Direct Loan Canada Blog

Cineplex Inc. says its sale of Player One Amusement Group has been completed. The movie theatre chain announced the sale in November of its arcade game business to OpenGate Capital.
Source: ctv business
Cineplex completes sale of Player One Amusement Group to OpenGate Capital

Indigo Books & Music Inc. says it has received a proposal to take the retailer private from Trilogy Retail Holdings Inc. and Trilogy Investments L.P., holding companies of Gerry Schwartz which already own 56 per cent of the company.
Source: ctv business
Indigo receives privatization offer from Gerald Schwartz

Disney on Thursday appealed a judge’s dismissal of its free speech lawsuit over what it described as Gov. Ron DeSantis’ retaliatory takeover of Walt Disney World’s governing district, as the Florida governor separately called any appeal ‘a mistake.’
Source: ctv business
Disney appeals dismissal of free speech lawsuit as DeSantis says company should ‘move on’

Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the ‘year of efficiency.’
Source: ctv business
Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

A second contractor said Thursday that it has reached a $25 million settlement over its role in Flint, Michigan’s lead-contaminated water scandal that officials say caused learning disabilities in scores of children and other medical problems among adults in the majority Black city.
Source: ctv business
Firm announces US M settlement over role in Flint, Michigan, lead-tainted water crisis

Canada Goose Holdings Inc. said further price increases are on the table even as buyers rethink their spending choices amid higher inflation and interest rates over the past two years.
Source: ctv business
Canada Goose eyes price hikes as budgets tighten at home but business booms in China

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage.
Source: ctv business
Interest rates not to blame for housing crisis, Macklem says

Many Canadians “lack a financial cushion” according to a new Angus Reid survey, which found majority of respondents under 55 could not handle an unexpected expense of more than $1,000.
Source: ctv business
Unexpected ,000 expense too much for most Canadians under 55: new survey

Canada’s main stock index was little changed in late-morning trading as gains in the industrial, base metal and telecommunication sectors were offset by losses in the financial and technology stocks.
Source: ctv business
Canada’s main stock index little changed in late-morning trading, U.S. stock markets up

The United Kingdom’s central bank kept its main interest rate at a near 16-year high of 5.25 per cent on Thursday and indicated that borrowing costs have probably peaked.
Source: ctv business
Like the U.S. Fed, Bank of England is edging toward interest rate cuts – but not quite yet