Direct Loan Canada Blog

The trustee appointed to manage the bankruptcies of a Victoria mortgage company and its owner has concluded that they committed “numerous offences” and operated as a “massive Ponzi scheme.”
Source: ctv business
B.C. mortgage broker ran 0-million Ponzi scheme, then fled Canada, bankruptcy trustee says

McDonald’s is fighting back against viral tweets and media reports that it says have exaggerated its price increases.
Source: ctv business
McDonald’s says US Big Mac meal was an ‘exception’ and their prices haven’t risen that much

WestJet Encore pilots could walk off the job this weekend if an agreement isn’t reached with the airline, after filing a 72-hour strike notice.
Source: ctv business
WestJet Encore pilots issue strike notice, work stoppage possible

Black passengers who were briefly ordered off an American Airlines plane in January sued the airline Wednesday, alleging that they were victims of racial discrimination.
Source: ctv business
Black men who were asked to leave a flight sue American Airlines, claiming racial discrimination

Wyloo Metals has a deal with Greater Sudbury for land to build a battery materials processing facility in the city.
Source: ctv business
Electric battery facility to be built in Sudbury, creating hundreds of jobs

Faced with elevated housing prices, half of Canadians in the country’s largest cities are considering moving to places with more affordable housing.
Source: ctv business
Canadians are eyeing moves to these cities for more affordable housing

BMO Financial Group shares came under pressure after the bank reported results that missed expectations on higher loan-loss provisions and U.S. growth issues.
Source: ctv business
BMO results miss expectations on rise in bad loans

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.
Source: ctv business
Residential mortgage debt hits .16 trillion amid slowest growth in 23 years: CMHC

National Bank of Canada reported a second-quarter profit of $906 million, up from $832 million a year earlier, and raised its dividend.
Source: ctv business
National Bank of Canada earns 6M Q2 profit, raises quarterly dividend

As Canadian consumers have increasingly soured on the major grocers, the country’s competition watchdog has turned its sights on restrictive clauses in retail leases that it says are hampering competition in the grocery sector.
Source: ctv business
Property controls a major barrier for grocery competition in Canada: experts