Direct Loan Canada Blog

Canopy Growth Corp. continued its recent acquisition spree and preparation for the U.S.’s potential legalization of pot with a $435-million deal to buy the Supreme Cannabis Co. Inc on Thursday.
Source: ctv business
Canopy Growth signs deal worth 5 million to buy Supreme Cannabis

The head of Royal Bank of Canada says the COVID-19 pandemic has exposed a critical need for society to become more equitable, sustainable and prepared to handle future challenges.
Source: ctv business
Canada needs to be more inclusive, fair and sustainable: RBC CEO

More than one in five Canadians are hoping for a home-price crash according to a new report from the Angus Reid Institute, CTV News’ Chief Financial Commentator Pattie Lovett-Reid writes in her column on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: Waiting for a real-estate market correction? What you need to know

Stocks were moderately higher in afternoon trading Thursday, helped again by large technology stocks that have benefitted from steady bond yields.
Source: ctv business
Stocks rise as steady bond yields help lift tech companies

Canada’s top banks are shedding workers for the second straight year, moving toward leaner operations to satisfy investors demanding returns on tens of billions of dollars that lenders have poured into new technologies.
Source: ctv business
Canadian banks shrink workforces as they invest heavily in technology

Long before COVID-19, Toronto’s taxi industry had been struggling to cope with skyrocketing insurance premiums and the rise of ride-sharing apps. But as the pandemic worsens in the city, a growing number of drivers are parking their vehicles for good.
Source: ctv business
Toronto’s taxi industry continues to struggle amid insurance premiums, ride-hailing apps, COVID-19

The CEO of Enbridge Inc. says the company’s ongoing battles with opponents over two of its U.S. oil pipelines will eventually be recognized in higher valuations for those assets as North American energy demand inevitably increases.
Source: ctv business
Roadblocks and protests adding value to existing pipelines, says Enbridge CEO

Canadian Manufacturers and Exporters is calling on the Ontario government to prioritize the vaccination of essential workers in the manufacturing sector.
Source: ctv business
CME calls for vaccines for essential workers in the manufacturing sector

Saks Fifth Avenue is joining a growing list of retailers and brands including Macy’s, Versace and Prada that will stop using animal fur as it reacts to a backlash from consumers.
Source: ctv business
Saks joins a growing list of retailers to go fur-free

Carnival Corp, said on Wednesday booking volumes for cruises increased in its first quarter, as pent-up demand for global travel offers hope of a turnaround for a sector decimated by the COVID-19 pandemic.
Source: ctv business
Carnival says cruise bookings accelerate on pent-up demand