Direct Loan Canada Blog

French-Israeli diamond magnate Beny Steinmetz went on trial in Geneva on Monday over allegations of corruption linked to mining deals in Guinea, after a drawn-out international investigation.
Source: ctv business
Corruption trial of Israeli magnate opens in Switzerland

In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut U.S. president-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts.
Source: ctv business
Oil companies lock in drilling, challenging Biden on climate

A growing number of Wall Street banks and businesses have cut ties with President Donald Trump’s campaign and financial arms, as well as the broader Republican Party, following last week’s riots and insurrection at the U.S. Capitol.
Source: ctv business
Wall Street distances itself from Trump, Republicans after U.S. Capitol riots

Canada’s main stock index was down in late-morning trading amid weakness in the energy and metals and mining sectors, while U.S. stock markets also pulled back.
Source: ctv business
North American stock markets down in late-morning trading, loonie down

The Canadian Federation of Independent Business said one-third of small businesses across the country offered online sales as of November. Roughly 152,000 small businesses shifted to boost e-commerce between March and November and one in five independent companies told the advocacy organization they expect to increasingly rely on that avenue to survive.
Source: ctv business
‘Not as easy as it looks’: Small businesses share what it takes to move online

New Zealand’s central bank said Sunday that one of its data systems has been breached by an unidentified hacker who potentially accessed commercially and personally sensitive information.
Source: ctv business
New Zealand central bank says data system hacked

Calgary-based WestJet has announced plans that will result in layoffs and hour reductions for workers, and drastically reduce the airline’s flight schedule.
Source: ctv business
WestJet announces temporary layoffs, flight schedule reductions

What a week it has been. Yet through it all investors remain optimistic and the markets continue to not only march higher but in many cases hit record territory with broad-based advances. Proof, once again, that there can be a disconnect between market performance and economic performance, CTV News’ Chief Financial Commentator Pattie Lovett-Reid writes in her blog for CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: Why markets soar amid a time of despair

Canada posted its first monthly decline in jobs since April amid tightened public health restrictions in December, and economists warn the losses are likely to continue in January as the number of new COVID-19 cases continue to rise.
Source: ctv business
Canadian economy lost 63,000 jobs in Dec., first decline since April

Supreme Leader Ayatollah Ali Khamenei Friday banned Iran from importing of American Pfizer-BioNTech and Britain’s Astrazeneca COVID-19 vaccines, a reflection of mistrust toward the West.
Source: ctv business
Iran’s top leader bans COVID-19 vaccines from U.S., Britain