Direct Loan Canada Blog

Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker.
Source: ctv business
Intel replaces its chief executive after a rocky stretch

Air Canada says it will cut 1,700 jobs as it scales down operations in response to a new wave of lockdown restrictions.
Source: ctv business
Air Canada reduces first-quarter capacity by 25 per cent, cuts 1,700 jobs

New York City will terminate business contracts with President Donald Trump after last week’s insurrection at the U.S. Capitol, Mayor Bill de Blasio announced Wednesday.
Source: ctv business
New York City to terminate Trump contracts after U.S. Capitol insurrection

Hits to U.S. President Donald Trump’s business empire since the deadly riots at the U.S. Capitol are part of a liberal ‘cancel culture,’ according to his son, Eric.
Source: ctv business
Trump business backlash part of ‘cancel culture,’ son says

The U.K.’s biggest supermarket chains warned Wednesday that food supplies in Northern Ireland face disruption because of new checks imposed by Britain’s departure from the European Union.
Source: ctv business
Northern Ireland stores see empty shelves as Brexit trade rules bite

Amazon Web Services filed its response to Parler’s lawsuit on Tuesday, blaming the social media platform favored by the far-right for filing a “meritless claim” against the cloud computing giant and citing a liability shield often maligned by U.S. President Donald Trump: Section 230 of the Communications Act of 1934.
Source: ctv business
Amazon slams Parler in court reply and invokes Big Tech’s liability shield

U.S. stocks are drifting Wednesday as Wall Street continues a pause from its big recent rally, and even Treasury yields are stalling following their rapid rise.
Source: ctv business
Wall Street drifts, as even Treasury yields slow their rise

Canada’s airlines welcomed the appointment of Omar Alghabra as the new federal minister of transport in a statement that emphasized the industry’s continued challenges.
Source: ctv business
Canada’s major airlines welcome new transport minister amid industry headwinds

Sheldon Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness.
Source: ctv business
Sheldon Adelson, billionaire casino mogul and Republican power broker, dies at 87

Depending on who you are and where you are, the pandemic has either improved your financial situation or the perfect storm could be looming, CTV News’ Chief Financial Commentator Pattie Lovett-Reid writes in her blog for CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: The tale of two Canadians