Direct Loan Canada Blog

Canadians are tightening their belts this holiday season, spending less overall than they did at the same time last year while worrying about how they will fare financially in 2024, according to new data from Nanos Research.
Source: ctv business
How Canadians’ fears about the economy translate to their spending habits

Rogers Communications Inc. says it has passed a key milestone in satellite-to-mobile connectivity as the company pushes to bring the technology to the entire country next year.
Source: ctv business
Rogers hails successful satellite-to-mobile phone call, with N.L. premier on one end

Bank of Nova Scotia CEO Scott Thomson unveiled a new strategy for the Canadian lender on Wednesday, focusing on growth at its Canadian, Mexican and Caribbean units while it could exit underperforming regions such as Colombia.
Source: ctv business
Scotiabank prioritizes Canada, Mexico in growth plan, eyes Colombia exit

A Glencore-led consortium’s successful US$9 billion bid for Teck Resources’ steelmaking coal unit could face tougher environmental clean-up obligations, as water pollution from the mines comes under increasing scrutiny in the U.S. and Canada.
Source: ctv business
Glencore’s prized Canadian coal mines come with rising environmental scrutiny

The U.S. Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Source: ctv business
U.S. Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

Canadian LifeLabs customers who had their data breached in a 2019 cyberattack may be eligible for compensation after an Ontario court certified a class-action settlement in October.
Source: ctv business
How to find out if you’re eligible for compensation in the Canada-wide LifeLabs settlement

Virginia Gov. Glenn Youngkin has reached a tentative agreement with the parent company of the NBA’s Washington Wizards and NHL’s Washington Capitals to move those teams from the District of Columbia to what he called a new “visionary sports and entertainment venue” in northern Virginia.
Source: ctv business
Wizards, Capitals would move to Virginia in tentative deal, Youngkin says. Mystics would stay in DC

Beer and wine could be coming to a corner store near you. In a video posted to X on Wednesday, Ontario Premier Doug Ford appears in an aisle of a convenience store, saying, ‘We made a promise to you to bring beer and wine to convenience stores and grocery stores across the province of Ontario. Get ready.’
Source: ctv business
‘Get ready’: Doug Ford teases beer and wine in Ontario convenience stores

If you use the Chinese bargain shopping app Temu, CTVNews.ca wants to hear from you.
Source: ctv business
Is Temu your new go-to shopping app or are you not into the hype? We want to hear from you

After two years of work, the group responsible for developing the grocery code of conduct says its launch is being held back by a lack of support from all the major grocers.
Source: ctv business
Grocery code launch being held back by dissent from some retailers: board report