Direct Loan Canada Blog

Vice Media is filing for Chapter 11 bankruptcy protection, the latest digital media company to falter after a meteoric rise.
Source: ctv business
Vice Media files for Chapter 11 bankruptcy to facilitate sale

The City of Vancouver has launched a pilot project to address sexual violence in the hospitality and service industries.
Source: ctv business
Vancouver launches pilot project to address sexual harassment at bars

Wall Street appeared headed for gains early Monday ahead of a busy week in retail, with a backdrop of debt ceiling negotiations between U.S. President Joe Biden and Republican lawmakers.
Source: ctv business
Stock market today: Wall Street rises ahead of updates on U.S. shoppers

The ‘Doctor in your house’ program was launched last month by Bolivia’s capital of La Paz using a fleet of six EV’s manufactured by Quantum Motors, the country’s sole producer of electric cars, by a group of entrepreneurs who believe EVs will transform the auto industry in Bolivia, a lithium-rich country, where cheap, subsidized imported gasoline is still the norm.
Source: ctv business
Bolivian EV startup hopes tiny car will make it big in lithium-rich country

Carlos Zarate, president of the Canadian Hardwood Plywood and Veneer Association, warns of an industry in decline, but not due to falling demand for things like kitchen cabinets, decorative wood panels and furniture. Association members are unable to compete with plywood products imported from China at low prices.
Source: ctv business
Canadian plywood makers seek duties as cheap Chinese rivals carve out half the market

On Friday, Elon Musk announced that NBC Universal’s Linda Yaccarino will serve as the new CEO of Twitter. Yaccarino is a longtime advertising executive credited with integrating and digitizing ad sales at NBCU. Her challenge now will be to woo back advertisers that have fled Twitter since Musk acquired it last year for US$44 billion.
Source: ctv business
Before Musk picked Yaccarino as Twitter CEO, she challenged him on policies, and his own tweets

The Group of Seven’s top financial leaders united Saturday in their support for Ukraine and their determination to enforce sanctions against Russia for its aggression but stopped short of any overt mention of China.
Source: ctv business
G7 finance leaders vow to contain inflation, strengthen supply chains but avoid mention of China

Peloton is recalling the seat posts on more than 100,000 exercise bikes sold in Canada due to the risk of them breaking during use.
Source: ctv business
Peloton recalls faulty seat posts on more than 100,000 bikes in Canada

A Tennessee company is heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled.
Source: ctv business
Tennessee company refuses U.S. request to recall 67 million potentially dangerous air bag inflators

A group led by Josh Harris that includes Magic Johnson has agreed to buy the NFL’s Washington Commanders from longtime owner Dan Snyder and his family.
Source: ctv business
Commanders’ record sale agreed to by Snyder family, Harris group that includes Magic Johnson