Direct Loan Canada Blog

Auto sales last month totalled 164,000 units, higher than April 2023, which was the weakest month for sales last year.
Source: ctv business
April auto sales jump 14 per cent; still below pre-pandemic levels: DesRosiers

London Drugs stores in Western Canada remained closed Thursday morning due to a “cybersecurity incident,” marking the fifth straight day of closures.
Source: ctv business
London Drugs stores remain closed for 5th straight day, phone lines operating

Loblaw’s new chief executive, as well as chairman Galen Weston, pushed back on what they called ‘misguided criticism’ of the grocer as a push to boycott the company gains steam online.
Source: ctv business
Loblaw leaders push back on ‘misguided criticism’ of grocer as boycott begins

Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.
Source: ctv business
TD Bank hit with .2M penalty after failing to report suspicious transactions

Bank of Canada governor Tiff Macklem says Canadian interest rates don’t have to match U.S. or global rates, but there is a limit to how much they can diverge.
Source: ctv business
There’s a limit to how much interest rates in Canada and U.S. can diverge: Macklem

Investors considering where to park their money have a choice: go with a traditional financial adviser or trust in an algorithm. Here are the pros and cons of both.
Source: ctv business
Should I invest with a human or a robot? Traditional firms vs. robo-advisors

Tesla has abruptly fired the team running its electric vehicle charging business, raising doubts about the future of one of the largest U.S. charging networks, which other carmakers, such as General Motors and Ford, have said they will also use.
Source: ctv business
In surprise move, Musk axes the team building Tesla’s EV charging network

Frustration over BCE Inc.’s 4,800 job cuts earlier this year spilled over at the company’s annual general meeting on Thursday, as investors and employees questioned executives on their compensation during a period of belt-tightening for staff.
Source: ctv business
Dividend raise, CEO pay questioned at BCE annual meeting following job cuts

Frustration over BCE Inc.’s 4,800 job cuts earlier this year spilled over at the company’s annual general meeting on Thursday, as investors and employees questioned executives on their compensation during a period of belt-tightening for staff.
Source: ctv business
Dividend hike, CEO pay questioned at BCE annual meeting following job cuts

Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country’s largest carrier hopes to ramp up ticket sales to corporate customers instead.
Source: ctv business
Air Canada pins hopes on business travellers after profits fall