Jefferies Financial Group and SMBC Group have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises Sumitomo Mitsui...
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April 08, 2024, 07:15 AM
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TD Bank Group announced changes to its Senior Executive Team, that reflect the strength of the Bank's leadership bench.Ray Chun becomes Group Head, Canadian Personal Banking, effective immediately. Most recently, Chun served as Group Head, Wealth...
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December 12, 2023, 07:22 AM
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Trailcon Leasing Inc., a provider of trailer leasing, rental and maintenance services, announced the grand opening of its latest facility in Balzac, AB.This new location showcases designated trailer parking spots, multiple service bays, and mobile...
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November 03, 2023, 07:10 AM
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Mitsubishi HC Capital America announced it recently provided a Canadian-based IT service provider with a $60 million facility to support its rapidly growing business and free up cash flow. Headquartered in Ontario, the company provides cutting-edge...
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October 17, 2023, 07:20 AM
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Trailcon Leasing, Inc., a Canadian company in trailer leasing, rental, maintenance and fleet management, announced the appointment of Stacey Sarris as the Vice President of Marketing & Client Success. This appointment comes as part of Trailcon's...
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July 12, 2023, 07:05 AM
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Insight Equipment Finance Corporation (IEFC), a division of Insight Investments, LLC, announced it is expanding its equipment leasing operations into Quebec.“Since launching operations in Canada in 2021, IEFC has grown rapidly, helping commercial and...
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June 21, 2023, 07:21 AM
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A report released by the Canadian Finance and Leasing Association (CFLA) reveals that vehicle theft has reached a critical point in Canada, costing the country a billion dollars annually. With a 300 percent surge since 2015 in the City of Toronto...
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June 16, 2023, 07:18 AM
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Simplex Equipment Rental Inc., a family-owned Quebec company specializing in tool and equipment rentals for all types of construction projects, as well as for the industrial, manufacturing, government, events, and film sectors, announced the...
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June 13, 2023, 07:18 AM
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Accord Financial Corp. is offering Canadian companies a fast and convenient way to obtain accounts receivables financing through the new AccordExpress Factoring Portal. The AccordExpress Factoring Portal offers financing between $500,000 and...
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April 26, 2023, 07:05 AM
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Dynamic Capital Equipment Finance Inc. recently funded a $5,000,000 term loan through the utilization of its own in-house financing for client Crude Master Transport Inc. (Crude Master), turning Crude Master into one of the largest fluid hauling...
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April 13, 2023, 07:12 AM
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PEAC Solutions (PEAC) and Armada Credit Group Inc. (Armada), a provider of equipment finance services in Canada, announced their partnership.This joint venture allows PEAC to again expand its global footprint, making it easier for vendor partners and...
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March 29, 2023, 07:23 AM
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CHG-MERIDIAN has opened a new office in Mississauga, Ontario, Canada. CHG-MERIDIAN has had a presence in Canada since 2017 starting with a single employee. The new office is in large part due to the growth to 10 full-time employees within...
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March 28, 2023, 07:18 AM
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The Canadian Finance and Leasing Association (CFLA) shared that the Government of Alberta tabled amendments that allow e-chattel paper under Bill 9 – Red Tape Reduction Statutes Amendment Act, 2023. Bill 9 passed its third reading in the Legislative...
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March 24, 2023, 07:05 AM
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Ritchie Bros. sold over 5,500 equipment items, trucks and vehicles at its site in Edmonton, AB, generating more than $52 million in gross transaction value.The online and onsite auction attracted more than 15,300 bidders from over 40 countries, with...
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March 09, 2023, 07:00 AM
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Rabobank, a leader in food and agribusiness financing, announced it is expanding its Canadian offerings to include lending to primary producers. "We are excited to offer financial solutions directly to Canadian agricultural producers," said Paul...
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January 11, 2023, 07:12 AM
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Accord Financial Corp. has expanded its Canadian Asset Based Finance/Factoring senior management team to include Karim Habib as Managing Director, Business Development Ontario and Western Canada. His responsibilities will include expanding Accord’s...
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October 12, 2022, 07:10 AM
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Citi has launched Citi Commercial Bank (CCB) in Canada as part of a global expansion announced earlier in 2022. CCB delivers Citi's wide array of institutional products and solutions to meet the evolving needs of mid-size corporates as they grow...
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July 21, 2022, 07:15 AM
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Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market, announced its wholly owned subsidiary, Pivotal Capital Corp. (Pivotal) has secured an additional funding facility with Mitsubishi HC Capital Canada, Inc....
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July 07, 2022, 07:20 AM
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Geminus Acquisition & Management announced the official launch of Sonoma Capital Corp., bringing more competition to a market that needs better small-ticket equipment financing solutions.Sonoma Capital will offer modern equipment financing solutions...
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May 20, 2022, 07:10 AM
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Gordon Brothers, the global advisory, restructuring and investment firm, has received $300 million in financing from Canada Pension Plan Investment Board (CPP Investments) through its subsidiary CPPIB Credit Investments Inc., increasing the firm’s...
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April 22, 2022, 07:30 AM
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Crédit Agricole CIB has appointed Ghislain Descamps as Senior Country Officer for Canada. Descamps most recently led the Multinational Corporation Coverage Team in the Americas based in New York City since 2014. In that position, he contributed to...
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March 14, 2022, 07:16 AM
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Competition for used equipment and trucks has never been stronger, with supply chains disrupted and online demand driving record pricing for consignors. Last week, Ritchie Bros. attracted more than 8,500 online bidders from 65 countries to compete...
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December 28, 2021, 07:06 AM
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After almost 35 years with the Bank, Teri Currie, Group Head, Canadian Personal Banking, has informed TD of her intention to retire at the end of January 2022. Upon her retirement, she will be appointed to TD's U.S. Board of Directors, effective...
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October 29, 2021, 07:20 AM
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Insight Investments, LLC announced it has launched equipment leasing operations in Canada. To lead the full-scale operations, service and support of the Canadian market, the company has hired industry veteran Doug Johnson to oversee Insight Equipment...
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July 08, 2021, 07:25 AM
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Ritchie Bros. conducted its largest Grande Prairie, AB, auction ever, selling more than 4,900 equipment items for over $63 million—surpassing the previous gross transaction value (GTV) record by 32 percent.A record 12,350 online bidders from 53...
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December 02, 2020, 07:05 AM
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CWB National Leasing has been named one of Canada’s Top 100 Employers for the fifth year in a row. This recognition is a testament to its evolving workplace culture, as it continues to grow and seek ways to create a fulfilling and meaningful working...
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November 16, 2020, 07:04 AM
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Just seven weeks after selling more than 10,000 items, Ritchie Bros.' Edmonton team was back at it last week, selling another 9,200 items for $83 million over four days.The Edmonton auction attracted 18,945 bidders from 58 countries, which is up 49...
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November 02, 2020, 07:00 AM
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Nearly 25 years after founding Bennington Financial Corp., CEO Larry Mlynowski has announced his retirement. Bennington's President and Chief Operating Officer Troy Campbell takes over as President and CEO. Mlynowski will stay on in an advisory...
