Direct Loan Canada Blog

the COVID-19 pandemic has reduced the global demand for oil and gas. But while the downturn is causing similar damage to what was suffered after the cod collapse, some are wondering if the dark days of the 1990s can provide a road map to get through the current crisis.
Source: ctv business
As N.L.’s oil industry sputters, the emotional toll of the cod moratorium looms large

A well-known Canadian toy maker is adding mask-making to its business model, in hopes of ensuring Canada doesn’t experience another dangerously low supply of personal protective equipment.
Source: ctv business
Why a Canadian toy maker is joining the mask-making business

Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday. He was 78.
Source: ctv business
Lee Kun-Hee, force behind Samsung’s rise, dies at 78

Canada’s beleaguered airline industry is warning that some flights to smaller, distant communities could soon be grounded.
Source: ctv business
Airline industry still waiting for federal relief package after demand takes a nosedive

COVID-19 restrictions and the threat of community transmission are pushing some restaurants to operate in new formats.
Source: ctv business
Ghost kitchens gaining popularity as restaurants cope with COVID-19

Demonstrators dressed as chickens, a cow and President Donald Trump gathered Saturday in London to protest a proposed U.S.-U.K. trade deal that activists say will lower food safety standards.
Source: ctv business
U.K., U.S. trade pact opposed with Trump, cows and pigs as props

The U.S. Department of Transportation has granted tentative approval of an alliance agreement between WestJet Airlines and Delta Air Lines.
Source: ctv business
U.S. government approves alliance between WestJet and Delta, with conditions

Several Canadian companies have filed for creditor protection under the Companies’ Creditors Arrangement Act or Bankruptcy and Insolvency Act since the beginning of the pandemic.
Source: ctv business
Canadian companies that have filed for creditor protection since pandemic began

Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected earnings.
Source: ctv business
Automaker Daimler rebounds after lockdowns, raises outlook

After 60 years in operation, Le Chateau Inc. is seeking court protection from creditors to allow it to liquidate its assets and close its stores.
Source: ctv business
Le Chateau files for court protection, plans to shut down