Direct Loan Canada Blog

Indigo Books & Music Inc. revealed this week that a massive systems outage it’s been dealing with for almost a month was triggered by ransomware. It said the attack deployed LockBit, a malicious software increasingly cropping up in digital security breaches.
Source: ctv business
What is LockBit, the malicious software used against Indigo, SickKids?

Suncor Energy Inc. has taken another step toward streamlining its business, signing a deal to sell its offshore assets in the North Sea to Equinor UK Ltd. in an agreement valued at about $1.2 billion.
Source: ctv business
Suncor Energy selling North Sea offshore assets in deal valued at .2B

China’s vast real estate industry is recovering from a slump triggered by tighter debt controls, a deputy central bank governor said Friday, after a wave of defaults by developers rattled global financial markets.
Source: ctv business
Officials: China real estate recovering from debt crackdown

Malaysian former Prime Minister Najib Razak was acquitted Friday in the latest trial in response to the multibillion-dollar looting of the 1Malaysia Development Berhad state fund.
Source: ctv business
Jailed Malaysia ex-PM Najib acquitted in latest 1MDB trial

Exxon Mobil Corp was sued for racial discrimination by a U.S. federal agency on Thursday, with charges alleging that the oil major failed to protect workers from harassment after nooses were found at one of its facilities in 2020.
Source: ctv business
U.S. agency sues Exxon for discrimination after nooses found at plant

The base metal, utility and technology sectors helped lead a broad-based rally as Canada’s main stock index rose more than 150 points, while U.S. stock markets also climbed higher in late-morning trading.
Source: ctv business
S&P/TSX composite up in broad-based rally, U.S. stock markets also higher

Canada’s main stock index rose almost 250 points in a broad-based rally Friday, ending the week on an upswing as Wall Street stocks also posted strong gains.
Source: ctv business
S&P/TSX composite gains nearly 250 points to end week on upswing

An explosion and fire near an illegal oil refinery site in Nigeria’s Niger Delta region killed at least 12 people Friday, police said, although local residents reported a much higher death toll.
Source: ctv business
Police: Illegal refinery blast in Nigeria kills at least 12

CTVNews.ca is tracking monthly changes in grocery prices, using Statistics Canada inflation data, to help consumers monitor the impact on their food bills. Use the interactive on CTVNews.ca to track prices of popular grocery store items such as milk, eggs, cheese, and fruits and vegetables.
Source: ctv business
Food inflation tracker: What are grocery prices like in your province?

Egypt raised the price of some types of gasoline Thursday, the latest hike to beset the cash-strapped North African country amid soaring inflation.
Source: ctv business
Egypt raises price of gasoline in latest hike amid inflation