Direct Loan Canada Blog

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network was arrested Thursday on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business.
Source: ctv business
Founder of failed crypto lending platform Celsius Network arrested on fraud charges

The strike at British Columbia’s ports is ending after both sides accepted the terms of a proposed deal recommended by a federal mediator.
Source: ctv business
Tentative deal reached in B.C. port strike, ending 13-day work stoppage

The Bank of Canada’s interest rate hike on Wednesday and prospects of more increases heighten risks to mortgage lenders as homeowners are likely stay in debt longer, struggling to make higher payments or pay even the interest portion of their home loans, investors and analysts said.
Source: ctv business
Bank of Canada’s record tightening campaign exposes lenders’ mortgage risks

A U.S. appeals court on the West Coast opened a docket on Thursday on the U.S. Federal Trade Commission’s effort to overturn its loss trying to stop Microsoft from buying ‘Call of Duty’ maker Activision.
Source: ctv business
U.S. appeals court opens docket on FTC effort to overturn loss on Microsoft deal

The Supreme Court of Canada will not hear a challenge of legislation that allows account information held by Canadian financial institutions to be shared with U.S. authorities.
Source: ctv business
Supreme Court won’t examine sharing of Canadian bank account info with U.S.

A new report says the average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes, population expansion and low unemployment.
Source: ctv business
Average asking price for Canadian rental unit hits record high in June: Rentals.ca

The Bank of Canada has raised its key interest rate again in an effort to bring down inflation, which remains above its target of two per cent year-over-year. But why does the bank believe a two per cent target is best?
Source: ctv business
Why does the Bank of Canada have a 2-per-cent inflation target?

A former Jenny Craig employee in Edmonton expects to lose tens of thousands of dollars due to the company filing for bankruptcy.
Source: ctv business
Jenny Craig bankruptcy leaves former Alta. employee out thousands: ‘I feel traumatized’

In a major reversal, Domino’s Pizza said Wednesday it’s partnering with Uber Eats to make deliveries in the U.S. and 27 international markets. While franchisees in a handful of international markets like the Netherlands have been working with third-party apps for years, Domino’s has long said that partnering with delivery companies didn’t make economic sense in its 6,600 U.S. stores.
Source: ctv business
Domino’s signs deal with Uber Eats in a bid to make more dough

San Francisco’s 127-year-old Anchor Brewing Co. will shut down and liquidate after years of declining sales, citing tough economic conditions.
Source: ctv business
Pioneering Anchor Brewing Co. to halt operations after 127 years with beer sales in decline