Archive for March 20th, 2009
Bank lending drops again in February
20 March 2009The data is out, and the Canadian banking fraternity lightened up their collective business loan book by another $2 billion in February 2009. The total quantum of Canadian Chartered bank business loans to Canadian corporations was $183.7 billion, down about 1% from $185.8 billion in January.
The peak of bank lending came in December, when [...]
Fox News interview tomorrow
20 March 2009For those who have U.S. Fox News in their channel package, Mark McQueen will be interviewed by Julie Banderas on her nationally televised Saturday afternoon show around 4:45 pm. She’s interested in the AIG bonus situation (see prior post “The AIG / Citibank double standard” March 17-09).
AO
Consumer savers swamp their business brethern
20 March 2009Canadians appear to have been girding for a long recession, according to the savings data that is buried in the Bank of Canada’s Weekly Financial Statistics data. But all Canadian businesses have been able to do is tread water. Consider these figures (January 2008 to January 2009):
Personal Deposits
Personal Deposits (chequable): $137.1B grew to [...]