Direct Loan Canada Blog

Drugstore chain Rexall Pharmacy Group and online retailer Well.ca are due to land under Canadian ownership after a Toronto-based private equity firm announced Thursday that it would purchase both brands from McKesson Corp.
Source: ctv business
Private equity firm Birch Hill signs deal to buy Rexall Pharmacy and Well.ca

Alimentation Couche-Tard Inc.’s incoming CEO says the company is ‘confident’ it can close on a blockbuster bid to take over 7-Eleven-owner Seven & i Holdings Co. Ltd.
Source: ctv business
Quebec’s Alimentation Couche-Tard ‘confident’ it can close on bid to for 7-Eleven owner

The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
Source: ctv business
Variable mortgage rates regaining traction as Bank of Canada cuts rates

Some Canadian banks say they’re starting to question how aggressively they go after mortgage customers amid intense competition.
Source: ctv business
Some banks rethinking strategy on home mortgage competition

Prairie farmers are bracing for a financial hit in the wake of China saying it will launch an anti-dumping investigation into Canadian canola imports.
Source: ctv business
Farmers caught in crossfire as China targets Canadian canola for investigation

The Insurance Bureau of Canada says this summer saw a record number of insurance claims driven by four major weather events and natural disasters over the span of four weeks.
Source: ctv business
Four natural disasters across Canada led to record number of insurance claims: bureau

Both Saskatchewan’s trade and agriculture ministers have sent their concerns to Ottawa regarding an ongoing dispute involving Canadian canola shipped to China.
Source: ctv business
Saskatchewan’s trade, agriculture ministers pen letter, calling for swift resolution of canola dispute with China

Greater Vancouver Realtors says home sales in the region dropped 17.1 per cent in August from a year earlier and were more than a quarter below the 10-year seasonal average.
Source: ctv business
Vancouver home sales fall 17% in August despite interest rate cuts: real estate board

Shein and Temu, two Chinese low-cost e-commerce websites, are the target of a proposed investigation by the United States government for selling “deadly baby and toddler products.”
Source: ctv business
U.S. regulators want to investigate Shein and Temu over ‘deadly’ baby products

Members of the Nordstrom family with the help of a Mexican retail group are offering to take the century-old department store private for US$3.76 billion per share cash, months after first expressing interest in a buyout.
Source: ctv business
The century-old Nordstrom department store chain gets a .76 billion bid from the Nordstrom family