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October 08, 2020, 07:20 AM
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Ritchie Bros. sold a staggering more than 10,700 equipment items for $131 million in its first-ever online-only auction in Edmonton, AB. The company, which has been conducting auctions in Alberta for close to six decades, has temporarily converted to...
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May 18, 2020, 07:12 AM
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Osoyoos Cannabis Inc. announced the Company has entered into an equipment lease and a joint-venture agreement with 2623942 Ontario Limited (the Licensed Producer). The company also provided a corporate update.The licensed producer is a private...
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April 24, 2020, 07:12 AM
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TIP Trailer Services, a portfolio company of I Squared Capital and one of the leading trailer leasing, rental, maintenance and repair providers across Europe and Canada, announced it has completed the acquisition of Trailer Wizards, a leading...
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December 31, 2019, 07:23 AM
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Trailcon Leasing Inc., a privately held Canadian company and leader in trailer leasing, rental, maintenance and fleet management, announced it has been certified as a Great Place to Work after a thorough and independent analysis conducted by Great...
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December 30, 2019, 07:00 AM
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JLG Industries, Inc., an Oshkosh Corporation company and a global manufacturer of mobile elevating work platforms and telehandlers, announce a partnership with Canada-based CWB National Leasing, making the company the funder of choice in Canada for...
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December 20, 2019, 07:10 AM
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CWB National Leasing was recently named one of Canada’s Top 100 Employers, one of Canada’s Most Admired Corporate Cultures, a Best Employer in Canada and one of Manitoba’s Top Employers.“Being recognized in this way, year after year, is an incredible...
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December 05, 2019, 07:15 AM
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NationaLease, one of the largest full-service truck leasing organizations in North America, hosted its Canadian Leadership Summit at the Westin Chicago River North in Chicago. This annual gathering is designed to help the organization’s Canadian...
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November 26, 2019, 07:10 AM
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Mercedes-Benz Financial Services (MBFS) Canada Corporation, a company of Daimler Mobility AG, announced the appointment of James Ryan as President and CEO of the organization. In this role, he will lead the Canadian divisions of Mercedes-Benz...
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November 08, 2019, 07:27 AM
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Utica Equipment Finance, LLC announced the completion of two transactions during the Oct. 7-11.Utica Equipment Finance completed the funding of a $1,750,000 term loan (CAD $2,300,000) secured by machinery and equipment to a logging-based contractor...
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October 18, 2019, 07:05 AM
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Wells Fargo Commercial Capital announced the realignment of its Canada-based equipment finance and asset-based lending (ABL) originations teams into a newly integrated business unit, harnessing the collective expertise to enhance the customer...
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October 17, 2019, 07:30 AM
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TIP Trailer Services, a portfolio company of I Squared Capital, has signed an agreement to acquire Trailer Wizards Ltd., a supplier of trailer rental and leasing services in Canada. TIP first expanded from Europe into Canada in 2016 with the purchase...
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September 13, 2019, 07:15 AM
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Benjamin Verde (BV), formerly an artist management turned artist investment firm, has transformed the Canadian entertainment sector by being the first and only fully private Artist and Entertainment funding solution in Canada. Benjamin Verde's board...
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September 10, 2019, 06:50 AM
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DCV Franchise Group announced plans to assist U.S.-based franchisors with finding suitable lending options in Canada. The move is aimed to create a formal relationship with Canadian lenders, offering a franchise finance option in Canada that no other...
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August 26, 2019, 07:05 AM
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CCG Equipment Finance Ltd. has hired Anthony Zambon to lead its Canadian operations. Zambon has more than 25 years of experience in the equipment financing industry, including roles at CIT, GE Capital and, most recently, Wells Fargo Equipment Finance...
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August 21, 2019, 07:15 AM
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CWB Franchise Finance (CWB) has participated in a largescale facility to refinance seven ALT Hotels in Canada. CWB provided a portion of a larger loan to complete it.ALT Hotels is a division of Group Germain Hotels, with properties in Toronto...
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August 16, 2019, 07:10 AM
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Trailcon Leasing Inc. will mark another milestone July 2 when it opens its new facility in Calgary.The state-of-the-art facility measures 20,000 square feet, with another 5,000 square feet available for expansion. It features eight trailer bays, with...
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June 28, 2019, 07:00 AM
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Stonebriar Commercial Finance Canada announced the closing of a $35 million equipment lease facility with a joint venture majority owned by an investment grade strategic industrial and a natural resources-focused private equity group. The joint...
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June 12, 2019, 07:20 AM
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Sun Life Investment Management announced the appointment of Elaad Keren as Senior Managing Director and Head of Mid Markets Lending, Sun Life Investment Management. Keren will be responsible for sourcing and approving investment opportunities within...
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May 13, 2019, 07:20 AM
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OnDeck announced it has completed the transaction combining its Canadian operations with Evolocity Financial Group, a Montréal-based online small business lender. The combined companies are majority owned by OnDeck.The successful transaction combines...
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April 02, 2019, 07:15 AM
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CapX Partners provided $9.8 million in equipment financing to a leading packaging company located in Montreal, Quebec. The company has developed new sustainable, rigid and flexible packaging for the food industry to meet changing consumer demands. To...
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March 13, 2019, 07:20 AM
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Funding Circle, a leading small business loans platform in the UK, U.S., Germany and the Netherlands, announced its plans to enter the Canadian market and expand access to fast, affordable and transparent financing for Canadian small...
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March 11, 2019, 07:10 AM
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Equitable Group Inc. completed its previously announced acquisition of Bennington Financial Services Corp., a profitable and growing privately owned company serving the brokered equipment leasing market in Canada.The acquisition, announced last month...
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January 03, 2019, 07:10 AM
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Equitable Group Inc. announced it has reached an agreement to acquire Bennington Financial Services Corp., a profitable and growing privately owned company serving the brokered equipment leasing market in Canada.Bennington was founded in Oakville...
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December 03, 2018, 07:30 AM
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United Rentals, Inc. announced United Rentals of Canada, Inc., a wholly owned subsidiary of the company, has completed the previously announced acquisition of WesternOne Rentals & Sales LP for a cash purchase price of approximately $90.4 million....
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December 03, 2018, 07:05 AM
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With its fifth Edmonton, Alberta, auction of 2018, Ritchie Bros. sold more than 7,800 equipment items for $89 million.The four-day auction attracted more than 10,100 bidders from 46 countries, including 7,950 people who registered to bid online....
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October 30, 2018, 07:01 AM
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Stonebriar Commercial Finance announced Jonathan Katz has joined the company as Managing Director of Originations - Canada. Based in Toronto, Katz will manage both direct and indirect originations efforts throughout Canada.Prior to joining Stonebriar...
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October 17, 2018, 07:05 AM
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Canadian Equipment Finance & Leasing Inc. (CEFL) and PROVEN Financial Group Inc. announced the creation of a joint venture, which will leverage more than 200 years of combined equipment finance experience. The joint venture will operate under the...
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September 19, 2018, 07:28 AM
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Trailcon Leasing’s new facility in Edmonton, announced in January, is one giant step closer to completion following the official ground-breaking ceremony.The 20,000-square-foot building, situated on six acres at 11690 Bevington Road in Acheson...
