Direct Loan Canada Blog

According to the Ombudsman for Banking Services and Investments (OBSI) 2023 annual report, there was a 248 per cent increase in the number of opened banking cases in 2023 compared to 2022.
Source: ctv business
Reports suggest BMO received far more customer complaints in 2023 than other Canadian banks

Canadian National Railway Co. has released a new Indigenous relations policy for the railway months after its advisory council of prominent Indigenous leaders resigned en masse.
Source: ctv business
Canadian National Railway Co. releases new Indigenous relations policy

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades.
Source: ctv business
Referencing ‘In an emergency, break glass’ signs, Bank of Canada official says, ‘It’s time to break the glass’

Roughly 200,000 small businesses took on new debt to refinance their Canada Emergency Business Account loans to access the forgivable portion of the loan, says the Canadian Federation of Independent Business.
Source: ctv business
CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline

Financial experts say they encounter myths every day in their line of work. Popular examples are that home ownership is the only way to get rich or budgeting rules that are outdated.
Source: ctv business
Financial mythbusting 101: Don’t get stuck on financial advice that doesn’t ring true

Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce.
Source: ctv business
Luxury parka maker Canada Goose laying off 17 per cent of staff

As Donald Trump’s social media company begins trading publicly Tuesday, would-be investors might ask themselves if the stock is too pricey and potentially too volatile.
Source: ctv business
Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic

At least one Costco store in Ottawa has implemented a digital card scanner for member entry, a departure from the traditional in-person card check, in an effort to crack-down on shoppers who have not paid a membership fee.
Source: ctv business
Costco begins using verification scanners at some Ottawa stores

A Nova Scotia judge has approved a process aimed at finding buyers or investors willing to bid on SaltWire Network Inc. and The Halifax Herald Ltd., the two companies that operate Atlantic Canada’s largest newspaper enterprise.
Source: ctv business
Sales and investment process started for SaltWire Network and The Halifax Herald

A major Canadian food retailer was fined thousands of dollars after one of its B.C. grocery stores sold wine to a 16-year-old.
Source: ctv business
Loblaws fined ,000 after 16-year-old sold wine at Surrey, B.C., store