Direct Loan Canada Blog

A former Theranos executive learns Wednesday whether he will be punished as severely as his former lover and business partner for peddling the company’s bogus blood-testing technology that duped investors and endangered patients.
Source: ctv business
Elizabeth Holmes’ former partner faces sentencing in Theranos case

The Bank of Canada has raised its overnight rate by 50 basis points to 4.25 per cent, marking its seventh rate hike in nine months. The last time the bank’s policy rate was this high was in January 2008.
Source: ctv business
Bank of Canada raises key interest rate to 4.25 per cent, its highest since 2008

Amid rising interest rates, more homeowners are seeking longer amortizations periods. But some industry experts warn that increasing amortization periods are only a Band-Aid solution for a much deeper financial wound — one that more time won’t necessarily heal.
Source: ctv business
Amortization extensions open questions about home affordability

A British Columbia Supreme Court judge has upheld more than $343,000 in cost-recovery fines that were handed to a forestry company for starting a wildfire in 2016.
Source: ctv business
B.C. forestry company must pay 3K fine for starting 2016 wildfire, court rules

Amid rising interest rates, Canadians with fixed-rate mortgages may be faced with much higher monthly payments upon renewing their agreement. If your mortgage will soon be up for renewal and you want to share your concerns, CTVNews.ca wants to hear from you.
Source: ctv business
If your fixed-rate mortgage is up for renewal soon, we want to hear from you

Canadians’ budgets are being stretched thin as the cost of living climbs — and to compensate, some are taking on a side hustle.
Source: ctv business
Canadians look to side hustles to make up for inflation pressure, but at what cost?

The Prada fashion house began charting a line of succession on its business side, announcing Tuesday that it is tapping a former LVMH executive as its next CEO and confirming that Miuccia Prada will continue in her creative roles.
Source: ctv business
Prada charts line of business succession, tapping new CEO

A former director of quality and compliance at CannTrust Holdings Inc. says he warned the company’s chief executive that Health Canada could levy penalties if the firm grew pot in unlicensed rooms at its Niagara, Ont. facility.
Source: ctv business
CannTrust CEO was warned over illicit pot growing: former compliance worker

Canada’s merchandise trade surplus grew to $1.2 billion in October as a depreciation in the Canadian dollar helped lift the value of both exports and imports, Statistics Canada said Tuesday.
Source: ctv business
Canada posts .2B merchandise trade surplus for October: Statistics Canada

Slack Chief Executive Officer Stewart Butterfield plans to leave the workplace messaging platform in January, parent company Salesforce Inc said on Monday. Lidiane Jones, who is the senior vice-president of product management for Salesforce Commerce Cloud, will take over as CEO of Slack, a company spokesperson said.
Source: ctv business
Slack CEO Stewart Butterfield leaving company January 2023