Direct Loan Canada Blog

The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesday that authorizing a multi-million-dollar payment to hackers was the right thing to do to bring an end to fuel shortages affecting much of the eastern United States.
Source: ctv business
Pipeline CEO: Ransom payment among my ‘toughest decisions’

The future of commuting to work may look very different in a post-pandemic world according to a new survey that found nearly a third of Canadians want their commute to be less than 15 minutes.
Source: ctv business
Two thirds of Canadians want hybrid model or a 15-minute commute to work after pandemic

The European Union’s chief Brexit negotiator says the bloc is ready to act ‘firmly and resolutely’ if the U.K. fails to honour its commitments under the divorce deal that was supposed to keep trade flowing after Britain left the EU.
Source: ctv business
EU says it will act ‘firmly’ if U.K. doesn’t honour Brexit deal

Calgary-based Enbridge says proceeds from the sale will be used to repay short-term debt and is expected to be neutral to distributable cash flow per share.
Source: ctv business
Caisse company to own natural gas distributor Energir after .14B deal with Enbridge

Envoys from World Trade Organization member nations are taking up a proposal to ease patents and other intellectual property protections for COVID-19 vaccines to help developing countries fight the pandemic, an idea backed by the Biden administration but opposed in other wealthy countries with strong pharmaceutical industries.
Source: ctv business
WTO panel considers easing protections on COVID-19 vaccines

CTV News’ Chief Financial Commentator Pattie Lovett-Reid discusses the latest data on mortgage and consumer debt.
Source: ctv business
Pattie Lovett-Reid: Why mortgage debt is now the focus for many Canadians

Stocks swayed between small gains and losses in afternoon trading on Wall Street Tuesday while investors continue searching for direction as the economy recovers from its pandemic slump.
Source: ctv business
Stocks wobble as investors seek direction amid recovery

The U.S. Justice Department has recovered most of a multimillion-dollar ransom payment made to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, officials said Monday.
Source: ctv business
U.S. recovers most of ransom paid after Colonial Pipeline hack

With some of the toughest pandemic-related travel restrictions in the country, tourism operators on the East Coast have had to rejig operations or risk sinking.
Source: ctv business
‘We can’t lose more money:’ East Coast tourism operators brace for slow season, again

Well Health Technologies Corp. said Monday it will be the largest private-sector operator of outpatient medical clinics in Canada, with one of the country’s largest networks of physicians, when it closes a deal to buy MyHealth Partners Inc.
Source: ctv business
With 6.3M deal, Vancouver-based Well Health to become largest private clinic operator in Canada