Direct Loan Canada Blog

The Minnesota Court of Appeals on Monday affirmed state regulators’ key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute that drew over 1,000 protesters to northern Minnesota last week.
Source: ctv business
Minnesota court affirms approval of Enbridge’s Line 3 oil pipeline

Bitcoin climbed above US$40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk.
Source: ctv business
Bitcoin tops US,000 after Musk says Tesla could use it again

Statistics Canada says manufacturing sales fell 2.1 per cent to $57.1 billion in April as the auto industry was hurt by a continued shortage of semiconductor chips that prompted companies to halt or slow production.
Source: ctv business
Manufacturing sales fell 2.1 per cent in April as chip shortage hurt auto industry

U.S. President Joe Biden has vowed to mend America’s trade relations with its European allies, which were stretched to the breaking point by President Donald Trump’s mercurial behaviour, combative policies and aversion to multinational alliances.
Source: ctv business
Odds of settling U.S.-EU trade rifts? Hope may outrun progress

German authorities have launched proceedings against Telegram that could see the messenger app’s operators fined for failing to abide by laws requiring social media sites to police their users’ actions.
Source: ctv business
Germany seeks to fine operators of Telegram messenger app

Canada’s cannabis industry, banking on the chance to expand into the United States, is nervously eyeing the American political calendar and the Biden administration’s narrow legislative window to ease federal prohibitions on recreational marijuana.
Source: ctv business
Canadian producers hoping U.S. eases cannabis prohibitions nervously eyeing calendar

Stocks fell on Wall Street Monday in a sluggish start to the week as investors await the latest take from the Federal Reserve on inflation.
Source: ctv business
Stocks slip on Wall Street, pulling S&P 500 below record

Lebanon’s local currency hit a new record low on Sunday, with the country’s economic and political crisis worsening with no apparent solutions in the near future.
Source: ctv business
Lebanon’s currency plumbs new record lows as crisis deepens

Restaurant owners say food delivery apps have taken too big a bite out of their revenues for too long.
Source: ctv business
Restaurants press to keep delivery app caps as they rebound from pandemic

Almost three dozen Canadian pharmaceutical companies made a direct appeal to Prime Minister Justin Trudeau last month to delay the new drug pricing regulations for a third time.
Source: ctv business
Canadian drug companies want new pricing regs delayed again until after pandemic