Dana Naye fights critics with lawsuit

Dana Naye Ventures is suing several government agencies for publishing a report criticizing its professionalism and lending practices.

Dana Naye Ventures is suing several government agencies for publishing a report criticizing its professionalism and lending practices.

The Business Development Bank of Canada, Indian and Northern Affairs and the Canadian Northern Economic Development Agency are alleged to have made defamatory comments in a November 2009 study of economic conditions in the Yukon, says Dana Naye’s statement of claim.

The report was published for “improper purposes and with indifference to, and reckless disregard for the truth,” says the claim, filed Monday.

The alleged defamation includes criticism of Dana Naye’s employees and the quality of its financial advice.

Dana Naye is a not-for-profit lending institution providing loans for small and medium sized businesses in the Yukon.

Dana Naye has a “high staff turnover” that would indicate “management problems,” says the statement of claim, quoting the report.

“Manager’s frequent absence from the office and a dysfunctional board of directors were cited as issues,” is another report statement the claim refers to.

Remarks like, “Management and staff are not very sophisticated,” and “staff lacks experience, which often leads to wrong advice being given to clients,” are also defamatory, says Dana Naye.

The report appears to have been written for government eyes only. It was written for either INAC or Cannor by the Business Development Bank of Canada, said Rod Nickel, the bank’s manager in Whitehorse.

Nickel would not release a copy of the report to the public.

A message to Indian Affairs was referred to Cannor spokesperson Bonnie Venton Ross, who was not able to provide comment by press time.

On May 21, Dana Naye sent a letter to Indian Affairs demanding a list of everyone who received the study, an apology and a retraction of the defamatory statements.

Dana Naye did not receive a response and went ahead with their suit.

The report delved into the financial nitty-gritty of Dana Naye’s borrowing practises, which allegedly included some more defamatory statements.

The loan process is “too cumbersome” and “Dana Naye Ventures charges too high an interest rate and its reporting requirements are too demanding,” the claims quotes the report.

The study even included unattributed conclusions.

“There are rumours that YTG is pulling it’s business advisory contract with Dana Naye Ventures for areas north of Whitehorse due to poor delivery,” the report is alleged to say.

The report also claimed Dana Naye favours aboriginal businesses and graduates from its own training programs. These are also defamatory, says Dana Naye.

Dana Naye general manager Elaine Chambers did not return several requests for comment.

They received $2.5 million in funding to administer loans from Indian and Northern Affairs in 2007.

Companies such as Northerm and Air North have benefitted from Dana Naye investments in the past.

Contact James Munson at

jamesm@yukon-news.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Chloe Tatsumi dismounts the balance beam to cap her routine during the Yukon Championships at the Polarettes Gymnastics Club on May 1. (John Tonin/Yukon News)
Gymnasts vie in 2021 Yukon Championships

In a year without competition because of COVID-19, the Polarettes Gymnastics Club hosted its Yukon Championships.

Yukonomist Keith Halliday
Yukonomist: Yukon Budget 2.0

If the banks that finance the Yukon’s growing debt were the only… Continue reading

Yukon Supreme Court Chief Justice Suzanne Duncan dismissed an application on May 3 seeking more transparity on the territory’s state of emergency declaration. (Joel Krahn/Yukon News file)
Supreme Court rules confidential memo can’t be used in challenge of state of emergency

Court upholds cabinet confidentiality after request to use internal government memo as evidence.

XX
WYATT’S WORLD

Wyatt’s World for May 7, 2021.… Continue reading

The deceased man, found in Lake LaBerge in 2016, had on three layers of clothing, Dakato work boots, and had a sheathed knife on his belt. Photo courtesy Yukon RCMP
RCMP, Coroner’s Office seek public assistance in identifying a deceased man

The Yukon RCMP Historical Case Unit and the Yukon Coroner’s Office are looking for public help to identify a man who was found dead in Lake LaBerge in May 2016.

Yukon Zinc’s Wolverine minesite has created a mess left to taxpayers to clean up, Lewis Rifkind argues. This file shot shows the mine in 2009. (John Thompson/Yukon News file)
Editorial: The cost of the Wolverine minesite

Lewis Rifkind Special to the News The price of a decent wolverine… Continue reading

Letters to the editor.
Today’s mailbox: border opening and Yukon Party texts

Dear Premier Sandy Silver and Dr Hanley, Once again I’m disheartened and… Continue reading

Fire chief Jason Everett (Crystal Schick/Yukon News file)
City launches emergency alert system

The city is calling on residents and visitors to register for Whitehorse Alert

Two young orienteers reach their first checkpoint near Shipyards Park during a Yukon Orienteering Association sprint race May 5. (John Tonin/Yukon News)
Orienteers were back in action for the season’s first race

The Yukon Orienteering Association began its 2021 season with a sprint race beginning at Shipyards.

Whitehorse City Hall (Yukon News file)
City news, briefly

A look at issues discussed by Whitehorse city council at its May 3 meeting and the upcoming 20-minute makeover.

Deputy Prime Minister Chrystia Freeland met with MP Larry Bagnell and representatives from the Tourism Industry Association via Zoom on May 4. (Facebook)
Deputy Prime Minister Chrystia Freeland met with MP Larry Bagnell and representatives from the Tourism Industry Association via Zoom on May 4. (Facebook)
Deputy Prime Minister talks tourism in “virtual visit” to the Yukon

Tourism operators discussed the budget with Freeland

Polarity Brewing is giving people extra incentive to get their COVID vaccine by offering a ‘free beer’ within 24 hours of their first shot. John Tonin/Yukon News
Polarity Brewing giving out ‘free’ beer with first COVID vaccination

Within 24 hours of receiving your first COVID-19 vaccine, Polarity Brewing will give you a beer.

Most Read