Direct Loan Canada Blog

The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.
Source: ctv business
GM charges up new unit to sell electric delivery vans, gear

Europe’s push into electric cars is gathering speed — despite the pandemic.
Source: ctv business
Volkswagen triples electric car sales ahead of climate rules

India’s top court on Tuesday temporarily put on hold the implementation of new agricultural laws and ordered the formation of an independent committee of experts to negotiate with farmers who have been protesting against the legislation.
Source: ctv business
India’s top court suspends implementation of new farm laws

U.S. stocks are drifting near their record heights Tuesday, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year.
Source: ctv business
Stocks drift on Wall Street; Treasury yields keep rallying

Air Canada’s service cuts in Nova Scotia and in New Brunswick risk slowing the entire region’s economic recovery, the CEO of a regional airport authority said Monday.
Source: ctv business
Airports in N.B., N.S. without commercial service after Air Canada cuts

Pfizer Inc’s partner BioNTech SE has boosted the 2021 delivery target for their COVID-19 vaccine to 2 billion doses, up from 1.3 billion previously, as they add new production lines and as more doses can be extracted per vial.
Source: ctv business
BioNTech lifts 2021 COVID-19 vaccine output target to 2 billion

Porter Airlines has extended its temporarily flight suspension yet again and says it hopes to restart operations at the end of March—about a year after it first halted service.
Source: ctv business
Porter Airlines extends temporary flight suspension, marking a year since service halted due to COVID-19

The Bank of Canada says consumers’ concerns about finding work during the pandemic could signal longer-term problems for the country’s labour market.
Source: ctv business
Pandemic job concerns could pose problem in long-term, Bank of Canada says

The leaders of Canada’s top banks believe an economic rebound is on the horizon, but say the short-term looks difficult and spending won’t truly pick up until the back half of 2021 or even 2022.
Source: ctv business
Bank CEOs say economic rebound is coming, but short term looking ‘not as good’

Maple Leaf Foods Inc. says it plans to spend US$100 million to increase tempeh production capacity with the acquisition of a food processing plant in Indianapolis.
Source: ctv business
Maple Leaf Foods looks to expand tempeh production capacity in Indiana