Direct Loan Canada Blog

A federal judge on Friday barred the NCAA from enforcing its rules prohibiting name, image and likeness compensation from being used to entice recruits, granting a request for a preliminary injunction from the states of Tennessee and Virginia and dealing another blow to the association’s ability to govern college sports and more than 500,000 athletes.
Source: ctv business
Judge rules NCAA can’t prohibit NIL from being part of recruiting

The demise of Calgary-based ultra-low-cost airline Lynx Air will mean Canadians have less choice when it comes to discount air travel and could pay higher fares, industry experts say.
Source: ctv business
Will Lynx Air’s demise mean higher airfares for Canadians?

Canada’s main stock index gained almost 100 points Friday, while U.S. markets mostly held on to their gains after soaring the day before.
Source: ctv business
Canadian stocks, S&P 500 and Dow bask in Nvidia’s ‘halo effect’ to end the week

Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.
Source: ctv business
Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway

Come Monday, Canadian travellers booked with the ultra-low-cost airline Lynx Air will be out of luck and its employees out of work.
Source: ctv business
Lynx Air is shutting down. Here’s what passengers need to know

Canadians are increasingly turning a critical eye to the handful of companies that sell the vast majority of groceries, and experts say the grocers face an uphill battle to regain consumers’ trust.
Source: ctv business
Why Canadians see the biggest grocers as the villains of food inflation

More than 1,500 shoplifting incidents were reported at LCBO outlets in Ottawa during the final three months of 2023, as Ottawa police continue to see a rise in shoplifting incidents in the capital.
Source: ctv business
1,500 shoplifting incidents reported at Ottawa LCBO locations over three months

A B.C. woman whose flight was cancelled spoke out about Flair Airlines’ refusal to rebook her on a flight operated by a competitor – something that runs afoul of passenger rights legislation.
Source: ctv business
Flair Airlines apologizes, compensates B.C. passenger after failing to follow new law

Lynx Air announced Thursday that it has filed for creditor protection from the Court of King’s Bench of Alberta. The airline said in a release that it will cease operations at midnight, Monday, Feb. 26, with flights continuing until then.
Source: ctv business
Lynx Air files for creditor protection, ceasing operations on Feb. 26

Vice Media will stop publishing content on its website and lay off several hundred staffers, CEO Bruce Dixon announced Thursday in a memo to staff.
Source: ctv business
Vice to lay off hundreds of staffers, stop publishing content on its website