Direct Loan Canada Blog

Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. They’re also, thanks to the rabid reception among investors coupled with the companies’ fuzzy profit outlooks, the latest meme stocks.
Source: ctv business
Trump Media, Reddit surge despite questionable profit prospects, taking on the ‘meme stock’ mantle

Britain said on Wednesday that post-Brexit trade arrangements with Canada that enable its carmakers to avoid high tariffs there were likely to expire next week, marking the latest deterioration in trade ties between the historic allies.
Source: ctv business
U.K. says rules of origin deal with Canada probably won’t be extended

Canada’s main stock index gained almost 200 points Wednesday on broad-based strength led by base metals and industrials, while U.S. markets also rose.
Source: ctv business
S&P/TSX composite up nearly 200 points Wednesday, U.S. markets also rise

South Carolina has collected about US$1.8 billion in a bank account over the past decade and state and private accountants are still trying to figure out where the cash came from and where it was supposed to go.
Source: ctv business
South Carolina has US.8 billion but doesn’t know where the money came from or where it should go

After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete.
Source: ctv business
With completion in sight, what’s next for the Trans Mountain pipeline project?

Two northern Ontario gold mines are planning to become one creating “one of the largest and lowest cost gold mines in Canada” and saving US$515 million over the life of the operations.
Source: ctv business
Two northern Ont. gold mines to merge, creating one of Canada’s largest

In Canada’s six largest cities, 2023 started with stagnated housing construction, with a 20 per cent drop in the construction of single-detached homes compared to the year before.
Source: ctv business
Housing construction starts stagnant in Canada’s major cities, despite growth in apartment construction: CMHC Report

Allies of Florida Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a lawsuit over who controls Walt Disney World’s governing district.
Source: ctv business
Settlement reached in lawsuit between Florida Gov. Ron DeSantis allies and Disney

A B.C. judge has given the City of Vernon 14 days to make a decision on a business licence application it has left pending without explanation for more than a year.
Source: ctv business
B.C. court finds City of Vernon’s arguments ‘without merit’ in case of 13-month licence delay

Visa and Mastercard reached an estimated US$30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices.
Source: ctv business
Visa, Mastercard reach US billion settlement over credit card fees