Direct Loan Canada Blog

Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control the coronavirus pandemic.
Source: ctv business
Indonesia officially in recession as GDP fall amid pandemic

Gains in the industrial and utility sectors led a broad-based rally on the Toronto Stock Exchange in late-morning trading as Canada’s main stock index gained nearly 300 points and U.S. stock markets also charged ahead.
Source: ctv business
S&P/TSX composite up on broad rally in Toronto, U.S. stock also charge higher

General Motors Corp. plans to reopen its Oshawa, Ont. assembly plant, invest up to $1.3 billion in the facility and hire up to 1,700 workers, the union Unifor said Thursday.
Source: ctv business
GM says pickup truck production to return to Oshawa plant with new Unifor deal

With a deadline looming ever more menacingly, the European Union’s chief negotiator on the post-Brexit trade deal with Britain Wednesday publicly blamed London for a lack of progress in the two sides’ belated attempt to reach an even rudimentary agreement.
Source: ctv business
EU: Brexit trade talks still face ‘too many difficulties’

A contract dispute between unionized workers at Loblaws-owned Dominion stores in Newfoundland has been expanded to include pickets in two other provinces.
Source: ctv business
Unifor takes battle against Loblaw beyond N.L., where 1,400 workers are on strike

Statistics Canada says the country’s merchandise trade deficit grew to $3.3 billion in September as both exports and imports climbed higher, but remained below their pre-pandemic levels.
Source: ctv business
Statistics Canada says merchandise trade deficit edged up to .3B in September

TransAlta Corp. says it will end mining operations at its Highvale coal mine by the end of 2021 and will stop using coal to power its generators in Canada effective Jan. 1, 2022.
Source: ctv business
TransAlta announces plan to stop mining coal at Highvale, stop using coal in Canada

Dollarama Inc. says Pomerleau executive Jean-Philippe Towner will become its next chief financial officer on March 1, 2021.
Source: ctv business
Dollarama names Pomerleau executive Jean-Philippe Towner as next CFO

Saudi Arabia on Wednesday announced reforms that will abolish some key restrictions tying millions of low-paid and vulnerable migrant workers to their employers in conditions that have been rife with abuse and exploitation.
Source: ctv business
Saudi Arabia to remove key restrictions on migrant labourers

German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as sales boomed in China and highly profitable luxury models such as the 8 Series coupe and X7 large sport-utility vehicle helped fatten the bottom line.
Source: ctv business
Luxury vehicles, booming sales in China boost BMW profits