Direct Loan Canada Blog

Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees.
Source: ctv business
HP Enterprise discloses hack by suspected state-backed Russian hackers

Renowned furniture retailer Bad Boy Furniture is officially bankrupt. Back in November, the Toronto-area company filed a notice of intention under the Bankruptcy and Insolvency Act, citing the goal to restructure its business.
Source: ctv business
It’s official, Bad Boy Furniture is bankrupt

Cineplex is facing a pair of proposed class-action lawsuits in two Canadian provinces for allegedly not disclosing additional booking fees when customers buy movie tickets on its website.
Source: ctv business
Canadians file two proposed class-action lawsuits against Cineplex over online fees

British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, pleaded guilty Wednesday to insider trading and conspiracy charges in New York.
Source: ctv business
British billionaire Joe Lewis pleads guilty in insider trading case

Ford is recalling about 93,000 of its Explorer vehicles in Canada due to an exterior part that may be loose, missing or become detached and create a hazard for other drivers on the road. Here’s what you need to know.
Source: ctv business
The latest recall from Ford impacts thousands of Canadian customers

Rona Inc. says it’s cutting about 300 jobs and closing two distribution centres as part of a plan to adjust its operating model and eliminate inefficiencies.
Source: ctv business
Sycamore Partners-owned Rona cutting about 300 jobs, two distribution centres

The Bank of Canada held its key interest rate at five per cent, however it warned that it’s still worried about the risk of inflation. One economist says although he expects cuts are coming in 2024, nothing is ‘preordained.’
Source: ctv business
‘The year of cuts’: Senior economist’s prediction for 2024, after Bank of Canada decision

U.S. stocks are ticking higher Wednesday, led by Netflix as customers keep signing up to watch its streaming service.
Source: ctv business
U.S. stock market: Netflix and other tech stocks pull Wall Street higher

Firehouse Subs announced Wednesday that it will offer $100,000 to current or former first responders or veterans who agree to open a location.
Source: ctv business
Firehouse Subs pitches first responders, vets in opening restaurants as rivals circle

Manulife Financial Corp. says it has reached a deal to offer Aeroplan loyalty points to group benefits members through its new digital platform.
Source: ctv business
Manulife to offer Aeroplan points to group benefits members