Direct Loan Canada Blog

The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost.
Source: ctv business
225 million jobs were lost worldwide in 2020 thanks to the pandemic, report finds

Anti-poverty organization Oxfam warned Monday that the fallout of the COVID-19 pandemic will lead to the biggest increase in global inequality on record unless governments radically rejig their economies.
Source: ctv business
Oxfam urges radical economic rejig for post-COVID-19 world

The U.S. Supreme Court on Monday brought an end to lawsuits over whether Donald Trump illegally profited off his presidency, saying the cases are moot now that Trump is no longer in office.
Source: ctv business
U.S. Supreme Court ends Trump emoluments lawsuits

A billion-dollar deal that marks the single biggest investment in Canada’s seafood industry by an Indigenous group has been finalized.
Source: ctv business
Premium Brands, Indigenous groups complete -billion bid to buy Clearwater

Obsidian Energy Ltd. is extending its hostile takeover offer for Bonterra Energy Corp. until March 29.
Source: ctv business
Obsidian Energy extends hostile takeover offer for Bonterra Energy to March 29

A short-form video app that competes with the Chinese version of TikTok is preparing for what is expected to be the world’s largest initial public offering since the coronavirus pandemic began.
Source: ctv business
Kuaishou, TikTok’s rival in China, could be the biggest IPO since the pandemic began

While the pandemic has altered our financial landscape, it hasn’t been all bad news. CTV News’ Chief Financial Commentator Pattie Lovett-Reid breaks down the good, the bad, and the ugly from the past year.
Source: ctv business
Pattie Lovett-Reid: The good, the bad and the ugly of the past year

It took the world’s top 1,000 billionaires nine months to recoup their fortunes after the coronavirus pandemic hit, but may take more than a decade is how long it could take the world’s poorest to recover, according to Oxfam International’s annual inequality report.
Source: ctv business
The megarich have already recovered from the pandemic. It may take the poor a decade: Oxfam

Samsung scion Lee Jae-yong and prosecutors have decided not to appeal a court ruling that convicted him for bribing South Korea’s former president for business favours, confirming a prison term of two and a half years for the country’s most influential corporate leader, according to lawyers and court officials on Monday.
Source: ctv business
Samsung scion Lee won’t appeal prison sentence for bribery

Stocks wobbled in afternoon trading on Monday, as investors looked ahead to this week’s deluge of company earnings and remained concerned about the economic damage likely to result from a rise in coronavirus cases in some countries.
Source: ctv business
U.S. stock indexes wobble ahead of a busy earnings week