Direct Loan Canada Blog

While Canada is the world’s second-biggest country and only has about 40 million people, most of its best arable land lies near big cities such as Toronto, where the COVID-19 pandemic has intensified demand for suburban homes.
Source: ctv business
Sizzling house prices put the squeeze on farmland in Canada

The company whose software was exploited in the biggest ransomware attack on record said Tuesday that it so far it appears that fewer than 1,500 businesses were compromised. But cybersecurity experts suspected the estimate was low and noted that victims are still being identified.
Source: ctv business
Number of victims in major ransomware attack still unclear

Quebec’s Home Builders’ Association has filed a police complaint against a Laval developer who went bankrupt last week, but not before taking at least $17 million in deposits from prospective home buyers.
Source: ctv business
‘In a second, all our dreams turned into a nightmare’: Quebec home buyers lose millions as developer files for bankruptcy

A 7.7-hectare lot for sale in a protected bay on the Canadian side of Lake Erie may look like a steal at $99,000, especially with the average home in Canada now worth $688,000, but there is a catch. It is entirely under water.
Source: ctv business
Lot in Ontario village for sale with small catch: It’s under water

For most aficionados, a sparkling wine can be called champagne only if it comes from the region of France with that name and is made under certain regulations. A new Russian law makes the counter-claim that the word can be used only for Russian wine.
Source: ctv business
Bubbly supply halted after Moscow says champagne is Russian

Vancouver-area drivers are being warned to prepare to pay more at the pumps this summer.
Source: ctv business
Gas prices may reach 185 cents per litre in Vancouver this summer: analyst

With election buzz in the air, Prime Minister Justin Trudeau announced Monday the government will provide Algoma Steel in Sault Ste. Marie up to $420 million to become the “greenest” flat-rolled steel producer in Canada.
Source: ctv business
Feds provide up to 0M to make Algoma Steel ‘greenest’ steel producer

Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share.
Source: ctv business
CMHC changes underwriting practices on mortgage loan insurance

Talks among members of the OPEC cartel and allied oil producing countries broke off Monday in the midst of a standoff with the United Arab Emirates over production levels.
Source: ctv business
OPEC oil alliance at impasse between Saudi Arabia and UAE

New data from the Bank of Canada show hiring intentions among businesses have hit an all-time high and workers’ confidence in landing a job has rebounded nearly to pre-pandemic levels.
Source: ctv business
Hiring intentions hit all-time high in Bank of Canada business outlook survey