Direct Loan Canada Blog

Nunavut communities on the northern tip of Baffin Island are speaking out against the proposed expansion of an open-pit iron ore mine that would include construction of a railroad, lead to more ship traffic and, hunters fear, affect wildlife.
Source: ctv business
‘Serious concern’ among Nunavut communities over iron ore mine’s proposed expansion

The great GameStop stock uprising showed the internet is shifting society’s balance of power in unanticipated ways. And the same tools that empower the little guy — allowing people to organize quickly and seemingly out of nowhere, troll powerful institutions and unleash chaos
Source: ctv business
Fight The Man: What GameStop’s surge says about online mobs

As restaurants across the country fight to survive, industry watchers say there is growing frustration over a lack of data that conclusively links restaurants to COVID-19 infections.
Source: ctv business
Frustration grows amid restaurateurs over lack of data linking industry to COVID-19

An official indicator of China’s manufacturing activity weakened for a second consecutive month in January, following outbreaks of domestic COVID-19 cases that affected the operations of some industries.
Source: ctv business
China’s manufacturing, services sectors weaken in January

Gyms and restaurants in Alberta will be able to open partially in just over a week, but some business owners feel the move doesn’t go far enough to save their livelihoods.
Source: ctv business
‘It’s not viable’: Alberta gyms say opening partially won’t save them financially

Jaydyn Carr was a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing, and now the 10-year-old investor has cashed in, making almost US$3,200.
Source: ctv business
10-year-old investor earns US,200 on GameStop shares he got for Kwanzaa

With the pandemic already affecting numerous Saskatchewan industries, border communities fear what newly implemented travel restrictions in Manitoba could mean for businesses.
Source: ctv business
Sask. border communities feeling effects of Manitoba travel restrictions

Day traders, mobilized on a Reddit chatroom, have poured about all the money they can find into the stocks of a struggling video game retailer called GameStop and a few other beaten-down companies. Their buying has swollen those companies’ share prices beyond anyone’s imagination — and, not coincidentally, inflicted huge losses on the hedge funds of the super-rich, who had placed bets that the stocks would drop.
Source: ctv business
For GameStop day traders, the moment they’ve dreamed about

Hundreds rallied in several French towns and cities Saturday in protests called by anti-capitalist and environmental groups against Amazon, including at one site where the US e-commerce giant plans a massive warehouse.
Source: ctv business
Hundreds protest Amazon expansion in France

New restrictions on flights from the Caribbean and Mexico announced Friday are likely to trigger bankruptcies in Canada’s airline sector and force permanent closures for airports and travel agencies, aviation experts say.
Source: ctv business
New travel rules the ‘nail in the coffin’ for airlines, tourism industry: experts