Direct Loan Canada Blog

The average asking rental price in Canada surpassed $2,200 to reach a record high in May, according to a new report.
Source: ctv business
Average asking rental price in Canada reaches record high: report

Shell confirms a cybersecurity incident that occurred last week targeted a vendor the company works with, not the oil and gas giant.
Source: ctv business
Shell investigation reveals vendor data breach

The European Central Bank cut its key interest rate Thursday by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors.
Source: ctv business
Europe Central Bank jumps ahead of U.S. in lowering rates, future cuts may be limited

More than 1.2 million rechargeable lights are under recall in Canada and the U.S. following a report of one consumer died as the result of a fire.
Source: ctv business
Over 1.2 million rechargeable lights are under recall for fire hazards, following one reported death

Netflix started rolling out the first major revamp of its television app in a decade on Thursday, testing changes designed to help viewers more quickly decide what they want to watch.
Source: ctv business
Netflix tests biggest TV app redesign in 10 years

Statistics Canada says the country posted a merchandise trade deficit of $1.0 billion in April.
Source: ctv business
Statistics Canada reports country posted B merchandise trade deficit for April

Quebec-based fashion retailer Simons, Italian marketplace Eataly, and a Nike flagship store are set to take over the massive vacant space previously occupied by Nordstrom at Toronto’s Eaton Centre.
Source: ctv business
Simons, Eataly, and Nike will take over space previously occupied by Nordstorm at Toronto’s Eaton Centre

The Bank of Canada lowered its key interest rate by 25 basis points, providing a glimpse of hope to mortgage holders. However, one banker says it could be a mistake for prospective homebuyers to plan their next move based on Wednesday’s announcement.
Source: ctv business
Don’t wait for the ‘perfect market’ when buying a home: expert

Lululemon Athletica Inc. says its net income reached US$321 million in its first quarter, up from US$290 million a year earlier.
Source: ctv business
Lululemon sees Q1 net income hit 1M, revenues up 10 per cent

Nvidia, Wall Street’s favourite artificial intelligence darling, is continuing to swell to staggering heights.
Source: ctv business
Nvidia surpasses Apple to become the second-largest public company in the U.S.