Direct Loan Canada Blog

The Black owner of 14 McDonald’s franchises in Ohio says one of the world’s largest restaurant chains has shown more favourable treatment to white owners and denied him the opportunity to buy restaurants in more affluent communities, according to a civil rights lawsuit filed Tuesday in federal court in Youngstown.
Source: ctv business
Black franchise owner sues McDonald’s, cites persistent bias

Adidas says it will offload struggling U.S. fitness brand Reebok as part of a strategic overhaul.
Source: ctv business
Adidas is selling Reebok to focus on its own brand

Marriott Chief Executive Arne Sorenson, who began limiting his schedule this month to pursue a more aggressive cancer treatment, has died. He was 62.
Source: ctv business
Marriott CEO Arne Sorenson, 62, dies of pancreatic cancer

Air Canada’s acquisition of Transat AT Inc. is up in the air after Canada’s largest airline said it will not allow more time for the deal to go through.
Source: ctv business
Air Canada, Transat deal up in the air as deadline expires

Canadians didn’t let COVID-19 or a lack of housing supply stop them from flocking to the real estate market in January as they snatched up a record number of homes and shelled out more than they had in previous years.
Source: ctv business
January home sales hit new record for the month as prices also post record high

The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above US$50,000 for the first time.
Source: ctv business
Bitcoin, seemingly omnipresent, crosses the US,000 mark

Canada’s main stock index was up in late-morning trading, boosted by gains in the energy and metals and mining sectors, while the health-care sector, which includes the big cannabis companies, also climbed higher.
Source: ctv business
Resources sectors help lead Toronto market higher, U.S. stock markets also climb

‘We’re all in this together’ has been a common refrain since the arrival of the COVID-19 pandemic last March, but the yawning chasm between dismal economic data and soaring stock market valuations suggests some Canadians are doing much better than others.
Source: ctv business
Overheated stock market at risk of bubble in a disconnect from economy, experts say

Bitcoin-based exchange traded funds are getting the go-ahead from Canadian regulators, creating a path for a fund structure that investment managers say is unique in the industry.
Source: ctv business
Canadian funds move forward with Bitcoin ETFs after regulatory jockeying

Statistics Canada says manufacturing sales rose 0.9 per cent to $54.2 billion in December, led by sales of wood products, transportation equipment, and petroleum and coal products.
Source: ctv business
Manufacturing sales hit .2 billion in December as renos push up lumber prices