Direct Loan Canada Blog

Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict the economy by raising interest rates from already-record highs.
Source: ctv business
Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom

A new law in California will raise the minimum wage for fast food workers to US$20 per hour next year, an acknowledgment from the state’s Democratic leaders that most of the often overlooked workforce are the primary earners for their low-income households.
Source: ctv business
New California law raises minimum wage for fast food workers to US per hour, among nation’s highest

A winning lottery ticket always comes with some sort of prize, but this month it was revealed that not only had the Lotto 6/49 jackpot reached $68 million for the first time in history, but that it was guaranteed to go to the next winning ticket. Here’s how that happened.
Source: ctv business
How the million Gold Draw jackpot got up to its maximum

A new forecast from Deloitte predicts that Canada’s economic struggles will begin to ease next year and by 2025 the Bank of Canada may even begin cutting the key lending rate.
Source: ctv business
Why no ‘deep, dark recession’ is expected in Canada

A Canadian class-action lawsuit alleges the effectiveness of Cold-FX products was falsely advertised, and seeks compensation for anyone who bought the products.
Source: ctv business
Class-action lawsuit seeks compensation for Canadian consumers who bought Cold-FX products

Shares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering.
Source: ctv business
Aurora Cannabis to raise .8M in share offering, plans to repay convertible debt

The curtain is finally coming down on Netflix’s once-iconic DVD-by-mail service, a quarter century after two Silicon Valley entrepreneurs came up with a concept that obliterated Blockbuster video stores while providing a springboard into video streaming that has transformed entertainment.
Source: ctv business
Netflix’s DVD-by-mail service bows out as its red-and-white envelopes make their final trip

GameStop named billionaire Ryan Cohen as its CEO and chairman on Thursday, tightening the activist investor’s grip on the ailing brick-and-mortar videogame retailer that he intends to turn around.
Source: ctv business
GameStop names billionaire as CEO in turnaround push

Canada’s near-term economic struggles will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new forecast from Deloitte Canada said.
Source: ctv business
Canadian economy to get ‘back on its feet’ next year, Deloitte Canada says

Share trading of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong on Thursday, according to a notice on the Hong Kong stock exchange.
Source: ctv business
Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong