Direct Loan Canada Blog

The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing’s anxiety about risks in the fledgling industry, jarring global investors and deepening uncertainty about China’s financial markets.
Source: ctv business
Debut of Chinese e-finance giant derailed by fear of risks

Stocks are rallying again on Wednesday, but only after spinning through an election night dominated by surprises and sharp swings.
Source: ctv business
Stocks shake off election wobbles, as tech leads big rally

Indigo Books and Music Inc. trimmed its losses and increased revenues in its second quarter on strong online growth.
Source: ctv business
Indigo trims second-quarter losses as revenues increase from solid online growth

Days after both Carnival and Norwegian extended a halt on cruises through the end of the year, the group that represents cruise lines with 95 per cent of global ocean-going capacity said that its members have agreed to extend the suspension of sailing operations for the rest of 2020.
Source: ctv business
Cruise industry throws in the towel on 2020, looks to 2021

Pilots with Dutch national airline KLM agreed Tuesday to accept pay cuts for as long as the carrier needs a multibillion euro government coronavirus bailout, the pilots union and KLM announced.
Source: ctv business
KLM pilots agree to pay cuts to secure bailout for airline

Online platforms like Netflix and Spotify may end up spending more than $800 million on Canadian content over the next three years under a series of policy changes the federal government has proposed in a new bill Tuesday.
Source: ctv business
Feds propose changes to Broadcasting Act that may raise 0-million from streamers

The Real Estate Board of Greater Vancouver says October home sales were up 29 per cent compared to a year ago, making it the second-best October on record.
Source: ctv business
Vancouver real estate: Housing market posts 2nd-best October on record as sales rise 29%

Luxury sportscar maker Ferrari on Tuesday reported its profits remained flat in the third quarter as it recovers lost production from the coronavirus shutdown.
Source: ctv business
Ferrari profit steady as it recovers lost lockdown output

Nike said Monday it expects to eliminate 700 jobs at its Oregon headquarters near Beaverton by early January as part of a broader restructuring the company announced during the summer.
Source: ctv business
Nike says Oregon HQ layoffs will reach 700 by January

The planned stock market debut of the world’s biggest online finance company, Ant Financial was suspended in Shanghai and Hong Kong, disrupting a record-setting US$34.5 billion initial public offering that highlighted China’s recovery from the coronavirus pandemic.
Source: ctv business
Market debut of Chinese e-finance giant Ant postponed