Direct Loan Canada Blog

The Tourism Industry Association of Ontario is calling for a swift resolution to an ongoing strike by the province’s liquor store workers, saying the labour dispute is affecting tourism operators during their peak season.
Source: ctv business
Tourism association calls for end to LCBO strike, says dispute hurting operators

Seven years after it climbed out of creditor protection and embarked on a major turnaround, Stelco Holdings Inc. said it will be acquired by Cleveland-Cliffs Inc. in a $3.4-billion deal.
Source: ctv business
Hamilton steel maker Stelco Holdings sold to Cleveland-Cliffs for .4 billion

Corus Entertainment Inc. says it expects to have slashed 25 per cent of its full-time workforce by the end of next month compared with the beginning of its 2023 fiscal year, as the company continues to “aggressively cut costs.”
Source: ctv business
Corus Entertainment says ongoing job cuts will amount to 25% of full-time positions

Wildfires burning near Labrador City, N.L. have prompted mining companies in the area to temporarily halt operations.
Source: ctv business
Newfoundland wildfires force temporary shutdown of iron ore mines

The Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first interest rate cut.
Source: ctv business
Business, consumer sentiment subdued in Q2: Bank of Canada surveys

As the LCBO strike enters its second week, the Ontario government is speeding up its alcohol expansion plans, announcing licensed grocery stores will be able to start selling ready-to-drink (RTD) beverages as of July 18.
Source: ctv business
Ontario accelerates alcohol expansion plans amid ongoing LCBO strike

A new insurance policy being offered to New Brunswick maple syrup producers is aimed at protecting them financially from production losses caused by natural perils, such as extreme weather conditions.
Source: ctv business
New insurance policy will protect N.B. maple syrup producers from certain losses, like extreme weather events

The value of former U.S. President Donald Trump’s social media company spiked Monday after he was injured in an attempted assassination over the weekend.
Source: ctv business
Trump Media shares spike 30 per cent after assassination attempt

The company that owns the salvage rights to the Titanic is undertaking its first expedition to the ship’s wreckage in years, and those involved in the mission said they have both heavy hearts and lofty goals for a trip happening a year after a submersible disaster involving another firm killed five people.
Source: ctv business
The first Titanic voyage in 14 years is happening in the wake of submersible tragedy. Hopes are high

The Bank of Canada is expected to announce its key interest rate decision in less than two weeks. Last month, the bank lowered its key interest rate to 4.7 per cent, marking its first rate cut since March 2020.
Source: ctv business
Should you wait to buy or sell your home?