Wellington Financial Fund III is now providing growth capital to U.S.-based companies, Wellington Financial LP said Wednesday.The Toronto-based specialty finance firm provides operating lines of credit, term, venture and amortizing loans up to US$50 million. Target clients generally have trailing revenues in excess of US$5 million. “There is no credit crunch at our firm,” says […]
U.S. trade gap shrinks
Continuing merger activity looks likely for the sector
Yvon Charest has been named the 2008 Quebec Financial Person of the Year by the Finance et Investissement newspaper. This is the second time the president and CEO of Industrial Alliance heads the list of Top 25 economic and financial newsmakers for the year, as compiled by the Quebec financial newspaper. He was also awarded […]
Canada posts first trade deficit since 1976
Mackenzie Balanced Fund to merge into Saxon Balanced Fund
Board denies media allegations
Canada Mortgage and Housing Corp. has granted Pacific & Western Bank of Canada approved issuer status entitling it issue NHA Mortgage Backed Securities, the bank said Tuesday.
Judgment imposes permanent injunction
Bank of Montreal has launched a new 5 Year Variable Rate Closed mortgage product that allows customers to take advantage of record low lending rates with the flexibility to lock into a fixed rate closed mortgage at anytime, the bank said Tuesday.“Recently we’ve seen an increase in the number of customers choosing a variable rate […]