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May 29, 2018, 07:05 AM
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In its first Edmonton, AB auction of the year, Ritchie Bros. sold more than 4,250 equipment items and trucks over three days (February 27 – March 1) for CA$60+ million (US$47+ million).More than 8,500 bidders from 53 countries registered to...
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March 05, 2018, 07:00 AM
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National Leasing launched the third and final phase of its new core system, a multi-year, in-house project. “We knew building our own, completely customized core leasing system from scratch would be a significant feat – something other companies...
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March 05, 2018, 06:09 AM
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Trailcon Leasing announced plans to build new facilities in Edmonton and Calgary to support current and future growth. Construction of the state-of-the-art facilities will begin in May of this year, with completion scheduled for Q2 2019.“Trailcon has...
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February 07, 2018, 07:00 AM
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ECN Capital announced it has closed the acquisition of Triad Financial Services, Inc. (“Triad”) on the terms previously announced.“As the CEO of Triad, I am excited for this partnership and next chapter in our business,” said Don Glisson, Jr....
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January 02, 2018, 07:10 AM
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ECN Capital Corp. announced that it has entered into an automatic securities purchase plan (the “Plan”) with a designated broker in order to facilitate repurchases of its outstanding common shares (the “Common Shares”) in connection with its...
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December 22, 2017, 08:00 AM
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CWB Financial Group congratulates Carolyn Graham, Executive Vice President and Chief Financial Officer, on her recognition as a Canada's Most Powerful Women: Top 100 Award Winner. The Top 100 Awards brings together remarkable women and men, creating...
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November 27, 2017, 07:39 AM
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Key Equipment Finance named Cory Suffern vice president of business development for its Canadian operations. In this role, Suffern will be responsible for enhancing, structuring and managing the efforts of the Canadian sales verticals. He will manage...
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November 21, 2017, 07:20 AM
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ECN Capital Corp. announced that it has entered into a definitive agreement with Canadian Western Bank to sell all of the Company’s Canadian Commercial and Vendor (“C&V”) Finance assets for cash proceeds of approximately C$900 million, representing a...
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October 31, 2017, 07:15 AM
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Ritchie Bros. sold more than 6,800 equipment items and trucks for US$73+ million in its October auction in Edmonton last week.. The four-day event held October 24 – 27, 2017, attracted more than 9,850 bidders from 47 countries, including 7,300+...
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October 30, 2017, 07:00 AM
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Element Fleet Management has promoted Chris Gittens to the role of president of Canadian operations, effective immediately. He will report to Kristi Webb, president and CEO, Element Fleet Management North America. Gittens joined Element in 2013 as...
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October 27, 2017, 07:19 AM
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Airbus SE and Bombardier Inc. are to become partners on the C Series aircraft program. A corresponding agreement was signed on October 16, 2017. The agreement brings together Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art...
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October 17, 2017, 07:04 AM
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Five years ago, CLE Capital – formerly known as CLE Leasing - was a Canadian company embarking on a major shift: consolidating its presence in Canadian markets outside Quebec. Today, CLE Capital is a subsidiary of Hitachi Capital America and together...
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October 06, 2017, 07:00 AM
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Ritchie Bros. conducted its fourth Edmonton auction of the year last week, selling 6,600+ equipment items and trucks for CA$75+ million (US$62+ million) over three days (Sep 6 – 8, 2017). More than 8,700 people from 52 countries registered to bid...
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September 11, 2017, 07:05 AM
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Northpoint Commercial Finance announced that Chantal Robin has joined the company as a Director of Business Development in Canada. Chantal joins the existing field sales team to provide enhanced regional coverage of existing customers, further...
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August 30, 2017, 07:08 AM
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PayNet reports that the PayNet Canadian Small Business Lending Index (CSBLI) increased 1% to 123.8 in June 2017 from 122 in May, the third month in a row of year-over-year increases. Compared to May 2016 the CSBLI is up 5%.“Investment growth for...
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August 16, 2017, 07:01 AM
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CRS Contractors Rental Supply Limited Partnership (“CRS”) has entered into a unit purchase agreement to sell CRS to Sunbelt Rentals (“Sunbelt”), the North American business of Ashtead Group plc, for C$275 million plus a potential earn-out. CRS is...
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July 20, 2017, 07:02 AM
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Ritchie Bros. conducted its third Edmonton auction of the year this week, selling 5,500+ equipment items and trucks for CA$72+ million (US$54+ million) over two days (June 13 – 14, 2017). More than 7,250 people from 50 countries registered to bid in...
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June 16, 2017, 06:33 AM
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Acasta Enterprises announced that Stellwagen Group, Acasta’s leading commercial aviation finance advisory and asset management business, has closed its previously announced acquisition of ECN Capital’s Commercial Aviation advisory and asset...
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June 02, 2017, 07:10 AM
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Cooper Equipment Rentals Limited ("Cooper"), a leading Canadian equipment rental company, announced that it closed an expanded CAD$150,000,000 asset-based senior secured credit facility (the "Facility"). Wells Fargo Capital Finance Corporation Canada...
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May 24, 2017, 07:00 AM
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Ritchie Bros.' Toronto, ON auction site smashed its sales record for the third time in 12 months, selling CA$45+ million (US$32+ million) of equipment and trucks over two days (May 10 – 11, 2017). Toronto broke a single-auction sales record in May...
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May 15, 2017, 07:02 AM
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Stonebriar Commercial Finance announced that Russell Murray has joined the company as Managing Director of Originations - Canada. Based in Toronto, Russell will manage both direct and indirect originations efforts throughout Canada. Prior to joining...
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May 08, 2017, 07:15 AM
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Ritchie Bros.' April auction in Edmonton attracted 13,800 people from 60+ countries, as 8,650+ items were sold over four days (April 25 – 28, 2017) for US$134+ million. Approximately 66 percent of the bidders in the auction registered to participate...
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May 01, 2017, 06:14 AM
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PayNet reports the PayNet Canadian Small Business Lending Index (CSBLI) fell 1% to 116.1 in February 2017 from 117.2 in January 2017. Compared to February 2016, the Index is down 7%.“While a down month for small businesses, at least we can see the...
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April 21, 2017, 07:08 AM
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The American Society of Appraisers and the Appraisal Institute of Canada (AIC) have launched a new partnership to help educate AIC members on machinery and equipment appraisals. As part of the partnership, ASA will provide AIC members exclusive...
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March 22, 2017, 07:00 AM
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Ritchie Bros. conducted its first Edmonton auction of the year last week, selling 5,000+ equipment items and trucks for CA$62+ million (US$46+ million) over three days (March 2 – 4, 2017). More than 8,650 people from across Canada and 46 other...
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March 09, 2017, 06:55 AM
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Trailcon Leasing announced that Brian Jones has been promoted to Regional Manager, Western Canada. In his new capacity, he will oversee the sales, operations, and administration for Trailcon's three western branches - Surrey, BC; Calgary, AB.; and...
