Archive for September, 2010
BDC makes further cuts to VC team
30 September 2010BDC Annual Report Review Part 3
Oy-yoy-yoy!
Remember when I reported on cuts to the venture capital team at the Business Development Bank of Canada (see prior post “What happened to the VC $ at BDC?” June 18-08)? That was 2008, and it appears that the cuts have continued, according to BDC’s new financial statements (pg. [...]
Is there a message for Potash in NB Power vote?
29 September 2010Remember MacDonald Dettwiler (MDA:TSX)? Not a week goes by when they’re not making news. Several equity research analysts were reporting this week about a new contract that will see MDA lead a team that will design, build and test a Mars Exploration and Science Rover Prototype. The stock’s had a nice run [...]
Venture Capital advances drop 33% at BDC in fiscal 2010 part 2
27 September 2010I know more than I knew last week. And I’ve got Philippe Mercure, a La Presse journalist, to thank for that.
It took me far too long to review the annual financial statements of the Business Development Bank of Canada. But once I did, I discovered what many tech and lifescience entrepreneurs already knew: [...]
Governor Carney’s future political career looking good part 2
26 September 2010It is tough to keep up with our perfect future political candidate, Bank of Canada Governor Mark Carney (see prior post “Governor Carney’s future political career looking good” Sept 10-10).
Last Friday, he was broadcasting on CNBC from the Canadian Museum of Civilization. As visually perfect a setting as there is for a campaign event. [...]
Canadian corporate bank loans hit new 39 month low
25 September 2010According to data released by the Bank of Canada, commercial and corporate lending by Canadian Chartered banks has dropped to depths not seen since May 2007. The category is “Business loans to Canadian residents for business purposes”:
December 2008: $191.563 billion
January 2009: $185.679 billion
February: $183.759 billion
March: $184.089 billion
April: $181.811 billion
May: $180.191 billion
June: $177.865 billion
July: $176.164 billion
August: [...]