Direct Loan Canada Blog

The popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff.
Source: ctv business
Video app TikTok leans into e-commerce with Shopify deal

In its heyday in the 1980s, Walkerton’s Energizer factory made batteries for the world, and employed hundreds of local residents. Now, after years of sitting vacant, it will soon be bustling again.
Source: ctv business
Batteries to buds for last empty factory in Walkerton, Ont.

BP plc says third-quarter earnings plunged 96 per cent as the COVID-19 pandemic reduced energy prices and demand.
Source: ctv business
BP reports 3Q earnings plunge amid falling demand

Officials with Cenovus Energy confirm the acquisition of Husky Energy will result in the elimination of between 20 and 25 per cent of the staff of the companies.
Source: ctv business
Cenovus-Husky deal to result in upward of 2,150 layoffs

Thanks to the huge scale and potential of China’s fintech landscape, Ant Group is poised to raise about US$34.5 billion in the world’s largest share offering, beating Saudi Aramco’s previous record of $29.4 billion. Ahead of the IPO, the company will be valued at about $280 billion.
Source: ctv business
Here’s why Ant Group is about to shatter IPO records

The pandemic continued eating into profits for Restaurant Brands International Inc. in the third-quarter, as disruption to daily rituals like going to work and taking kids to hockey curbed sales.
Source: ctv business
Disruption to daily routine impacts Q3 profits, sales for Tim Hortons’ parent company

More than 130 Canadian tech leaders are calling on the prime minister to create a prosperity plan because they say the country won’t excel without support for innovators and the government has been slow to offer help.
Source: ctv business
‘We need a champion in government:’ Tech CEOs want prosperity strategy from Trudeau

Advanced Micro Devices is buying Xilinx for US$35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry.
Source: ctv business
One more huge chip deal in 2020; AMD buys Xilinx for USB

Spin Master Corp. says it has signed a deal to buy Rubik’s Brand Ltd, owner of the Rubik’s Cube.
Source: ctv business
Spin Master signs USM deal to buy Rubik’s Brand Ltd, owner of the Rubik’s Cube

U.S. stocks are falling Tuesday, as momentum slows following Wall Street’s worst day in a month on worries about rising virus counts and Washington’s inability to deliver more aid to the economy.
Source: ctv business
Stocks continue slipping a day after worst loss in weeks