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March 09, 2017, 06:24 AM
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Velocity Vehicle Group has hired Howard Shiebler to lead Crossroads Equipment Leasing and Finance, LLC.“Howard brings a leadership and entrepreneurship background that will help us grow and diversify our Crossroads business,” said Brad Fauvre...
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January 13, 2017, 07:10 AM
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In 2016 Ritchie Bros. held six auctions at its flagship site in Edmonton, AB, selling 43,500+ equipment items and trucks for CA$728+ million (US$559+ million). This includes last week's two-day auction on December 8 – 9, when 4,500+ items were sold...
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December 12, 2016, 06:54 AM
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ECN Capital Corp. reported that the Company’s CEO, Steven Hudson, has purchased $18.2 million in ECN Common Shares in the open market at an average price of $2.88 per share. He also exercised previously vested options to purchase 300 thousand common...
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November 22, 2016, 07:03 AM
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Ritchie Bros. announced that it has acquired Kramer Auctions, a leading Canadian agricultural auction company with exceptionally strong customer relationships in central Canada. This acquisition is expected to significantly strengthen Ritchie Bros.'...
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November 16, 2016, 07:12 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Richard Zeni has joined its Loan Originations team in Canada as a business development officer. Based in Toronto, Zeni is primarily responsible for sourcing and structuring...
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November 14, 2016, 07:15 AM
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Steven Hudson, Chief Executive Officer of Element Financial Corporation, is this year’s Entrepreneur Of The Year™ Ontario winner.“Steven’s originality and innovation shines through in all he does,” says Paula Smith, EY partner and Entrepreneur Of The...
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October 31, 2016, 07:17 AM
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With winter on its way, many Alberta contractors are realigning their fleets for winter work, making it a perfect time for another Ritchie Bros. auction. More than 10,600 people registered to bid for the company's latest Edmonton, AB auction, held...
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October 31, 2016, 07:00 AM
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Merchant Advance Capital, a leading Canadian online lender announced its expansion into equipment leasing, a natural progression for one of Canada's largest business loan providers.This is the first time an alternative lender has offered equipment...
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October 24, 2016, 07:10 AM
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ECN Capital Corp. announced that by mutual agreement, INFOR Acquisition Corp. (“IAC”) and ECN Capital have terminated the previously announced qualifying transaction that would have resulted in the acquisition of all of the outstanding shares of IAC...
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October 13, 2016, 07:25 AM
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Element Financial Corporation (“Element”), now Element Fleet Management Corp. (“Element Fleet”) and ECN Capital Corp. (“ECN Capital”) jointly announced the completion of the reorganization of Element into two separate publicly-traded companies (the...
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October 04, 2016, 07:03 AM
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MB Financial announced the formation of a new Canadian subsidiary, MB Business Capital Canada Inc. and the hiring of Dan Flaro, Senior Vice President & Country Executive to lead its efforts in expanding the bank's middle market asset based lending...
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October 03, 2016, 07:20 AM
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PayNet, the premier provider of risk management solutions and market insight to Canadian commercial lenders, reports the PayNet Canadian Small Business Lending Index (CSBLI) increased slightly from 118.4 in June 2016 to 118.7 in July 2016. Compared...
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September 22, 2016, 07:05 AM
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Last week Ritchie Bros. conducted its fourth Edmonton, AB auction of the year, selling 6,300+ equipment items and trucks for CA$82+ million (US$63+ million). More than 9,300 people from 42 countries registered to bid in the unreserved auction held...
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September 12, 2016, 07:07 AM
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The Canadian Finance & Leasing Association (CFLA) Conference Sept. 21-23 at Niagara Falls, Ontario, will feature presentations focused on Evolving in Turbulent Times, with Ralph Petta’s discussion about the challenges and opportunities of doing...
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September 08, 2016, 07:03 AM
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CIT Group announced that CIT Aerospace has delivered two Boeing 737-800 aircraft to Air Transat, a Canadian airline based in Montreal.The aircraft, MSN 29933 and MSN 29934, are powered by CFM56-7B26 engines. This aircraft delivery expands on a more...
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August 22, 2016, 07:00 AM
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Element Financial Corporation announced that its Board of Directors has unanimously approved plans to proceed with the reorganization of Element into two separate publicly-traded companies (the “Separation Transaction”) targeted for closing on...
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July 26, 2016, 07:18 AM
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Records were smashed in Lethbridge last week, as Ritchie Bros. sold CA$24+ million (US$18+ million) of equipment in two days—with 67 percent (CA$16+ million) selling to online buyers. Traditionally the company's southern Alberta site has focused on...
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July 25, 2016, 07:00 AM
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National Leasing’s new online equipment financing system, National Leasing Interactive, has earned the company this year’s Operations and Technology Excellence Award from Equipment Leasing and Finance Association (ELFA). “National Leasing Interactive...
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July 15, 2016, 06:42 AM
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The 50,000+ members of the National Joint Powers Alliance (NJPA) can now more easily sell their surplus heavy equipment, trucks and other assets—and reach the largest global market of buyers. Ritchie Bros. was recently awarded an auction services...
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July 01, 2016, 07:03 AM
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Element Financial Corporation announced that the Company has closed the issuance of US$1.0 billion in rated term notes through Chesapeake Funding II LLC (“Chesapeake II”) and closed the renewal of its asset-backed funding facility with the Company’s...
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June 29, 2016, 07:05 AM
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Somerset Capital Group, Ltd. (Somerset) announced several key growth steps today in their vision to make long-term strides to growth in 2016. First, their recent company acquisition of two independent lessors to their family of companies; second, a...
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June 13, 2016, 07:05 AM
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Wells Fargo & Company has named leaders for its Equipment Finance and Commercial Distribution Finance (CDF) Canada divisions following the completed acquisition of GE Capital’s Direct, Vendor and CDF businesses earlier this year. Continuing to...
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May 19, 2016, 07:26 AM
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Two weeks after its largest Canadian auction ever in Edmonton, Alberta, Ritchie Bros. was breaking records again with its largest Ontario auction ever. On May 11-12, 2016, Ritchie Bros. sold more than 3,000 equipment items and trucks for CA$36+...
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May 16, 2016, 07:04 AM
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The Bank of Nova Scotia ("Scotiabank") and Meridian Credit Union Limited announced that the two companies have reached an agreement under which Meridian will purchase the business operations and assets of Roynat Lease Finance, a division of Roynat...
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April 20, 2016, 07:14 AM
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On February 16, 2016, Element Financial Corporation (“Element”) announced its intention to separate into two independent publicly traded companies: Fleet Management and Commercial Finance.The current Board of Directors, governance and management...
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April 08, 2016, 07:15 AM
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Canadian Western Bank announced its recent signing of an asset purchase agreement to acquire GE Capital's Canadian Franchise Finance business. The business provides financing across Canada to a diverse group of established companies in the...
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April 08, 2016, 07:12 AM
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GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The sale includes approximately $1.4 billion in ending net investment...
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March 30, 2016, 07:15 AM
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CWB Maxium Financial announced the recent appointment of Moe Danis, CFA, as Senior Vice President, Program Finance. CWB Maxium Financial is expanding its management team to support the rapid and growing demand for funding third party finance programs...
