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Unlike most bank loans to small businesses, government loans may be unsecured. Loan guarantees – Under the Canadian Small Business Financing Act, [1] the federal government may guarantee a financial institution's loan to a small business, to a maximum of 85 percent. If the borrower defaults on a loan, the bank is protected, and therefore more ...
Canada Business Network (CBN) (French: Réseau Entreprises Canada) is a collaborative arrangement among Canadian federal government departments and agencies, provincial and territorial governments, and not-for-profit entities 1. Its aim is to provide small and medium Canadian businesses and enterprising organizations with the resources they ...
For much of the 20th century, Canada's trust companies were controlled by the major banks through interlocking directorates. However, revisions to the Bank Act in 1967 forbade individuals from sitting on a bank and trust company board simultaneously; this had been a recommendation in the 1964 Report of the Royal Commission on Banking and ...
Its stated objective is to make the Toronto region one of the most competitive and sought-after business regions in the world. It offers business services, educational programing, facilities, and events to its members, and policy advices and analysis to the governments of the City of Toronto , the Province of Ontario , and Canada , and various ...
Toronto Business Development Centre (TBDC) is a non-profit organization in City of Toronto, Ontario, Canada. Its mandate is to nurture the growth of new and emerging businesses. As a business incubator, TBDC assists entrepreneurs in navigating the challenging road of starting and developing a new business. It offers entrepreneurial training ...
A business loan is a loan specifically intended for business purposes. [1] As with all loans, it involves the creation of a debt , which will be repaid with added interest . There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans , business cash ...
The deal closed January 14, 2008, and essentially reunited the original Oppenheimer & Co. which CIBC divided into the sale to Fahnestock. [ 19 ] On February 29, 2008, CIBC Capital Markets Chairman and Chief Executive Officer Brian Shaw was replaced in both capacities by Richard Nesbitt , a former TSX Group CEO.
Services also include business licensing and permitting, property standards, and animal care including control, shelter and adoption services. [1] Toronto by-law 545 is what gives the MLS the power to license and inspect a variety of businesses in the city, in order to ensure public health, safety, consumer protection, and nuisance control.