Direct Loan Canada Blog

The outlook remains gloomy for many retailers in Canada with more closures likely, especially apparel, but the COVID-19 pandemic offers a silver linings for some businesses, including athleisure wear and home improvement, retail experts say.
Source: ctv business
Retailers had an ugly year in 2020. What will 2021 look like?

Gibraltar, a British colony jutting off the southern tip of Spain’s mainland, wasn’t included in the Brexit trade deal announced on Christmas Eve between the European Union and the United Kingdom to reorganize the commercial and trade relations between the now 27-member bloc and the first nation to exit the group.
Source: ctv business
Gibraltar’s border with Spain still in doubt after Brexit

Four days after sealing a free trade agreement with the European Union, the British government warned businesses Monday to get ready for disruptions and ‘bumpy moments’ when the new rules take effect on Thursday night.
Source: ctv business
U.K. warns of ‘bumpy’ post-Brexit transition despite deal

For many small businesses in Ontario, the province-wide lockdown which began on Boxing Day is the last straw, leading some to close their doors for good.
Source: ctv business
Ontario-wide lockdown ‘absolutely devastating’ for many small businesses

Travel agents have already faced tough competition in recent years, as online services like Expedia and Booking.com offer consumers an easy way to save on fees by planning their own trips. But the pandemic has brought with it a new set of business challenges for the industry, with total revenue projected to decline 33 per cent in 2020, according to data from research firm IBISWorld.
Source: ctv business
Travel agents, squeezed by COVID-19 restrictions, adapt to a changed industry

Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector.
Source: ctv business
China orders Ant Group to rectify businesses

The latest provincial lockdown measures are going to have a big impact on the ski season, ski resorts say.
Source: ctv business
‘On Christmas Eve, we were handing out layoff notices,’ London, Ont., ski hill says

Montenegro Airlines ceased its operations on Saturday after the small country’s new government refused to continue financing the indebted national carrier.
Source: ctv business
Montenegro’s indebted state airline ceases operations

With non-essential retail shuttered or restricted across much of the country, the usual crowded malls and long lineups of Boxing Day are expected to be replaced with internet searches and online orders.
Source: ctv business
Boxing Day sales move online amid lockdowns, deep discounts still expected: experts

With non-essential retail shuttered or restricted across much of the country, the usual crowded malls and long lineups of Boxing Day are expected to be replaced with internet searches and online orders.
Source: ctv business
Shoppers search for Boxing Day sales as pandemic restricts retail options