Direct Loan Canada Blog

Ontario is working toward filling all of the province’s quickly growing electricity needs with emissions-free sources, including a plan to secure new renewable generation, but isn’t quite ready to commit to a moratorium on natural gas.
Source: ctv business
Ontario to seek new wind, solar power to help ease coming electricity supply crunch

More than half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month, a report by insolvency firm MNP Ltd. said, as higher interest rates and a rising cost of living have stretched budgets.
Source: ctv business
Debt, savings worries up as higher interest rates and costs take a toll: surveys

Canadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.
Source: ctv business
Postmedia, Toronto Star owner Nordstar end merger talks

Striking British Columbia dock workers and their employer held a round of bargaining over the weekend, the first since negotiations collapsed one week ago, but neither side is saying when, or if, more talks are planned.
Source: ctv business
Impasse on B.C. port strike not broken by Saturday’s round of negotiations

Gordon Reid, a Canadian businessman and founder of the popular discount chain Giant Tiger, has died.
Source: ctv business
Giant Tiger founder Gordon Reid has died at 89

Stocks are drifting on Wall Street Monday ahead of a week with updates on where inflation and corporate profits are heading.
Source: ctv business
Stock market today: Wall Street drifts ahead of updates on inflation, profits

The Bank of Canada is expected to raise interest rates again this week as forecasters say the economy has not softened enough for the central bank to back off.
Source: ctv business
BoC expected to raise rates again this week, vying to quash inflation faster

Canadian farmers are expecting to pay more to heat their barns and dry crops after a bill that would have exempted natural gas and propane from aspects of the carbon pricing scheme remains in the Senate.
Source: ctv business
Farmers wait as bill on carbon pricing exemption remains with the Senate

An analysis of early housing market reports shows the Bank of Canada’s last interest rate increase affected buyers differently across the country, with home sales falling in some cities while rising in others.
Source: ctv business
Here’s how the last BoC rate hike affected home sales in different markets

Switzerland will import more cheese than it exports this year for the first time, according to the head of the country’s dairy association.
Source: ctv business
Switzerland to become a net importer of cheese this year for the first time