Direct Loan Canada Blog

The head of Canada’s transport regulator says the 11,000 complaints filed to the Canadian Transportation Agency since the onset of the COVID-19 pandemic will not start to be processed until early next year.
Source: ctv business
Thousands of flight complaints amid COVID-19 won’t be processed until 2021

Eighty per cent of Canadian manufacturers surveyed in a new report are facing an immediate labour and skills shortage that was made worse by the COVID-19 pandemic.
Source: ctv business
Eight in 10 Canadian manufacturers face skills shortage: report

The future of around 25,000 retailing jobs in Britain hangs in the balance after the failure of two long-established companies laid bare the fragility of much of the sector during the coronavirus pandemic.
Source: ctv business
In dark day for U.K. retailing, 242-year-old Debenhams to shut

Shares in Imperial Oil Ltd. were rising after it announced late Monday it would write down up to $1.2 billion on Canadian assets it doesn’t think it will ever develop.
Source: ctv business
Imperial Oil to write off up to .2B in Alberta natural gas assets

Canadian bank executives say an economic rebound is on its way after months of governments and financial institutions working to offset turmoil with loans, deferrals, interest rate cuts and subsidies.
Source: ctv business
Scotiabank, BMO ‘cautiously optimistic’ about COVID-19 rebound after reporting profits

The British government told businesses on Tuesday to make sure they are ready for big changes when the U.K. makes its final Brexit break from the European Union in exactly a month. But with negotiations on a free-trade deal with the bloc stuck, firms say they still don’t know key details of what those changes will be.
Source: ctv business
With a month until split, Brexit trade deal hangs in balance

Unilever has become the latest major company to hop on the four-day work week bandwagon, lending credence to the idea that flexible working is here to stay.
Source: ctv business
Unilever is testing a four-day work week in New Zealand

The OPEC oil producers’ cartel was to push ahead with a new round of discussions Tuesday about how much to pump next year as countries wrestled over whether to extend the production cuts that have been supporting prices depressed by the pandemic.
Source: ctv business
OPEC talks on production hit snag as pandemic clouds outlook

The Nasdaq stock exchange is seeking U.S. authority to require more diversity in the boardrooms of Nasdaq-listed companies, or for those companies to explain why they can not.
Source: ctv business
Nasdaq seeks mandatory board diversity for listed companies

Statistics Canada says the economy grew at a record annualized pace of 40.5 per cent in the third quarter as businesses came out of COVID-19 lockdowns.
Source: ctv business
Consumer helps fuel third-quarter economic rebound as households resume spending