Direct Loan Canada Blog

Unifor says its members at General Motors of Canada have voted 85 per cent in favour of a new three-year contract that will mean the return of production to the automaker’s Oshawa, Ont., assembly plant.
Source: ctv business
Unifor members vote to approve new three-year General Motors contract

When U.S. President Donald Trump was ramping up his efforts to ban social media platform TikTok in the U.S. over security concerns earlier this year, the company behind the Chinese-bred app was quietly making inroads in another market: Canada.
Source: ctv business
TikTok’s first Canadian GM shares how the app plans to find its groove in the market

The Canadian dollar touched its strongest level against the U.S. dollar since October 2018, following positive COVID-19 vaccine news from Pfizer and news over the weekend that Joe Biden won the U.S. presidential election. The loonie was trading at 1.30 to the greenback, or 77 U.S. cents around mid-morning, before easing slightly.
Source: ctv business
Canadian dollar hits strongest level in more than two years

Porter Airlines has extended its temporary flight suspension until after the holiday season and into the new year.
Source: ctv business
Porter Airlines extends flight suspension until at least February 2021

As restrictions grow across Canada amid record spikes in COVID-19 cases, more consumers are expected to turn to their phones and computers to check off their Christmas lists this year. What does that mean for the country’s shipping companies?
Source: ctv business
Canadians urged to shop and ship early to avoid holiday disappointment

The European Union said Monday it would impose tariffs on up to $4 billion worth of U.S. goods and services over illegal aid for plane maker Boeing – but expressed hope that trade ties would improve once U.S. President Donald Trump leaves office.
Source: ctv business
EU puts tariffs on U.S. but hopes for change with Biden

Air Canada reported a $685-million loss in its third quarter compared with a profit of $636 million in the same quarter last year as the number of people flying plunged due to the COVID-19 pandemic and related travel restrictions.
Source: ctv business
Air Canada reports 5M third-quarter loss compared with 6M profit a year ago

Air Canada shares surged Monday as news of a potential COVID-19 vaccine and government assistance for the industry eclipsed dismal third-quarter results brought about by global pandemic lockdowns.
Source: ctv business
Air Canada shares up sharply on news of potential government aid, vaccine development

Joe Biden will inherit a mangled U.S. economy — one that never fully healed from the coronavirus and could suffer again as new infections are climbing.
Source: ctv business
For Biden, how to help mangled economy is next obstacle

Stocks are surging Monday, and Wall Street is catapulting back to record heights on a burst of hope that the global economy can get back to normal following encouraging data about a potential coronavirus vaccine.
Source: ctv business
Stocks burst higher, S&P 500 at record on vaccine hopes