Direct Loan Canada Blog

U.S. officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets and soaring delinquencies.
Source: ctv business
Mortgage companies could intensify the next recession, U.S. officials warn

Edwin Mostered spent thousands of dollars booking a vacation home in Whistler, B.C., for a group skiing trip earlier this year – or so he thought.
Source: ctv business
B.C. man fighting for refund after finding someone living at Whistler vacation rental

The Federal Court of Appeal says work on a massive rail-and-truck hub in the Greater Toronto Area can go ahead — for the time being, as the future of the facility remains in limbo.
Source: ctv business
Construction on CN Rail hub in GTA can continue — for now: judge

Melinda French Gates will step down as co-chair of the Bill & Melinda Gates Foundation, the non-profit she and her ex-husband Bill Gates founded and built into one of the world’s largest philanthropic organizations over the past 20 years.
Source: ctv business
Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates

Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch up to to US$5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Source: ctv business
Kraft Heinz exploring sale of Oscar Mayer business: WSJ report

The Federal Court of Appeal says work on a massive rail-and-truck hub in the Greater Toronto Area can go ahead pending its decision on an appeal of a lower court ruling that halted construction.
Source: ctv business
Judge says construction on massive CN Rail hub in Ontario can continue — for now

An Ontario Superior Court judge has ruled that the City of Ottawa was negligent in its enforcement of the city’s taxi bylaw when it allowed Uber to begin operating in 2014, harming the city’s established taxi industry.
Source: ctv business
City of Ottawa negligent in allowing Uber to operate outside of taxi bylaw, judge rules

An Ontario Superior Court judge has ruled that the City of Ottawa was negligent in its enforcement of the city’s taxi bylaw when it allowed Uber to begin operating in 2014, harming the city’s established taxi industry.
Source: ctv business
‘A great victory for the industry’: Taxi drivers celebrate ruling that found City of Ottawa negligent in allowing Uber to operate

Arthur L. Irving, chairman emeritus and former president of Irving Oil, has died at the age of 93.
Source: ctv business
Irving Oil former president dies at age 93

The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday.
Source: ctv business
GameStop shares are skyrocketing after meme stock trader posts for first time in 3 years