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March 30, 2016, 06:55 AM
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Ritchie Bros.' first Canadian auction of the year in Edmonton, AB, a three-day unreserved public auction (February 24 – 26), attracted 13,100+ bidders from 47 countries—50 percent more than the same auction last year. Ritchie Bros. sold more than...
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February 29, 2016, 07:15 AM
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Atlantic Gold Corporation announced that it has executed a commitment letter and supporting term sheet with Caterpillar Financial Services Corporation ("Cat Financial"), pursuant to which Cat Financial has agreed to underwrite up to $20 million in...
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February 23, 2016, 07:00 AM
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Element Financial Corporation announced that following the completion of a strategic review of each of the Company’s business units that it initiated in October of last year, the Board of Directors has approved plans to proceed with a transaction...
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February 16, 2016, 07:21 AM
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Linedata announced that Linedata Capitalstream has partnered with Meridian.Meridian, Ontario’s largest credit union, has signed a contract for Linedata Capitalstream, plus Linedata Hosting, to rapidly roll out the solution. Meridian, with more than a...
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February 12, 2016, 07:10 AM
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Canadian Western Bank Group (CWB) announced the appointment of Michael Dubowec to Senior Vice President, Equipment Finance. In this newly created role, Mr. Dubowec will provide key leadership to all of CWB’s specialized equipment financing businesses...
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February 09, 2016, 07:05 AM
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U.S. and Canadian natural gas Class 8 truck retail sales started 2015 with slow growth and are ending the year in the same fashion, according to a recent report from ACT Research. The “Natural Gas Quarterly” attributes this to the continuing decline...
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January 25, 2016, 07:11 AM
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Reuters reported that Bank of Nova Scotia is in discussions to sell a C$1 billion ($715 million) vendor and equipment financing portfolio, according to four sources familiar with the matter. According to the exclusive Reuters report, Scotiabank...
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January 07, 2016, 07:14 AM
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Element Financial confirmed that it is proceeding with the strategic review of the Company’s Canadian Commercial & Vendor Finance business vertical that it initiated in October of 2015. The Company continues to expect to be actionable on the results...
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January 07, 2016, 07:12 AM
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Element Financial Corporation announced that the Company has closed the issuance of US$1.7 billion in term notes through Chesapeake Funding II LLC.This follows the previous issuance of US$1.5 billion in variable funding notes issued on December 16...
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January 04, 2016, 07:00 AM
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Maxium Financial Services Inc. ("Maxium") and Desante Financial Services Inc. ("Desante"), collectively referred to as the "Maxium Group", have entered into an agreement to sell substantially all of its future business to Canadian Western Bank and...
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December 22, 2015, 07:05 AM
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Commercial Distribution Finance (“CDF"), a business of GE Capital, announced that Arctic Cat, a leading manufacturer of recreational products, has chosen CDF as an exclusive provider for dealer inventory financing across North America. The financing...
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December 18, 2015, 07:12 AM
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Commercial Distribution Finance (CDF), a business of GE Capital, announced it has renewed its joint venture in the U.S. and extended the term of the Canadian program with Polaris Industries, a global sales leader in the powersports industry, through...
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December 08, 2015, 12:00 PM
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Key Equipment Finance announced it has named Martin Davies vice president, business development, Canadian operations. In this role, Davies will be responsible for enhancing, structuring and managing the company’s Canadian direct and energy sales...
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December 08, 2015, 07:15 AM
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Accord Financial Corp. announced the launch of AccordAccess, a unique online lending program aimed at financing growth for small and medium-sized businesses across Canada. AccordAccess is a fast, flexible working capital solution that provides...
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November 25, 2015, 07:05 AM
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LeaseQ, an online marketplace connecting businesses, equipment sellers, and equipment finance companies to make selling and financing equipment fast and easy, and Canadian food service equipment manufacturer group DaVinci Compass Inc., owner of...
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November 19, 2015, 07:10 AM
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Element Financial Corporation reported financial results for the three-month and nine-month periods ending September 30, 2015.Overall, new originations amounted to $1.9 billion for the three-month period ended September 30, 2015 representing a 60.9...
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November 11, 2015, 07:11 AM
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Ritchie Bros. sold CA$137+ million (US$104+ million) of heavy equipment and trucks at its unreserved public auction in Edmonton, AB this week (October 27 – 29, 2015). Ritchie Bros.' Edmonton site has already surpassed its 2014 sales record, selling...
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October 30, 2015, 07:05 AM
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Reuters reported that Toronto-Dominion Bank has begun laying off staff in Canada and the United States as part of a company-wide initiative to cut costs, according to two sources familiar with the matter. According to the Reuters report, TD, Canada’s...
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October 19, 2015, 07:17 AM
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GE has reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. The sale includes ending net investment (ENI) of approximately $30 billion (about...
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October 13, 2015, 11:05 AM
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PayNet, a firm that provides risk management solutions and market insight to the Canadian Commercial Finance Industry reports increasing investment by privately-held Canadian businesses. The Canadian Small Business Lending Index (CBLI) which measures...
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September 16, 2015, 07:04 AM
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GE announced that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO). “With the sale of our Transportation Finance business to BMO, we have again found a buyer with...
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September 11, 2015, 07:30 AM
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Element Financial announced a new leadership team for its fleet management business (“Fleet Management” or the “Company”). The new team brings together top talent and expertise from the recent acquisition of the GE’s U.S. Fleet Services business and...
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September 11, 2015, 07:22 AM
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IronPlanet and Finning International, the largest Cat® dealer in the world, announced that Finning has agreed to jointly market used heavy equipment through Cat Auction Services, IronPlanet’s unreserved auction marketplace. Finning will be hosting...
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August 26, 2015, 07:12 AM
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Element Financial announced that Kristi Webb has been appointed as the new President and CEO of Element's fleet management business and Jim Halliday has been appointed as Executive Vice President, Element Financial Corporation. These appointments...
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August 25, 2015, 07:09 AM
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TFG Financial Corporation has selected LeaseWave® from Odessa Technologies to deliver a centralized, end-to-end lease management solution. TFG is an equipment financing company headquartered in Burnaby, Canada. “To enable growth our goal is to...
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August 25, 2015, 07:00 AM
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GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced the signing of a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada. GE Capital has...
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July 07, 2015, 07:00 AM
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To support its expanding asset-based lending capabilities, Bibby Financial Services Canada hires Adam Flomen as Vice President of Business Development, Asset-Based Lending. Flomen joins an impressive team of professionals who provide working capital...
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June 30, 2015, 06:59 AM
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Reuters reported that small-business investment increased in most parts of Canada in the first quarter, with the exception of two of the country's most oil-sensitive provinces, as firms adjusted to the fallout of lower crude prices, data from PayNet...
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June 26, 2015, 07:01 AM
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Ritchie Bros.sold CA$96+ million (US$78+ million) of heavy equipment and trucks at an unreserved public auction in Edmonton, AB on June 9 – 11, 2015. The auction attracted 6,950+ bidders from 45+ countries, including 4,500+ online bidders (65...
