Direct Loan Canada Blog

Ontario’s cannabis wholesaler is temporarily capping the number of products retailers can order and expanding its delivery window as it works through a backlog caused by a cyberattack on its logistics partner.
Source: ctv business
OCS capping pot shop orders and changing delivery window after partner’s cyberattack

Heathrow Airport in London said Thursday that its limit on the number of passengers is easing a travel crunch that has led to flight cancellations and lost luggage as soaring demand for summer trips runs up against pandemic-era staffing shortages.
Source: ctv business
Heathrow airport says passenger cap has eased travel chaos

The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.
Source: ctv business
EU says U.S. electric vehicle tax credit could break WTO rules

Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
Source: ctv business
How rising interest rates are making GICs more attractive for investors

Gasoline prices in the U.S. dipped to just under the US$4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials.
Source: ctv business
Gas prices dip just below US for the first time in 5 months

In its latest residential real estate outlook published on Thursday, Desjardins says it’s expecting a sharp correction in the housing market, adjusting its previous forecast that predicted a 15-per-cent drop in the average home price over that same period.
Source: ctv business
Housing correction could see prices drop nearly 25% by end of 2023: Desjardins

McDonald’s will start reopening some of its restaurants in Ukraine in the coming months, a symbol of the war-torn country’s return to some sense of normalcy and a show of support after the American fast-food chain pulled out of Russia.
Source: ctv business
Big Mac is coming back: McDonald’s to reopen in Ukraine

Canadians will soon be able to carry a piece of national music history in their wallets with the launch of a coin commemorating legendary jazz pianist Oscar Peterson. The Royal Canadian Mint unveiled a one-dollar circulation coin Thursday honouring the late Montreal artist.
Source: ctv business
Pianist Oscar Peterson becomes first Black Canadian featured on a circulation coin

Wall Street is rising again Thursday after another encouraging dose of data showed inflation cooled last month.
Source: ctv business
Wall Street rises after another sign of cooling inflation

Workers at Metro Inc. are putting in overtime to keep stores open as the company grapples with an ongoing labour crunch, the Montreal-based grocery and drugstore retailer said Wednesday.
Source: ctv business
Metro faces ongoing worker shortage, higher overtime pay to keep grocery stores open