Direct Loan Canada Blog

Three promising COVID-19 vaccine candidates may be driving stock markets higher and fuelling hopes for an economic rebound, but experts say Canada’s major banks will continue playing it safe as they report earnings and wrap up their fiscal years this week.
Source: ctv business
Big Six banks to remain cautious at end of fiscal year as recovery stretches on

A group of Canadian researchers, who discovered diamonds in a small rock sample found in an unrealized gold deposit in Nunavut, say their findings hint at the possibility of new deposits in the area that are similar to the world’s richest gold mine.
Source: ctv business
New diamond and gold deposit found in Nunavut shows similarities to world’s richest gold mine, researchers say

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones.
Source: ctv business
Black Friday sees record online as U.S. shoppers stay home

Britain’s foreign minister said Sunday there is only about a week left for the U.K. and the European Union to strike a post-Brexit trade deal, with fishing rights the major obstacle to an agreement.
Source: ctv business
U.K. says Brexit trade talks with EU are in their ‘last week’

Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com who spent years working to transform the city’s downtown area, has died. He was 46.
Source: ctv business
Tony Hsieh, retired Zappos CEO, dies at 46

The mayor of Sarnia is warning that the economies of two countries will be put at risk if the governor of Michigan proceeds with a move to shut down an oil and gas pipeline that runs under the St. Clair River.
Source: ctv business
Sarnia, Ont. mayor urges Michigan to keep pipeline open, says economies are at risk

TikTok’s deadline to finalize a U.S. buyer has been extended for the second time in less than a month.
Source: ctv business
TikTok owner gets another week to sell its U.S. business

Air Canada pilots have ratified changes to their contract that will help the carrier grow its cargo business, as airlines scramble to minimize the pandemic’s toll on their bottom lines.
Source: ctv business
Air Canada pilots approve new contract as carrier looks to grow cargo business

Despite increased calls for Canadians to buy from local businesses this holiday season, experts fear large international retailers will still dominate during Black Friday and Boxing Day events, leading to a surge in small business bankruptcies in the new year.
Source: ctv business
Despite ‘support local’ rallying cry, experts fear a surge in small business bankruptcies in 2021

Thousands of angry Indian farmers protesting against new agricultural laws were allowed to enter the national capital late Friday after they clashed with police who had blocked them at the outskirts of the city.
Source: ctv business
Indian police agree to allow protesting farmers into capital