Home Archive for category "Economy"

9% Commercial Loan growth looks good for banks, economy

Published on August 5, 2014 by in Economy

It is so easy to fret about the Canadian economy. Lacklustre job growth, Ontario’s oppressive government debt, regular plant closings…. And yet, when one looks at the balance sheets of Canadian banks, businesses are actually taking advantage of unusually low interest rates and putting their bank lines to work. Over a twelve month period, net

 
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Murray pays the price for Ontario government’s $500M MaRS scandal

There were plenty of casualties in the recent Provincial election; some deserved and some not. This post tries to give you some background on one of them. It has been about two months since it came to light that the Provincial Liberals were in the process of forking over $500 million to bail-out the guarantee

 
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Bloomberg: Regulators stand by while U.S. bank lenders get footloose

It was only last week that I was chiding a couple of the venture debt players for completely dropping their covenants to win the odd deal here and there (see prior post ““No MAC, No Cov” eventually means No Return” May 6-14). According to Bloomberg News, the U.S. Federal Reserve has discovered that loose underwriting

 
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Wynne’s pension plan would evicerate government’s venture initiatives

You might have read somewhere that Ontario Premier Kathleen Wynne is a fan of the province’s innovation economy. Strangely, she doesn’t seem to appreciate the damage she will do to that very same sector with her proposed ORPP pension plan. I heard her on an Ottawa radio station last Friday, telling the cabbie and I

 
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90 days into its new Federal mandate, Northleaf goes off script

News report: Canada’s new “Venture Catalyst Fund” invests in $46M Wattpad deal I’m so utterly confused. For years, Canadian entrepreneurs and VCs begged Ottawa to get involved in arresting the multi-year decline in our innovation ecosystem. When I did my five year stint as a Director of the Canada’s Venture Capital Association (CVCA), responsible for

 
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