Direct Loan Canada Blog

Canada’s grocery sector needs more competition to help keep food prices down, give shoppers more choice and encourage new entrants, the country’s competition watchdog says.
Source: ctv business
Rising grocer profit margins underscore need for competition, regulator finds

Amazon’s profitable cloud business will invest roughly US$7.8 billion by the end of 2029 to expand its data centre operations in central Ohio, state leaders announced Monday, further advancing the state’s efforts to establish itself as the Midwest’s technology hub.
Source: ctv business
Amazon is investing another US.8B in Ohio-based cloud computing operations: state leaders

After the pandemic and war in Ukraine, and the inflation shock that followed, the global economy is in a precarious state. The last thing it needs right now is another nasty surprise. The armed insurrection has been defused but the most serious challenge to Putin’s authority in 23 years could still usher in a period of turmoil and change.
Source: ctv business
Why chaos in Russia could spell trouble for the global economy

The company that operates Line 5 is asking a U.S. judge for a measure of certainty that its controversial cross-border pipeline won’t be shut down before it can be rerouted around an Indigenous band’s territory in Wisconsin.
Source: ctv business
Ensure Line 5 keeps running until reroute completed in 2026, Enbridge asks U.S. judge

The controversial Line 5 pipeline can keep moving fossil fuels through an Indigenous band’s territory in Wisconsin for now, but operations on that property ‘must cease’ on June 16, 2026, a U.S. judge says.
Source: ctv business
Enbridge ‘must cease’ Line 5 operations on Bad River land by June 2026: judge

Whether you’re applying for your first credit card or trying to determine the next best card to add to your wallet, it’s important to do your research. On CTVNews.ca, personal finance columnist Christopher Liew shares some tips on finding the best credit card to suit your needs.
Source: ctv business
What’s the best credit card for you? Advice from an expert

Stocks are drifting Monday in their first trading since a big rally for Wall Street hit its first roadblock in six weeks.
Source: ctv business
Stock market today: Wall Street drifts to start what could be a quiet week

A Canadian oil company is the latest to report it experienced a cyber security incident.
Source: ctv business
Calgary-based Suncor Energy says it suffered a cybersecurity incident

Forget about the canary in the coal mine — experts say the day is coming when there won’t even be a need for a human. Mining companies are already employing everything from driverless haul trucks to remote-controlled and robotic drilling machines to remove human labour from some of their most hazardous operations.
Source: ctv business
Mining companies betting on autonomous technology to make dangerous jobs safer

The U.S. market has long been a coveted demographic for tourism boards, tour operators and destination management companies throughout the world, perhaps most notably because of their incomes, leading to higher budgets for travel expenses
Source: ctv business
‘Everybody loves Americans’: Why U.S. tourists are a hot commodity