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June 12, 2015, 07:05 AM
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GE announced today that it has reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at approximately $12 billion.“We are excited to...
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June 09, 2015, 07:00 AM
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Bloomberg reported GE. is poised for a $12 billion deal as soon as Monday to sell more than half of its U.S. private-equity lending arm to Canada Pension Plan Investment Board while Ares Management LP seeks to buy the rest of that business, people...
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June 08, 2015, 07:10 AM
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IronPlanet announced that Gord McDougall has joined its Canadian executive team as managing director, Canada, Cat Auction Services. A leader in the used heavy equipment industry, McDougall will help expand IronPlanet’s reach in Canada and continue to...
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May 29, 2015, 07:04 AM
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GE said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter.Quoting the people, the Bloomberg report said that no deal...
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May 27, 2015, 07:20 AM
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Element Financial Corporation announced that it plans to sell, on a “bought deal” basis, $1,550 million of subscription receipts (“Subscription Receipts”), $500 million aggregate principal amount of extendible convertible unsecured subordinated...
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May 21, 2015, 07:08 AM
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Commercial borrowing by small and medium-sized businesses in Canada rose slightly in the first quarter. Canadian Business Lending Index rose to 206 in the first quarter from 204 in the fourth quarter. The positive in this number is the quarterly...
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May 20, 2015, 06:30 AM
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Ryder System, Inc. announced that it is making it easier than ever for customers to finance quality pre-owned vehicles. The Company recently extended its U.S. preferred lender agreement with CIT Group Inc. to now include Ryder customers in...
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May 05, 2015, 07:10 AM
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Ritchie Bros. sold more than CA$215 million (US$177+ million) of heavy equipment and trucks at an unreserved public auction in Edmonton, AB from April 28 – May 1, 2015, making it the largest Canadian auction in Company history. The auction broke...
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May 05, 2015, 07:04 AM
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CSI Leasing, Inc. announced CSI Leasing Canada’s Aaron Tanaka has been promoted to senior vice president. Previously vice president, Tanaka also currently serves as chief credit officer, head of treasury and assistant counsel for CSI Leasing Canada...
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April 14, 2015, 07:18 AM
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Element Financial announced that it has appointed independent director William Lovatt as Chairman of the Company’s board of directors, effective as of April 1, 2015. This appointment aligns Element with optimal corporate governance standards where...
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March 26, 2015, 07:10 AM
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Ritchie Bros. sold 4,600+ equipment items and trucks for CA$84+ million (US$67+ million) at an unreserved public auction in Edmonton, AB this week, making it the Company's largest Canadian auction ever held in February. The two-day auction, held...
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February 27, 2015, 06:59 AM
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Chesswood Group announced that it has entered into an agreement to acquire Blue Chip Leasing Corporation ("Blue Chip") and EcoHome Financial Inc. ("EcoHome").Blue Chip is a tenured, prime, small ticket equipment finance company serving brokers and...
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February 26, 2015, 07:15 AM
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Element Financial Corporation announced that Mr. Harry Zander has been appointed as Senior Vice President Sales in Element’s Rail Finance vertical.“To expand Element’s presence in the North American rail finance market, we’ve brought on board a sales...
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February 25, 2015, 07:00 AM
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Wells Fargo Equipment Finance Company, a subsidiary of Wells Fargo & Co., offering equipment financing and leasing to businesses throughout Canada, announced it has hired Anthony Zambon to lead the sales and originations team in Canada. Zambon, who...
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February 23, 2015, 07:19 AM
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TVA Group, a subsidiary of Quebecor Media, announced that it has closed the acquisition of the assets of Vision Globale after obtaining Competition Bureau consent for the transaction.Vision Globale has distinguished itself in the film and television...
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December 31, 2014, 07:04 AM
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Ritchie Bros. Auctioneers conducted its largest agriculture auction of 2014 yesterday in Saskatoon, SK (December 2), selling more than CA$41 million (US$36+ million) of equipment and trucks in a single day. The unreserved public auction also set new...
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December 03, 2014, 07:00 AM
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Ritchie Bros. Auctioneers sold more than US$98+ million of heavy equipment and trucks in Edmonton, Alberta on October 28 – 30, 2014. The unreserved public auction set new records for most items ever sold in a Canadian auction (close to 6,700) and...
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October 31, 2014, 06:41 AM
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National Leasing Group announced that on November 1st, Tom Pundyk, President, National Leasing, will assume the role of President and Chief Executive Officer. Mr. Pundyk has spent his entire career with National Leasing spanning all aspects of the...
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October 30, 2014, 07:02 AM
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Ryder System announced today that C.A.T. Inc. (formally Canadian American Transportation, Inc.) has signed a full-service lease agreement for 100 compressed natural gas (CNG) sleeper tractors. This is Ryder’s first natural gas lease customer in...
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October 27, 2014, 07:17 AM
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Varion Capital Corp. ("Varion"), a subsidiary of Accord Financial Corp. ("Accord"), announced a series of strategic enhancements to its dealer programs. The enhancements are designed to streamline service, approvals and funding for small ticket...
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September 23, 2014, 07:00 AM
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GE Capital’s Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown...
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September 02, 2014, 06:57 AM
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Northstar Leasing Corporation (the "Company"), a Chesswood Group Company ("Chesswood"), announced that industry veterans Danny Lebovics and Bill Tsiobanos have joined the Company as President and Vice-President of Business Development...
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August 22, 2014, 07:06 AM
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National Leasing announced the appointment of Carol Stubits as General Manager of Ontario Sales. Stubits, who has more than 20 years of equipment financing experience, will be responsible for business development in the Construction and...
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August 19, 2014, 07:05 AM
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The Alta Group announced today that Daryl Ching has joined the team of consultants in Canada as a managing director. Ching, who has more 10 years of securitization experience, will help Alta clients prepare and negotiate for best possible terms in...
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August 12, 2014, 06:56 AM
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Dealers, manufacturers and suppliers of agriculture equipment are expecting a better or similar harvesting season compared to last year, which should positively impact equipment sales, according to survey results released today by GE Capital’s...
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July 10, 2014, 06:00 AM
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National Leasing Group Inc. (National Leasing)announced its acquisition of Norand Capital Ltd., operating as UMA Finance, a privately held commercial leasing company headquartered in Fredericton, New Brunswick. The acquisition, effective July 1, 2014...
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July 03, 2014, 07:00 AM
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Ritchie Bros. Auctioneers sold more than CA$40 million (US$36+ million) of equipment and trucks at its unreserved public auction in Montreal, QC May 21 - 22, 2014. The auction set multiple Montreal site records, including online sales (CA$18+ million...
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May 27, 2014, 06:15 AM
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Hitachi Capital Canada Corp. (Hitachi) a 100% owned subsidiary of Hitachi Capital America Corp., announced that it has closed its previously announced share purchase agreement to acquire 100% of the shares of CLE Canadian Leasing Enterprise Ltd....
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May 12, 2014, 06:50 AM
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Coast Capital Equipment Finance Ltd. (CCEF), a subsidiary of Coast Capital Savings, and Travelers Financial Corporation (TFC) announced that the assets of the prime equipment and vehicle finance business of TFC are now part of the Coast Capital Group...
