Direct Loan Canada Blog

U.S. stocks are ticking higher and heading back toward record highs on Friday, despite discouraging data detailing how much damage the deepening pandemic is doing to the job market.
Source: ctv business
Wall Street heads back toward highs despite dour jobs report

The U.S. government has stepped up a feud with Beijing over security by adding China’s biggest processor chip maker and a state-owned oil giant to a blacklist that limits access to American technology and investment.
Source: ctv business
U.S. adds Chinese chipmaker, oil giant to security blacklist

Gift cards remain a tradition at Christmas and are increasingly popular as more Canadians shun stores to avoid catching COVID-19. But buying gift cards can be risky as a number of retail chains wind down their businesses in the face of reduced mall traffic prompted by the pandemic.
Source: ctv business
Gift cards remain popular despite pandemic but come with a risk if store closes

Canada’s big banks are seeing their first glimmers of hope that an economic rebound is on its way, but their leaders say there’s still plenty to be wary of.
Source: ctv business
Banks see mix of hope and concerns in 2021 as COVID-19 continues to spread

Airbnb says it has a plan to curb New Year’s Eve parties this year while Canada works to slow the spread of the COVID-19 virus, with the announcement coming not long after a short-term rental was the site of a 60-person party in Mississauga.
Source: ctv business
Airbnb rolls out restrictions in Canada to prevent New Year’s Eve parties

A new video advertisement from Nike Japan that portrays the experiences of three soccer players from different backgrounds has sparked fierce debate online, including some calls to boycott the company.
Source: ctv business
Nike ad sparks debate about racism in Japan and some calls for a boycott

European Union negotiators have moved to ‘within millimetres’ of the limits of their negotiating mandate at Brexit trade talks so it is up to London to compromise if a deal is to be reached, an EU diplomat said on Thursday.
Source: ctv business
EU envoys urge Britain to compromise to secure Brexit trade deal

New Zealand authorities have approved tech billionaire Sean Parker’s purchase of a one-third stake in film director Peter Jackson’s visual effects studio.
Source: ctv business
Sean Parker OK’d to buy stake in Peter Jackson’s VFX studio

A broad-based rally helped Canada’s main stock index gain ground in late-morning trading, while the loonie climbed higher against the U.S. dollar.
Source: ctv business
North American stock markets up in late-morning trading; loonie continues to rise

Retailers across the country are feeling the pinch as restrictions meant slow the spread of COVID-19 have taken a bite out of their holiday sales.
Source: ctv business
Retailers feel the pinch as pre-holiday restrictions eat into sales