Direct Loan Canada Blog

Some of Canada’s top airlines, banks and sports teams have united to pilot rapid tests identifying COVID-19 in hopes that they can find a way to reopen workplaces.
Source: ctv business
Air Canada, Rogers and Suncor part of consortium piloting rapid COVID-19 testing

Online fashion seller Asos says it has bought Topshop, which once boasted designs by Kate Moss and Beyonce, along with three other brands for 265 million pounds (US$363 million) as rivals scoop up bargains after the collapse of Britain’s Arcadia retail group.
Source: ctv business
U.K. online fashion retailer buys Topshop, three other brands

Canada’s first modern-day milkman service that delivers brand-name groceries and household goods to doorsteps in reusable packaging is set to launch in the Toronto region on Monday.
Source: ctv business
‘Milkman model’ grocery service delivers brand-name goods in reusable containers

Two San Francisco Bay Area residents have sued the fast-food chain Subway alleging that its tuna is ‘anything but tuna’ and calling it ‘tuna salad’ constitutes fraud and false advertising.
Source: ctv business
2 customers sue Subway, claiming tuna is ‘anything but tuna’

The erratic trading in shares of underdog companies like GameStop that turned markets combustible last week appears to have migrated to commodities, sending silver prices surging to an eight-year high.
Source: ctv business
Wall Street’s GameStop bug may have mutated; silver surges

Nintendo Co. reported Monday that its profit for the first three fiscal quarters nearly doubled as people around the world stayed home for the pandemic and turned to playing games.
Source: ctv business
Nintendo profits soar as people play games during pandemic

Beer sales in Germany were down 5.5 per cent last year, dragged lower by lengthy closures of bars and restaurants in the coronavirus pandemic, official data showed Monday.
Source: ctv business
German beer sales suffer as virus restrictions bite

Stocks were modestly higher in afternoon trading Monday, following a bumpy week that left the market with its worst weekly loss since October. Investors large and small continued to focus on GameStop and other stocks targeted by online traders hoping to inflict damage on hedge funds.
Source: ctv business
Stocks climb in calmer trading, while silver prices jump

Another weekend safety blitz at big-box stores across Ontario has led to 20 tickets thus far, resulting in a 59 per cent compliance rate.
Source: ctv business
59 per cent compliance rate found during safety blitz at Ontario big-box stores

After U.S. President Joe Biden revoked Keystone XL’s presidential permit and shut down construction of the long-disputed pipeline that was to carry oil from Canada to Texas, opponents of other pipelines hoped the projects they’ve been fighting would be next.
Source: ctv business
Buoyed by Keystone XL, pipeline opponents want Biden to act