Direct Loan Canada Blog

With the markets anticipating central banks will lower interest rates next year, some fixed mortgage rates are the lowest they have been in months. But with all the economic uncertainty, new buyers and homeowners who need to renew still face some hard decisions.
Source: ctv business
Five-year fixed mortgage rates fall below 5 per cent as bond markets anticipate rate cuts

Electric scooter company Bird Global announced Wednesday that it has filed for bankruptcy protection in an attempt to stabilize its wobbly finances.
Source: ctv business
Electric scooter Bird Global steers into bankruptcy protection in bid to repair its finances

A B.C. woman who was fired over one “strongly worded” email has been awarded $81,100 in compensation for wrongful dismissal, according to a supreme court decision.
Source: ctv business
B.C. woman fired after ‘strongly worded’ email wins K for wrongful termination

A potential merger of the two media giants would create an entertainment and news juggernaut, encompassing Warner Bros. and Paramount studios as well as CBS, CNN, and other cable television assets.
Source: ctv business
Warner Bros. Discovery and Paramount CEOs discuss possible merger

BlackBerry Ltd. lost US$21 million in its third quarter, which it spent working to split up its business. The Waterloo, Ont.-based software company, which reports its earnings in U.S. dollars, says the loss for the period ended Nov. 30 compared with a net loss of US$4 million a year earlier.
Source: ctv business
BlackBerry reports loss in Q3, revenue up as it begins work to split business

Tesla has found itself locked in an increasingly bitter dispute with union workers in Sweden and neighbouring countries. The showdown pits the electric car maker’s CEO Elon Musk, who’s staunchly anti-union, against the strongly held labour ideals of Scandinavian countries.
Source: ctv business
Musk and Tesla are battling unions across Scandinavia. What comes next in the labour dispute?

Metro Inc. is accusing Loblaw Cos. Ltd. and its parent company George Weston Ltd. of conspiring to implicate them in an alleged bread price-fixing scheme.
Source: ctv business
Metro accuses Loblaw of falsely implicating it in bread price-fixing scheme

The Bank of Canada’s governing council agreed the odds of another rate hike have decreased during its discussions ahead of the interest rate decision earlier this month.
Source: ctv business
Odds of another rate hike have fallen, BoC governing council agreed as they held rate

A Calgary carbon capture company has signed a first-of-its-kind carbon offtake agreement with the federal government.
Source: ctv business
Feds sign first carbon contract for difference with Calgary-based Entropy

Mastermind Toys has warned existing gift cards for its stores won’t be accepted after Dec. 24 as the stores are set to come under new ownership in early 2024.
Source: ctv business
Mastermind Toys gift cards won’t be accepted after Christmas Eve, company warns