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May 07, 2014, 06:49 AM
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GE Capital Canada announced an agreement with Life Fitness International Sales, Inc. to offer financing to health clubs and gyms across the country that want to buy Life Fitness equipment. The relationship with Life Fitness marks GE Capital Canada’s...
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May 01, 2014, 06:49 AM
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Key Equipment Finance announced that it has been selected as the finance partner of Winncom Technologies. Winncom Technologies is a worldwide distributor and provider of complete networking solutions.Through the partnership with Key Equipment Finance...
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April 22, 2014, 07:02 AM
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Coast Capital Equipment Finance Ltd. (CCEF), a subsidiary of Coast Capital Savings, and Travelers Financial Corporation (TFC) announced that the assets of the prime equipment and vehicle finance business of TFC will become part of the Coast Capital...
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April 17, 2014, 07:21 AM
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Element Financial Corporation (“Element” or the “Company”), one of North America’s leading equipment finance companies, announced today that it has entered into a multi-year Program Agreement (the “Program Agreement”) with Indianapolis-based Celadon...
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April 01, 2014, 07:06 AM
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Hitachi Capital Canada Corp. (Hitachi) a 100% owned subsidiary of Hitachi Capital America Corp., announced that it has signed a share purchase agreement to acquire 100% of the shares of CLE Canadian Leasing Enterprise Ltd., (CLE). CLE has been a...
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April 01, 2014, 07:05 AM
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Element Financial Corporation announced that it has closed its third railcar lease portfolio with the purchase of a further US$118 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar manufacturer in North...
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March 28, 2014, 06:30 AM
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Ritchie Bros. Auctioneers sold more than CA$57 million (US$51.5+ million) of equipment and trucks at its first Canadian auction of 2014, held at its permanent auction site in Edmonton, AB on February 26 - 27, 2014. Close to 3,800 equipment items and...
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March 03, 2014, 06:00 AM
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Element Financial Corporation (Element” or “the Company”) today reported financial results for the 12-month and three-month periods ending December 31, 2013 with all five business verticals delivering record originations volumes contributing to a 30...
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February 21, 2014, 07:00 AM
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PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. received approval today from Canada’s Office of the Superintendent of Financial Institutions (OSFI) for a license to expand commercial banking services across Canada. Established as...
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February 19, 2014, 06:59 AM
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Chesswood Group Limited ("Chesswood") announced that it has completed the purchase of all of the outstanding shares of Northstar Leasing Corporation ("Northstar"), a long-standing non-prime commercial equipment finance company, located in Barrie...
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February 04, 2014, 07:01 AM
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Accord Financial Corp. (“Accord”) announced that it has completed the strategic acquisition of Varion Capital Corp. (“Varion Capital”), a Canadian lease finance company founded in 2004. The acquisition expands the range of asset-based financial...
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February 04, 2014, 07:00 AM
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LeasePlan Corporation N.V., the world’s leading fleet management and driver mobility company, today officially launched LeasePlan Canada (LPCA). In November 2013 LeasePlan announced that it would expand its North American service offering to include...
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January 31, 2014, 07:03 AM
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Element Financial (“Element” or the “Company”), announced that it has completed its second railcar portfolio acquisition with the purchase of a further US$396 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar...
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January 29, 2014, 07:00 AM
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To help the Canadian Finance & Leasing Association (CFLA) members benchmark their business and to provide industry leadership, PayNet Canada, the premier provider of risk management tools and market insight to the commercial credit industry announces...
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January 27, 2014, 07:03 AM
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Element Financial Corporation (“Element” or the “Company”), announced that it expects to organically originate more than $3.8 billion of new equipment loans and leases during 2014 across the Company’s five North American market verticals representing...
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January 15, 2014, 07:04 AM
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Commercial Credit Group Inc. through its wholly owned subsidiary CCG Equipment Finance Limited (“CCG”), announced the establishment of its operations in Canada. CCG will initially serve the construction, transportation and waste industries in the...
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January 14, 2014, 07:05 AM
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The cautiously optimistic manufacturing sector is investing in the future and pursuing new business, according to PLANTMagazine’s Manufacturers’ Outlook 2014: Pursuing opportunities for growth, sponsored by Grant Thornton LLP. The survey suggests...
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January 14, 2014, 06:55 AM
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Reuters reports that according to a PayNet survey, commercial borrowing by small and medium-sized businesses in Canada jumped to a record high in the third quarter as companies invested more to meet demand for their goods and services.According to...
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December 17, 2013, 07:00 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced that it has been named the preferred inventory financing provider for Visionary Motorsports Ltd., expanding a relationship that began in 2008.Based in Edmonton, AB, Visionary is...
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December 10, 2013, 06:41 AM
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Ritchie Bros. Auctioneers conducted its largest ever agriculture auction, in Saskatoon, SK, on December 3, 2013, selling more than US$40+ million of equipment and trucks in a single day. The unreserved public auction also set a new Saskatoon site...
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December 05, 2013, 06:55 AM
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GE Capital, Canada today announced it has provided $1.9 million in equipment financing to Koss Aerospace, a Tier-2 manufacturer of structural aircraft components and assemblies. The funds are being used to finance the acquisition of state of the art...
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November 22, 2013, 06:45 AM
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First Financial Corporate Services, Inc. (FFCSI), a premier provider of medical, material handling and IT equipment leasing solutions, announced its expansion into Canada and the formation of FF Canadian Leasing, Inc. (FFCLI). As one of the largest...
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November 20, 2013, 08:00 AM
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National Leasing, a leading provider of asset financing solutions and member of the Canadian Western Bank Group was recognized for its 7th consecutive year as one of the Top 50 Best Small and Medium Employers in Canada. "National Leasing just...
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November 08, 2013, 06:29 AM
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CIT Canada announced the appointment of Douglas McKenzie as Specialty Finance Leader, effective immediately. He will report directly to Blake Macaskill, Managing Director, CIT Canada. McKenzie will be responsible for building CIT Canada’s Franchise...
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October 11, 2013, 06:45 AM
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Element Financial Corporation (“Element” or the “Company”) announced that it has entered into a North American vendor finance agreement (the “Agreement) with Lion Buses Inc. (“Lion”) of St. Jerome, Quebec, one of North America’s leading anufacturers...
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October 01, 2013, 07:02 AM
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Element Financial Corporation (“Element” or the “Company”) announced that the company’s aviation finance business unit, acting as lessor, lender or lead arranger, has successfully leased or financed more than 100 aircraft since the inception of this...
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October 01, 2013, 06:59 AM
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PayNet, a firm that provides risk management solutions and market insight to the Canadian Commercial Finance Industry reports strong investment by privately-held Canadian businesses. The Canadian Business Lending Index (CBLI) which measures the...
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September 19, 2013, 07:01 AM
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GE Capital’s Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue...
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August 13, 2013, 06:50 AM
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Ritchie Bros. Auctioneers set new Company records during an unreserved public auction in Saskatoon, SK on August 7, 2013 by selling 135 combines for more than CA$15.5 million. The Company broke its records for the largest number of combines ever sold...
