Direct Loan Canada Blog

The Bank of Canada released a summary of its Governing Council meetings on Wednesday, providing the public and financial institutions with more insight into the central bank’s decision to raise its key interest rate on Jan. 25.
Source: ctv business
Bank of Canada releases details on interest rate decision for the first time

The parent company of the master franchisee of Tim Hortons coffee shops in China says it has signed a deal for the exclusive development of Popeyes in mainland China and Macau.
Source: ctv business
Tim Hortons master franchisee in China enters deal to develop Popeyes in China

While audiences rush back to theatres to catch ‘Avatar: The Way of Water’ on pricey Imax screens, the head of Cineplex Inc. says he’s open to ‘experiments’ with cheaper tickets for some movies if they might lure back people who are staying home.
Source: ctv business
Premium tickets or discounts? Cineplex CEO ‘experiments’ with ticket price

Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency. Much of Asia’s electricity use will be in China, a nation of 1.4 billion people.
Source: ctv business
Asia set to use half of world’s electricity by 2025, new report says

Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform.
Source: ctv business
How much Canadians have fallen behind amid high inflation and who’s hurting the most

The Bank of Canada will release a summary of its deliberations on the latest interest rate hike later today, the first time the central bank is giving Canadians a peek behind the curtain into its decision-making process.
Source: ctv business
Bank of Canada to publish summary of interest-rate deliberations for the first time

A Russian man who is a U.S. permanent resident has been charged in an indictment unsealed Tuesday with violating U.S. sanctions and committing money laundering.
Source: ctv business
Associate of Russian oligarch accused of violating sanctions

Zoom is cutting about 1,300 jobs, or approximately 15% of its workforce. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. Yuan said Zoom grew three times in size within 24 months to manage demand.
Source: ctv business
Big tech job cuts keep coming; Zoom latest to trim headcount

Canada posted a merchandise trade deficit of $160 million in December as both exports and imports fell compared with November, Statistics Canada said Tuesday.
Source: ctv business
Statistics Canada reports merchandise trade deficit 0 million in December

A new poll finds one-third of Canadian households say their financial situation has worsened over the last year. According to a Leger poll commissioned by the Association for Canadian Studies, 34 per cent of Canadian households say they’re financially worse off compared with a year ago.
Source: ctv business
One-third of households say they’re financially worse off compared to year ago: poll