Direct Loan Canada Blog

The owner of a Toronto bar says her business will be able to weather the worst of the COVID-19 lockdown after customers bought up their beer stock to help keep them in business.
Source: ctv business
‘We’ve been saved’: Thirsty drinkers buy bar’s entire beer stock to keep them in business

Loblaws said it is “editing the copy” of a notice on its PC Health app that offered PC Optimum points for a “face-to-face” meetup with a loved one, despite public health recommendations to limit personal contacts during the pandemic.
Source: ctv business
Loblaws ‘editing the copy’ after health app offers PC Optimum points for ‘face-to-face’ meetups

Canadian cannabis producers are likely to scale back their investments in Europe as they come under pressure to cut costs and deliver profit, industry consultants say.
Source: ctv business
Canadian pot producers may scale back in Europe: industry report

Australia’s economy grew by 3.3 per cent in the third quarter, rebounding from its first recession in nearly three decades as it recovered from pandemic-related shocks.
Source: ctv business
Australia bounces out of recession as economy grows 3.3 per cent

Boeing Co’s 737 MAX took off on Wednesday on its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines, seeks to prove it is safe for passengers.
Source: ctv business
Boeing 737 MAX returns to skies with media on board

Three promising COVID-19 vaccine candidates may have spurred optimism from investors, but Royal Bank of Canada’s chief executive is warning the country is not rid of its pandemic troubles yet.
Source: ctv business
Royal Bank Q4 profit up as CEO warns of decline in economic growth

Nearly two-thirds of Canadians are in debt and many without emergency savings, according to the Credit Counselling Society’s 2020 Consumer Debt report, CTV News’ Chief Financial Commentator Pattie Lovett-Reid writes in her column for CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: Report highlights COVID-19’s devastating impact on pocketbooks

Strength in the energy and metals and mining sectors helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets were down.
Source: ctv business
Resource sectors help lift S&P/TSX composite, U.S. stock markets down

A coalition of about 50 retailers is calling on the Ontario government to lift COVID-19 restrictions for non-essential stores it claims is making things worse.
Source: ctv business
Retailers ask Ontario government to lift COVID-19 restrictions they say aren’t working

Business software pioneer Salesforce.com is buying work-chatting service Slack for US$27.7 billion (CAD$35.8 billion) in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.
Source: ctv business
Slack purchased for US.7 billion by business software company Salesforce