Direct Loan Canada Blog

Roots Corp. reported a first-quarter loss of $8 million compared with a loss of $5.3 million a year earlier, as its sales edged down on lower demand for its popular sweatpants.
Source: ctv business
Retailer Roots reports M Q1 loss, sales down from year ago

Stocks are drifting in mixed trading Thursday, continuing this week’s lull as Wall Street waits for several big events next week.
Source: ctv business
Stock market today: Wall Street drifts as investors await inflation data, Fed; GameStop tumbles

Workers at the Barnes & Noble in Manhattan’s Union Square, one of the retail chain’s signature stores and home to its corporate offices, have voted to unionize.
Source: ctv business
Workers at Barnes & Noble in Manhattan’s Union Square vote to unionize, continuing trend

Dollarama Inc. enjoyed a 21 per cent year-over-year jump in sales in its latest quarter as the discount retailer scooped up consumers seeking cheaper products amid high inflation.
Source: ctv business
Dollarama profits skyrocket as consumers visit more often — for bigger purchases

The Bank of Canada’s latest decision to raise its key interest rate comes at a time when many are struggling to afford their homes. CTVNews.ca wants to hear from people in Canada who are going to great lengths to find affordable housing.
Source: ctv business
Have rising home prices driven you to leave Canada? We want to hear from you

With the latest hike bringing Canada’s key interest rates to levels not seen since 2001, one mortgage broker is warning that it may be ‘the last straw’ for some homeowners with variable mortgages.
Source: ctv business
Rate hike ‘may be the last straw’ for some homeowners: mortgage broker

A marketing campaign by oil major Shell has been banned by the U.K.’s advertising watchdog Wednesday for implying a big proportion of its business was in low carbon energy even though fossil fuels make up the ‘vast majority’ of its operations.
Source: ctv business
Shell’s clean energy advertising campaign is misleading, U.K. watchdog says

Irving Oil says it’s undertaking a “strategic review” with an eye to its future. In a release Wednesday, the company says it’s looking at a number of options, including the sale of its assets.
Source: ctv business
Irving Oil weighing its options, including the possible sale of its assets

The Turkish lira tumbled to a fresh record low Wednesday, extending its slide against the U.S. dollar since President Recep Tayyip Erdogan started his third term.
Source: ctv business
Turkish lira declines to record lows following start of Erdogan’s new presidential term

Indigo founder Heather Reisman announced she is retiring as almost half of the book retailer’s board of directors steps down.
Source: ctv business
Indigo founder Heather Reisman retires, almost half of board steps down