Direct Loan Canada Blog

An Ottawa mask manufacturer is ramping up production to offer a Canadian choice, benefitting the local economy and helping charities along the way.
Source: ctv business
Ottawa-based mask manufacturer will soon be able to make one million masks per day

Independent travel agents who have already paid back thousands in earned commissions from refunded air tickets are worried they will owe thousands more after the Canadian government said over the weekend that any kind of government bailout of the airline industry would hinge on companies issuing refunds to customers.
Source: ctv business
Travel agents worry they will have to return thousands of dollars in commissions under airline bailout plan

European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data from companies that sell products on its platform to gain an unfair advantage over them.
Source: ctv business
EU files antitrust charges against Amazon over use of data

A recent survey found the average ‘financial awakening’ moment tends to be experienced at age 33, CTV News’ Chief Financial Commentator Pattie Lovett-Reid writes in her column for CTVNews.ca
Source: ctv business
Pattie Lovett-Reid: How old are you, financially speaking?

Canadian fans of brands like Supreme, Bape and Kaws may soon find it quicker and easier to fill or empty their closet of trendy and hard-to-find goods.
Source: ctv business
Streetwear marketplace StockX moves into Canada with Toronto authentication centre

Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the pandemic.
Source: ctv business
Chinese shoppers splurge in world’s largest shopping fest

The financial and telecom sectors led the way higher as Canada’s main stock index posted a triple-digit advance in late-morning trading, while U.S. stock markets were mixed with the tech-heavy Nasdaq down and the Dow up.
Source: ctv business
Financials and telecoms boost S&P/TSX composite, U.S. stock markets mixed

A First Nations chief is calling a billion-dollar deal to buy Atlantic Canada’s largest seafood company a “generational acquisition,” saying it will benefit Indigenous communities “for the next seven generations.”
Source: ctv business
First Nations chief calls -billion Clearwater deal a ‘generational acquisition’

An upscale Toronto restaurant group has filed for creditor protection, blaming the COVID-19 pandemic for bringing their business to a “devastating halt.”
Source: ctv business
Upscale Toronto restaurant group files for creditor protection

Innovation Minister Navdeep Bains says a federal loan program rejected by industry will be among the options Ottawa weighs as it sits down with airline executives over a government aid package.
Source: ctv business
Bains suggests Ottawa may draw on scorned federal loan program for airline bailout