Direct Loan Canada Blog

Public trust in the Bank of Canada has been dented by post-pandemic inflation and it needs to be rebuilt, governor Tiff Macklem said on Wednesday.
Source: ctv business
Bank of Canada needs to rebuild public trust after inflation: governor Tiff Macklem

Bell Canada says it is selling Northwestel Inc. to Sixty North Unity, a consortium of Indigenous communities from the Northwest Territories, Yukon and Nunavut, for around $1 billion.
Source: ctv business
Indigenous consortium enters deal to purchase Northwestel for billion

Shares of Canadian Western Bank surged Wednesday on the news National Bank was buying it at a $5-billion valuation, while shares of other mid-sized banks also saw some gains as the acquisition trend continued.
Source: ctv business
Canadian Western Bank shares soar after National Bank tie-up announced

Quebecor Inc. says it has filed a complaint with the Competition Bureau regarding an agreement between Loblaw and wireless carriers Bell and Rogers, through their joint venture Glentel.
Source: ctv business
Quebecor complains to Competition Bureau about Loblaw-Glentel agreement

Global oil demand will peak by 2029 and begin to contract the following year while the U.S. and other non-OPEC countries add to supply, the International Energy Agency (IEA) said on Wednesday, resulting in a major surplus this decade.
Source: ctv business
Oil demand set to peak by 2029, major supply glut looms, agency says

Dollarama Inc. has upped its stake in Dollarcity to 60.1 per cent and revealed it has big plans for expanding the Latin American chain.
Source: ctv business
Dollarama ups stake in Latin American business Dollarcity, plans expansion to Mexico

As the province plans to introduce alcohol sales to Ontario corner stores this summer, The Beer Store will be allowed to sell lottery tickets and other items under the new agreement.
Source: ctv business
The Beer Store will be allowed to sell lottery tickets in Ontario under new agreement

With monetary policy at the Bank of Canada and U.S. Federal Reserve on track to diverge, experts say it could set the Canadian dollar up for volatility down the road.
Source: ctv business
‘A tale of two economies’: Interest rate policy in Canada and U.S. set to diverge

A panel of federal judges spent two hours on Tuesday wrestling with a series of legal issues raised in an attempt to overturn a fraud conviction that sent Theranos CEO Elizabeth Holmes to prison after a meteoric rise to Silicon Valley stardom.
Source: ctv business
Judges hear Elizabeth Holmes’ appeal of fraud conviction while she remains in Texas prison

A group of Mississauga homeowners hired a construction company with a reputable name, only to find out that it wasn’t the company they thought – setting into motion a series of bizarre events that ended with the arrest of a homeowner.
Source: ctv business
Ontario homeowner fighting back against alleged paving scam arrested