Direct Loan Canada Blog

North American stock markets pared earlier losses but still trended negative in early-afternoon trading amid ongoing concerns about rising COVID-19 infection rates.
Source: ctv business
North American stock markets tumble in late-morning trading, loonie up

Canada’s main stock index endured its worst week since large corrections in March as investors got spooked by ongoing concerns about rising COVID-19 infection rates.
Source: ctv business
Spooked investors push North American stock markets to worst week since March

Exxon Mobil is slashing 1,900 jobs from its U.S. workforce, and Chevron plans to cut a quarter of the employees at its recently-acquired Noble Energy as the pandemic saps demand for fuel.
Source: ctv business
Exxon to cut 1,900 U.S. jobs; cuts may be coming in Canada too

The Canadian Association of Oilwell Drilling Contractors says it expected about 250 rigs to be working in October, but only 100 are presently drilling.
Source: ctv business
‘The industry is not sustainable today’: Significant casualties expected in Alberta drilling sector

Five million images of Canadian shoppers were collected without customers’ knowledge through facial recognition software used by Cadillac Fairview, a parent company of malls across the country, according to an investigation by privacy officials.
Source: ctv business
Privacy investigation finds 5 million shoppers’ images collected at malls across Canada

Moderna said Thursday it took in US$1.1 billion in deposits in the third quarter for a coronavirus vaccine that it is “actively preparing” to launch.
Source: ctv business
Moderna already has US.1B in deposits for COVID-19 vaccine

Finnish telecommunications company Nokia on Thursday reported improved third-quarter earnings largely in line with expectations, but acknowledged it faced challenges in the race for 5G cellular networks.
Source: ctv business
Nokia profit up, new CEO pledges to boost 5G investments

The flood of businesses scrambling to build or enhance their digital efforts during the COVID-19 pandemic nearly doubled Shopify Inc.’s third-quarter revenue compared with a year ago.
Source: ctv business
Shopify Q3 revenue up 96 per cent from last year amid mass shift to e-commerce

Finance Minister Travis Toews will table Bill 41 and present the findings and recommendations of a final report by the auto insurance advisory committee, which was first ordered at the beginning of 2020.
Source: ctv business
Alberta government to introduce auto insurance reforms

Husky Energy Inc. reported a nearly $7.1-billion loss in its latest quarter as it was hit by $6.7 billion in non-cash impairment charges after taxes related to lower long-term commodity price assumptions and reduced capital investment.
Source: ctv business
Husky Energy hit by non-cash impairment charges, reports -billion loss in Q3