Business Borrowing & LendingCanadian Lender

OnDeck Canada CEO, Neil Wechsler, New Chair of Canadian Lenders Association

New board structure to promote industry innovation, standards, and policy initiatives TORONTO, ON–The Canadian Lenders Association (CLA) today announced Neil Wechsler, CEO of leading online small business lender, OnDeck Canada, as the new Chair of the CLA’s Board of Directors. Neil’s appointment comes with a renewed vision to ensure the …

Regulatory Issues

Canadian securities regulators outline corporate governance disclosure expectations for cannabis issuers

TORONTO, ON—Securities regulatory authorities in Ontario, British Columbia, Quebec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia (the participating jurisdictions) today published guidance to help cannabis issuers strengthen their governance disclosures, including disclosure of financial interests in significant corporate transactions. The cannabis industry has experienced significant growth, along with merger and …

Equipment FinanceFinancial Results

Chesswood Announces Results for the Third Quarter 2019

TORONTO, ON–Chesswood Group Limited announced results for the third quarter and nine-months ended September 30, 2019. Through three wholly-owned subsidiaries in the U.S. and Canada, Chesswood Group Limited is North America’s only publicly-traded commercial equipment finance company focused on small and medium-sized businesses. The third quarter was an exceptionally busy …

Mergers & AcquisitionsRetail

New Investor Group to Acquire Bouclair

Will accelerate store expansion, online platform while repositioning retail footprint with a heavy investment focus in Quebec MONTREAL, QC–Alston Investments Inc., a new company formed by a group of Canadian investors with significant retail experience, today announced it has offered to acquire via an Asset Purchase Agreement a substantial portion …

Canadian Equipment Finance Fall 2019 IssueFinTech

Cloud Computing: Why You Should Ascend to the Cloud

By Travis Melchior A cautious approach to technology is understandable. You don’t want to risk-sensitive customer information falling into the wrong hands simply because you jumped onto a new trend too soon. Security is a major concern for both small and large lessors alike. Before embracing new technology, it’s understandable …

Canadian Equipment Finance Fall 2019 IssueRobotics

Robotics: Who Owns the Data?

By Brendan Read Data is money. It can be used to sell, cross-sell and upsell, like for equipment, add-ons, repairs, service plans and lease renewals. Data also can be sold to third parties. The growing popularity of the Internet of Things (IoT), which collects vast quantities of valuable data from …

Canadian Equipment Finance Fall 2019 IssueCustomer ServiceIndustry Trends

Servitization to Supplant Ownership?

By Brendan Read Traditional ownership of assets and financing for notably automotive, office equipment, healthcare and agricultural products may soon become obsolete, tossed into the recycling bin. In its place will be product-as-a-service, or pay-per-use assets, also known as servitization. Servitization is an alloy of changing customer preferences to an …

Canadian Equipment Finance Fall 2019 IssueCybersecurityFinTech

Referees of the Digital Age

By Angela Armstrong Fairness isn’t easy. It posits that fairness requires, in some form, a “referee”. So, I started wondering about fairness, and referees, in the digital age. Humans are fallible. But data (at least until it gets interpreted by someone) is arguably neutral. You’ve probably heard of Cambridge Analytica. …

Canadian Equipment Finance Fall 2019 IssueLeadershipLoyalty

Keeping the goodwill going

By Steve Leer Happy customers make for happy equipment leasing executives. Often that business bliss begins with the frontline customer service representatives who answer lessee phone calls and e-mail messages. Reps just like the seven Toronto, Ont. area women who work for JDR Solutions, Inc. The seven—Lesley Evans, Debbie Forbes, …

Canadian Equipment Finance Fall 2019 IssueIndustry NewsRegulatory Issues

The Future with CUSMA

By Brendan Read The Canada-United States-Mexico Agreement (CUSMA), also known as the USMCA will, when, (but increasingly looking like ‘if’) ratified, provide a renewed foundation for trade between all three countries. CUSMA is to replace the North American Free Trade Agreement (NAFTA). CUSMA was signed by Prime Minister Justin Trudeau, …