Direct Loan Canada Blog

Parents have gifted just over $10 billion to their adult children over the past year to help with the down payment of home purchases, according to a CIBC report, with first-time buyers receiving a record average of $82,000 in help and “mover-uppers” receiving an average of $128,000.
Source: ctv business
Parents gifting kids record K average to buy first home: CIBC report

Tim Hortons’ sales are up but continue to fall short of pre-pandemic levels amid a stalled reopening that’s left office towers — and the company’s downtown locations — largely deserted.
Source: ctv business
Tale of two Tim Hortons: Suburban, rural locations busy, downtown restaurants empty

Tesla Inc on Monday neared US$1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order — 100,000 electric rental cars for Hertz.
Source: ctv business
Tesla drives toward US trillion club on record Hertz order

It’s not clear who’s in charge at Rogers Communications Inc. The telecommunications giant finds itself with two groups claiming to be in control.
Source: ctv business
Duelling Rogers boards creating uncertainty for company, CEO and Shaw deal

The Facebook Papers project represents a unique collaboration among 17 American news organizations, including The Associated Press. Journalists from a variety of newsrooms, large and small, worked together to gain access to thousands of pages of internal company documents obtained by Frances Haugen, the former Facebook product manager-turned-whistleblower.
Source: ctv business
Explainer: Just what are ‘The Facebook Papers,’ anyway?

Facebook the company is losing control of Facebook the product — not to mention the last shreds of its carefully crafted, decade-old image as a benevolent company just wanting to connect the world.
Source: ctv business
People or profit? Facebook papers show deep conflict within

Two years ago, Apple threatened to pull Facebook and Instagram from its app store over concerns about the platform being used as a tool to trade and sell maids in the Mideast.
Source: ctv business
Apple once threatened Facebook ban over Mideast maid abuse

The ousted chairman of Rogers Communication Inc. says he’ll go to the British Columbia Supreme Court in a bid to wrest back control of the company.
Source: ctv business
Edward Rogers to take battle for Rogers Communications Inc. to B.C. Supreme Court

Canadians plan to spend more on holiday shopping and visit more brick-and-mortar stores compared to last year, a new Retail Council of Canada survey has found.
Source: ctv business
Canadians plan to spend more on holiday shopping this year, survey finds

The majority of Canadian residents who received the federal Canada Recovery Benefit were continuous or repeat recipients of the now-ended aid program, An internal government analysis reveals.
Source: ctv business
Internal government analysis shows depth of reliance on now-defunct recovery benefit