Business BankingBusiness Borrowing & Lending

Maple Leaf Foods, BMO Capital Markets make First Sustainability-Linked Loan in Canada

Reflects shared commitment to sustainable future and carbon neutrality TORONTO, ON–BMO Financial Group has provided Maple Leaf Foods Inc. with the first sustainability-linked loan in Canada. The amendment to the existing credit facilities will allow Maple Leaf Foods to reduce the interest rate on the lending facility if it meets …

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Business Borrowing & LendingCanadian LenderUnderwriting

First National to Provide Mortgage Underwriting Processing Services to Manulife Bank

TORONTO, ON–First National Financial LP has entered into an agreement with Manulife Bank of Canada to provide underwriting and fulfillment processing services for mortgages originated by Manulife Bank through the residential mortgage broker channel in Ontario and Atlantic Canada. Under the strategic agreement, First National will employ a customized software …

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Business Borrowing & LendingCannabis Business

TerrAscend Announces Agreement on Two Year Term Loan and Extension to Credit Facility

TORONTO, ON–TerrAscend Corp. the first and only global cannabis company licensed for sales in Canada, the US, and the EU, today announced that it has extended the maturity date of its US$75 million credit facility due December 18, 2019 with funds managed by JW Asset Management LLC for up to …

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AIBusiness Borrowing & Lending

LendingArch incorporates Artificial Intelligence

LendingArch incorporates Artificial Intelligence to aid in customer service and business management CALGARY, AB–LendingArch, Canada’s fastest growing rate comparison platform, announced today the investment into Artificial Intelligence to boost its productivity, efficiency and aid in the scalability of its business operations in North America. “We stay in touch with market …

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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 …

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