Direct Loan Canada Blog

The Ontario government says it will be supporting Ontario Power Generation’s plan to refurbish the R. H. Saunders Generating Station on the St. Lawrence River.
Source: ctv business
Ontario government endorsing 0M refurbishment plan for Cornwall power generating station

A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
Source: ctv business
Toronto-area dessert shop featured by Keith Lee forced to move after zoning complaint

The president of London Drugs doesn’t know why the company was targeted in a cyber attack that forced it to close its stores for more than week, but Clint Mahlman says hackers with sophisticated methods are “constantly probing for weaknesses” of online systems.
Source: ctv business
London Drugs president warns that cyber attackers ‘constantly probing for weaknesses’

Canadian Tire Corp. Ltd. is the latest retailer to warn of softening consumer demand as high costs of living continue to rein in spending.
Source: ctv business
Canadian Tire revenue down in first quarter as consumer spending softens

The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd.
Source: ctv business
Fintrac imposes million fine on cryptocurrency exchange Binance Holdings

The Bank of Canada says the Canadian financial system is stable, but risks remain due to debt servicing costs among households and businesses and stretched valuations of financial assets.
Source: ctv business
Bank of Canada says financial system is stable, but risks remain

As preconstruction condo sales in Toronto plummet to levels not seen since the global financial crisis 15 years ago, developers are now turning to more lucrative incentives to try to entice prospective buyers.
Source: ctv business
Free parking and mortgage holidays: Developers offering new incentives as Toronto preconstruction condo sales plummet

Experts say so-called sovereign stores undercut licensed cannabis operators and don’t benefit Indigenous communities.
Source: ctv business
Unlicensed cannabis stores in Cambridge, Ont. operating despite request to shut them down

After talks broke down earlier this week, 52 unionized staff at SNOLAB are on the picket line outside Creighton Mine in Lively.
Source: ctv business
Dozens of workers at SNOLAB in Sudbury go on strike

The head of London Drugs is apologizing to customers after all the retailer’s stores in Western Canada were shuttered last month by a cybersecurity breach that remains under investigation.
Source: ctv business
London Drugs president apologizes for cyberattack shutdown as investigation continues