Direct Loan Canada Blog

The Bank of Canada held its policy rate at 5 per cent on Wednesday, citing continued concerns about the inflation outlook. The bank has held its rate at 5 per cent since last July.
Source: ctv business
Bank of Canada holds interest rate at 5 per cent

Tucked away on Commercial Drive, Loula’s Taverna is a little Greek oasis in the heart of East Vancouver. And the restaurant was recently fined $10,000 for allowing patrons to dance.
Source: ctv business
Restaurant’s hefty fine for dancing customers sparks discussion on updating B.C. liquor laws

Attorneys for Meta Platforms are asking a Delaware judge to dismiss a shareholder lawsuit alleging the company has deliberately failed to protect users from human trafficking and child sexual exploitation.
Source: ctv business
Meta attorneys ask judge to dismiss shareholder suit alleging failure to address human trafficking

Ontario Premier Doug Ford says the people ‘need a break’ from high interest rates, a day before the Bank of Canada announcement.
Source: ctv business
‘People are hurting’: Premier Doug Ford calls on Bank of Canada to lower interest rates

Source: ctv business
Canfor Corp. reports 7-million loss in fourth quarter after ‘challenging’ 2023

Several customers with the Bank of Montreal are raising red flags about what they call inadequate security measures within the bank’s online banking infrastructure after scammers gained access to their accounts
Source: ctv business
Customers voice concerns with BMO security measures after scammers gain access to their accounts

Big Tech stocks pulled Wall Street down to its worst day in three weeks. Apple was one of the heaviest weights on the market. Microsoft, Tesla and other influential stocks also sank.
Source: ctv business
Wall Street slumps to worst day in weeks; bitcoin touches record before tumbling

Canada’s financial intelligence agency says it has been hit by a cyberattack.
Source: ctv business
Financial watchdog Fintrac hit by cyberattack, classified systems not involved

The company that operates the Canadian School Book Exchange, which provides textbooks to schools across Canada, has filed for bankruptcy.
Source: ctv business
Major Canadian textbook provider files for bankruptcy

A Florida law pushed by Republican Gov. Ron DeSantis that limits diversity and race-based discussions in private workplaces is unconstitutional, a federal appeals court has ruled.
Source: ctv business
Court rules Florida’s ‘stop woke’ law restricting business diversity training is unconstitutional