Direct Loan Canada Blog

U.S. stocks are drifting near their record highs on Friday, following a sober reminder of how many jobs the pandemic is destroying, as Wall Street balances expectations for the economy’s potentially brighter future against its current pain.
Source: ctv business
Wall Street drifts near records following weak jobs report

Canada’s main stock index concluded a strong first week of 2021 by setting another record intraday high that perhaps bodes well for the year.
Source: ctv business
S&P/TSX composite ends strong first week of 2021 by setting record intraday high

The former chairman of the main Chinese state bank behind Beijing’s initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges, a court announced.
Source: ctv business
Head of Chinese bank behind foreign building spree sentenced to life in prison

Only a few days into 2021, the price of bitcoin has crossed US$40,000, doubling since this time last month.
Source: ctv business
Bitcoin hits USK mark, doubling price in less than a month

Outgoing U.S. President Donald Trump’s stores were taken off-line by Shopify Inc. on Thursday, as the country grappled with the role he played in inciting violence that erupted at the Capitol building the day before.
Source: ctv business
Shopify terminates stores connected to Trump after violence at U.S. Capitol

In a statement today, International Trade Minister Mary Ng calls the tariffs ‘unwarranted’ and says they ‘clearly violate the provisions and the spirit’ of the North American free-trade deal.
Source: ctv business
Ongoing U.S. tariffs on Canadian exports of solar products ‘unwarranted,’ says Ng

A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance companies at least 900 million kroner (US$107 million), a financial body said Thursday.
Source: ctv business
Deadly Norwegian landslide will cost at least US7 million

Chief economists from Canada’s big banks expect the economy to rebound this year, but say failing to control COVID-19 or get vaccines into arms could upend that recovery.
Source: ctv business
Top bank economists expect 2021 recovery if Canada quells COVID-19, vaccinates more

Elon Musk edged past Amazon founder Jeff Bezos to grab the title of world’s richest person, according to Bloomberg.
Source: ctv business
Elon Musk overtakes Jeff Bezos to become world’s richest person

Just two days after Wade Oosterman took over as Bell Media’s president, the telecommunications company appears to have shaken up its upper ranks.
Source: ctv business
Bell executives depart company after Wade Oosterman steps in as president