Direct Loan Canada Blog

RBC says the recently announced cap on new study permits won’t lead to an outright decrease in demand for rental housing from international students this year.
Source: ctv business
Rental demand from international students will slow this year, but won’t fall: RBC

Lyft shares jumped 62 per cent after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms into a buying frenzy.
Source: ctv business
This typo caused Lyft’s shares to rocket up 62 per cent

Home sales rose in an unseasonably warm January to mark a second month of rising activity and softening prices, the Canadian Real Estate Association said Wednesday.
Source: ctv business
CREA reports January home sales jump 22% from year ago in largest gain since 2021

Members of Parliament have invited several top executives from BCE Inc. and Bell Canada to testify later this month about the company’s decision to cut about nine per cent of its workforce this year.
Source: ctv business
Bell CEO, other execs called to committee to testify over recent job cuts

Disneyland employees who perform as various Disney characters at the theme park are seeking to join the Actor’s Equity Association, which represents everything from actors on Broadway to strippers in Los Angeles.
Source: ctv business
Disneyland’s Mickey, Minnie, Donald and Goofy want to join a union

Select LCBO stores will soon require certain customers to present photo identification to security before entering as part of a pilot program that aims to combat retail theft.
Source: ctv business
No ID, no entry: LCBO launching controlled entrances pilot at 6 stores

Instacart forecast on Tuesday its first-quarter gross transaction value and core profit above analysts’ estimates, and said it plans to cut 250 jobs, or about 7 per cent of its workforce, to focus on ‘promising’ initiatives.
Source: ctv business
Grocery-delivery firm Instacart plans to cut 7% of its workforce

Kelly Toys and its Berkshire Hathaway-controlled parent company Jazwares have sued Build-A-Bear, saying its new “Skoosherz” toys copy the look and feel of their mega-popular Squishmallows products.
Source: ctv business
Plush wars? Squishmallows toy maker and Build-A-Bear sue each other over ‘copycat’ accusations

In today’s economy, crowdfunding is becoming an increasingly popular alternative. In his column for CTVNews.ca, personal finance contributor Christoper Liew outlines how crowdfunding works and why more startups are turning to it.
Source: ctv business
What small businesses should know before turning to crowdfunding

The Body Shop, the British beauty and cosmetics retail chain, said on Tuesday that it has appointed insolvency administrators after years of financial struggles.
Source: ctv business
U.K. beauty chain The Body Shop goes into administration after years of struggles