Direct Loan Canada Blog

Shopify’s CEO says the Canadian Revenue Agency is asking that the e-commerce company submit records of all of its Canadian stores from the last six years.
Source: ctv business
Shopify vows to fight CRA request to hand over records from more than 121,000 Canadian businesses

As elevated interest rates hit the housing market, some people have been have been extending their amortization period out several decades and are only paying interest on their homes.
Source: ctv business
What happens if you only pay interest on your home?

Ford Motors to receive up to a US$9.2 billion federal loan for electric vehicles’ battery plants planned in Tennessee and Kentucky. This would be the biggest award under the U.S. Department of Energy’s loan program.
Source: ctv business
Tennessee, Kentucky battery plants for Ford electric vehicles on track for .2B federal loan

BCE Inc.’s media arm is asking the federal telecommunications regulator to waive local news and Canadian programming requirements for its television stations, saying its obligations are based on outdated market realities.
Source: ctv business
Bell asks CRTC to drop local news requirements after mass layoffs

Netflix Canada is done with being basic. The streaming giant says it’s phasing out the $9.99 ‘basic’ option from its price plans, taking away the cheapest subscription without ads.
Source: ctv business
Netflix phases out ‘basic’ streaming plan from its subscription options in Canada

President Joe Biden and Prime Minister Narendra Modi on Friday opened the final day of the Indian prime minister’s four-day U.S. visit by meeting top American and Indian executives as the leaders look to increase cooperation on artificial intelligence, semiconductor production and space.
Source: ctv business
Biden and Modi meet Apple, Google CEOs and other executives as Indian premier wraps state visit

A new sign popping up at Loblaw-owned stores across the country is raising eyebrows and concerns about possible racial profiling.
Source: ctv business
New receipt checks at Loblaw-owned stores raising eyebrows, concerns about racial profiling

Online publisher Vice Media will be sold to a consortium led by Fortress Investment Group after the bankruptcy court approved its $350-million bid on Friday. The offer is in the form of a credit bid.
Source: ctv business
Vice Media to be acquired by Fortress-led lender group for 0M

Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly.
Source: ctv business
A dip in inflation may not be enough to stop the BoC from raising rates next month

New rules prohibiting wage-fixing and no-poaching agreements kick in Friday in an effort to crack down on companies undermining competition at employees’ expense.
Source: ctv business
Five things to know about Canada’s new wage-fixing and no-poaching prohibitions