Canada Blog

Air Transat says it will temporarily lay off its cabin crews and pilots starting Feb. 11, and will begin repatriating customers to Canada, in the wake of new travel restrictions.
Source: ctv business
Air Transat announces temporary layoffs after federal travel restrictions

Hudson’s Bay Co. is permanently laying off more than 600 workers across Canada amid ongoing store closures due to COVID-19 lockdowns.
Source: ctv business
Hudson’s Bay permanently laying off more than 600 workers across Canada

Canada’s main stock index suffered its worst week in three months amid a correction that is expected to continue in February.
Source: ctv business
S&P/TSX composite completes worst week in three months with triple digit slip

A judge has rejected an application from Huawei’s Meng Wanzhou to change to her bail conditions, allowing for more freedom.
Source: ctv business
Huawei exec’s application for more freedom denied by B.C. judge

Canadian investing app Wealthsimple is labelling some stocks as ‘risky’ after a volatile week for shares of GameStop, BlackBerry and other social media darlings.
Source: ctv business
Wealthsimple adds ‘risky’ label to GameStop, BlackBerry stocks amid investor frenzy

Dr. Martens boots have been valued by rebellious youth through the decades. From Wednesday, the maker of the famous air-cushioned boots with the distinctive yellow stitching will be valued at some US$5 billion when it sells shares publicly.
Source: ctv business
Dr Martens valued at US billion in share sale

The European Union introduced tighter rules Friday on exports of COVID-19 vaccines that could hit shipments to nations like the United Kingdom, as the 27-nation bloc and AstraZeneca made public a heavily redacted version of their vaccine deal that’s at the heart of a dispute over the delivery schedule.
Source: ctv business
EU tightens vaccine export rules, publishes AstraZeneca deal

Canada’s economy appears to have suffered its worst year on record as the national statistics agency’s preliminary estimate showed a contraction of 5.1 per cent in 2020.
Source: ctv business
Preliminary GDP data suggests 2020 was worst year on record

In a victory for environmentalists and Nigerians whose land was polluted by oil leaks, a Dutch appeals court ordered energy giant Shell’s Nigerian subsidiary Friday to compensate farmers in two villages for damage to their land caused by leaks in 2004 and 2005.
Source: ctv business
Dutch court orders Shell Nigeria to compensate farmers

The former head of a Chinese state-owned asset management company was executed Friday on charges of taking bribes in an unusually severe penalty for a recent corruption case.
Source: ctv business
China executes former head of state-owned asset management company