Enterprises to see some support from the Bank of Canada

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Enterprises to see some support from the Bank of Canada by audreywhelan Posted Nov 17, 2015 6:48 am MDT The Business Development Bank of Canada is extending its lifeline for small and medium sized enterprises impacted by low oil prices.The BDC has allocated another $500-million in financing to provide loans and advice.President and CEO Michael Denham tells 660 NEWS, the focus will be on good companies with good prospects that are having a tough time getting credit elsewhere.“A client of ours that is in the water treatment business, and its focus historically has been exclusively on the oil and gas sector and they have a couple clients that they provide these water treatment solutions to with some pretty modest investment in terms of a new orientation in sales and a fairly modest investment in terms of their manufacturing process, they can position themselves to sell their solutions into different segments,” he said.The BDC will be releasing an economic study on November 30 that will look at the diversification of a resource-dependent economy.

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