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Canada

Budget offers a $70bn credit kickstart

The federal government is extending its reach into Canada's financial system in a bid to support banks and borrowers, making almost CA$70-billion in new credit available (more…)

#bank#exporters#financial institution

Credit squeeze feeds through supply chain

A rising number of businesses are reporting more difficulty getting credit at terms and prices they can accept (more…)

#bank#exporters#guarantees


Budget to ease credit woes

Canadian Finance Minister Jim Flaherty has announced he may use his budget later this month to help ease tight credit markets and…

#bank#banks#Boost


Accord announce 15% increase in third quarter earnings

Accord Financial Corp., a leading North American provider of factoring and other asset-based financial services to businesses has announced its…


Bibby Financial provides facilities to two companies

Bibby Financial Services has provided a $1.5m credit facility to a cable communications company in western Ontario. (more…)

#bank#financial services#Flexible Funding


SMEs outperform Canadian economy

A report by one of Canada s leading banks has revealed that SMEs have outperformed the Canadian economy over the last 12…


Transportation Software Company launches reward program

The Transportation Software Company (TSC) has launched a rewards program that provides factoring customers with a discount towards Dispatch-Mate operations…


Low growth prospects for Canadian factors

For the third consecutive year, the Canadian factoring industry in 2007 recorded a reduction in volume. The non-recourse factors volume…


Former real estate agent sentenced for factoring fraud

Real estate agent Raymond Joseph Laprise was sentenced Monday, having been convicted in February for defrauding factoring companies in order to secure…


Wachovia ABL arm for sale

Wachovia Capital Finance of Canada has taken the first steps to putting its Canadian activities up for sale. (more…)

#ABN AMRO#bank#Two


Wachovia appoints new Business Development Manager

Wachovia Capital Finance of Canada has appointed Ramesh Kashyap as regional business development manager. (more…)

#bank#cash-flow#CIBC


Accord announces improved second quarter and first half earnings

Accord Financial Corp., a leading North American provider of factoring and other asset-based financial services to businesses, is pleased to…

TD Bank Financial Group to acquire the Asset Based...

TD Bank Financial Group (TDBFG) is pleased to announce it has signed a definitive agreement to acquire the Asset Based…

#ABN AMRO#bank#management

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