Direct Loan Canada Blog

China’s leaders are vowing to make their country a self-reliant ‘technology power’ as a feud with Washington cuts access to U.S. computer chips and other high-tech components, hampering Beijing’s industrial ambitions.
Source: ctv business
China’s leaders vow to become self-reliant technology power

U.S. stocks are pushing upward Thursday after better-than-expected reports on the economy helped stabilize Wall Street following its worst drop in more than four months.
Source: ctv business
Wall Street steadies itself following encouraging reports

Boeing will cut more jobs as it continues to bleed money and its revenue fades during a pandemic that has smothered demand for new airline planes.
Source: ctv business
Deeper job cuts at Boeing as pandemic throttles air travel

Numerous trade experts, analysts and diplomats who have watched Canadians cope with Trump’s profound threats to their economic well-being say the Canada-U.S. relationship won’t be repaired overnight if Joe Biden becomes president.
Source: ctv business
What Canada-U.S. trade could look like with Biden as president

Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021.
Source: ctv business
Carmakers FCA and PSA confirm progress toward full merger

North American stock markets were in retreat in late-morning trading amid worries about rising COVID-19 cases.
Source: ctv business
North American stock market down amid COVID-19 worries, loonie down

The representatives for employers and workers in the employment insurance system say they are deeply concerned that a promised review of the program will be lost in the heat of a minority Parliament.
Source: ctv business
EI commissioners say workers, companies want non-partisan review of system

Finance Minister Chrystia Freeland says federal aid programs won’t last forever, making the comments on the same day the Bank of Canada targeted 2022 for an economic recovery from COVID-19.
Source: ctv business
Freeland says aid needed, but not infinite, as central bank targets 2022 for recovery

Hudson’s Bay Co. has filed a lawsuit against the landlord of several of its department stores, alleging a failure to operate and maintain “first class shopping centres.”
Source: ctv business
HBC sues landlord of Yorkdale, Square One claiming failure to run ‘first class’ malls

U.S. President Donald Trump formally signed a proclamation exempting Canadian aluminum exports from punitive Section 232 tariffs.
Source: ctv business
Trump signs proclamation formally exempting Canadian aluminum from tariffs, for now