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 …

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Canadian Equipment Finance Fall 2019 IssueEquipment Finance

Understanding and Executing eSignatures Efficiently

by Aaron Seaton The execution of legal and administrative documents within lending and asset-based finance is a common task, which can be especially voluminous in equipment finance transactions. These documents are important, but they often lead to massive back-and-forth activities between lenders, obligors and guarantors. One of the big reasons …

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Equipment FinanceLeadership

Mercedes-Benz Financial Services Canada makes Management Changes

MISSISSAUGA, ON–Mercedes-Benz Financial Services (MBFS) Canada Corporation, a leading financial services provider and a company of Daimler Mobility AG, is pleased to announce the appointment of James Ryan as President and CEO of the organization. In this role, he will lead the Canadian divisions of Mercedes-Benz Financial Services and Daimler …

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Equipment FinanceInvestment Solutions

Vehicle Manufacturers Applaud Ontario Commitment to Strengthen Investment Competitiveness

Canadian Vehicle Manufacturers’ Association impressed with continued commitment TORONTO–Canadian Vehicle Manufacturers’ Association President, Mark A. Nantais says the Canadian Vehicle Manufacturers’ Association (CVMA) applauds the Ontario government’s continued commitment and focus to pursue policies that demonstrate a positive rationale for automotive manufacturing and related investment in Ontario. “The 2019 Ontario …

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CFLA ReportEquipment Finance

CFLA CMO: Uneven growth ahead

CFLA Report By Robin Somerville With so many potential crisis events threatening global trade and security, most economists are even more gloomy than usual about the future. Canada’s economy has not been spared and is expected to grow slower than last year despite continued high population growth, a low unemployment …

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Equipment Finance

Chesswood Updates Tandem Finance Progress

Chesswood Closes First Marketed Securitization for US$254 Million TORONTO–Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its first marketed U.S. securitization for Pawnee’s prime receivables. Proceeds from the U.S.$254 million securitization will be used to pay down Pawnee’s recently renewed revolving warehouse line and to …

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Equipment Finance

Arrow Exploration Corp. Announces Management Changes, Equipment Update Plans

CALGARY–ARROW Exploration Corp. announces that the Board of Directors has accepted Bruce McDonald’s resignation from his role as President and Chief Executive Officer and from the Board of Directors of Arrow effective October 16, 2019. Jack Scott, Chief Operating Officer of Arrow, has been appointed by the Board of Directors …

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