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Canada

Canadian Factoring Industry Volume Figures for 1999

Company Volume Factored in $ millions Percentage Increase from 1998 Percentage of Industry Total Volume Non Recourse Factors Accord Business Credit Inc 762 -1.2% 26.3% GMAC Commercial Credit Corp 740 -5.1% 25.6% Brome Financial Corp Inc 100 -20% 3.5% Recourse Factors GMAC Commercial Credit Corp 285 9.6% 9.8% Brome Financial Corp Inc 230 2.2% 7.9% Morrison Financial Services Ltd 200 60% 6.9% Montcap Financial Corp 147 110% 5.1% Riviera Finance 100 42.9% 3.5% TCE Capital 100 150% 3.5% Reservoir Capital 60 50% 2.1% First Vancouver Factors 50 66.6% 1.7% Interface...

Impact of EDC Joint-Venture Still Unclear

The Canadian Factoring Association was brought into being to lobby the government and the Export Development Corporation (EDC). In the…

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