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August 12, 2013, 07:02 AM
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The Canadian financing and leasing industry is seeing continued growth with new opportunities on the horizon, according to Blake Macaskill, Managing Director of CIT Canada at CIT Group Inc. This view and others, are presented in “Equipment Financing...
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August 07, 2013, 07:02 AM
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Canada’s economy rebounded in the first quarter of 2013 as GDP grew at a 2.5 percent annual rate. Struggles in the manufacturing sector may limit growth in 2013, but there is potential for a turnaround in 2014, according to a report from the...
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August 05, 2013, 06:59 AM
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CIT Vendor Finance announced that it was named a preferred leasing provider of Konica Minolta Business Solutions (KMBS), a leader in advanced document management technologies, application solutions and IT Services, in Canada. CIT Vendor Finance is...
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August 02, 2013, 07:06 AM
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Reuters reported that commercial borrowing by small and medium-sized businesses in Canada climbed in the first quarter, driven by robust domestic and global demand, according to the latest PayNet survey.PayNet, which tracks commercial financing for...
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May 29, 2013, 06:57 AM
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Toronto-based CSI Electronics Processing Centre (CSI EPC), a wholly-owned subsidiary of CSI Leasing Canada, has expanded its operations by purchasing TopFlight Asset Services in Calgary, Alberta. The acquisition complements CSI EPC’s existing...
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May 23, 2013, 07:07 AM
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Element Financial Corporation (“Element” or “the Company”) announced several changes to the Company’s board of directors aimed at bringing increased independence and a broader regional perspective to the work of the board and its committees.In this...
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May 07, 2013, 06:50 AM
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Element Financial Corporation ("Element" or "the Company"), announced that it has commenced rebranding the operations of the recently acquired CoActiv Capital Partners under Element's North American identity. Effective immediately, the legal name of...
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May 03, 2013, 07:16 AM
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Ritchie Bros. Auctioneers sold more than CA$104 million (US$102+ million) of trucks and heavy equipment during a record breaking three-day unreserved public auction at its permanent auction site in Edmonton, Alberta last week, from April 24 - 26...
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April 29, 2013, 07:06 AM
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GE Capital’s Commercial Distribution Finance (CDF) business is adding resources to support Canadian manufacturers and dealers of agricultural equipment. Through increased credit capacity and an expanded, experienced sales force, CDF plans to...
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April 24, 2013, 07:00 AM
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In an exclusive interview featured on Bloomberg, Element Financial's Chief Executive Officer Steve Hudson said selling repackaged leases to life insurance companies helped his Canadian firm avoid the “financial market heroin” that almost ruined his...
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April 11, 2013, 07:14 AM
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Canadian businesses remain confident about their business prospects for 2013, according to the latest BMO Small Business Confidence Report. While the unemployment rate rose to 7.2 per cent, employment is still up 1.2 per cent from year-ago levels....
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April 08, 2013, 07:10 AM
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CIT Vendor Finance announced the appointments of Michael Fox as Sales Director for Transportation and Construction and Michael Oksiutik as Associate Director for Business Development. Fox will be responsible for leading sales activities and achieving...
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April 03, 2013, 07:15 AM
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Teranga Gold Corporation ("Teranga" or the "Company") announced that it has entered into a $50 million Equipment Finance Facility with Macquarie Bank Limited ("Macquarie") (the "Equipment Facility"). The Equipment Facility replaces, in its entirety...
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April 01, 2013, 06:35 AM
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Ritchie Bros. Auctioneers sold more than CA$57 million (US$55+ million) of heavy equipment and trucks during an unreserved public auction at its permanent auction site in Edmonton, Alberta last week, on March 7 & 8, 2013. The auction featured a large...
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March 13, 2013, 07:00 AM
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Reuters reported commercial borrowing by small and medium-sized businesses in Canada achieved its highest level since 2008 in the last three months of 2012, with a much smaller percentage of the businesses reportedly behind on their payments...
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February 28, 2013, 07:00 AM
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Element Financial Corporation (“Element” or “the Company”), Canada’s leading independent equipment finance company, reported that record origination levels of $689.3 million contributed to revenue of $57.9 million, operating income of $14.9 million...
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February 20, 2013, 07:28 AM
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PayNet announces the release of the PayNet MasterScore which is now available on the Credit History Report to help Canadian equipment finance lenders enhance their credit granting process. PayNet MasterScore is the most predictive credit score ever...
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January 22, 2013, 07:22 AM
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Element Financial Corporation (“Element” or the “Company”), Canada’s leading independent equipment finance company, announced that it has completed the previously announced acquisition of 100% of the shares of Nexcap Finance Corporation (“Nexcap”)...
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January 21, 2013, 07:00 AM
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The Canadian manufacturing sector is confident the coming year will be a good one, according to the recently released 2013 Business Outlook Survey by Grant Thornton LLP and PLANT Magazine. Sixty-one per cent of survey respondents expect orders to...
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January 16, 2013, 07:00 AM
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GE Capital's Commercial Distribution Finance (CDF) business announced today that it will continue to be the exclusive provider of inventory financing for the Husqvarna Group's independent dealer network in the U.S. and Canada. Headquartered in...
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January 10, 2013, 07:30 AM
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Element Financial Corporation ("Element" or the "Company"), announced that it has entered into a definitive agreement to acquire Nexcap Finance Corporation ("Nexcap") for approximately $20 million plus the assumption of existing net debt (the...
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December 28, 2012, 07:30 AM
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Hitachi Capital Canada Corp (HCC) celebrated the launch of their Canadian business platform in grand style at the Ritz-Carlton Toronto on December 13, 2012. Hitachi Capital America (HCA) celebrated the conclusion of an extensive project to establish...
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December 24, 2012, 07:53 AM
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Reuters reported commercial borrowing by Canadian companies hit the highest level in the third quarter since early 2009, a PayNet survey showed on Wednesday, suggesting businesses played an outsized role in supporting the economy ad growth...
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December 13, 2012, 07:30 AM
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Ritchie Bros. Auctioneers conducted its largest ever Quebec and Saskatchewan auctions this week—selling more than CA$42 million (US$43+ million) of equipment in Montreal, QC (December 5 - 6, 2012) and CA$30 million (US$30+ million) in Saskatoon, SK...
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December 10, 2012, 06:58 AM
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Element Financial Corporation ("Element" or the "Company") announced that it has completed the previously announced acquisition of 100% of the shares of Horsham, Pennsylvania-based CoActiv Capital Partners, Inc. ("CoActiv") from Marubeni America...
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December 03, 2012, 07:22 AM
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National Leasing has been added to the list of Canada's 10 Most Admired Corporate Cultures, as presented by Waterstone Human Capital. National Leasing was a regional winner of the Canada's 10 Most Admired Corporate Cultures program in 2011, and its...
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November 30, 2012, 06:39 AM
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Element Financial Corporation ("Element") is pleased to announce that it has amended the terms of its previously announced private placement bought deal offering of special warrants of Element ("Special Warrants") to increase the size of the offering...
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November 12, 2012, 07:36 AM
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Element Financial Corporation ("Element" or the "Company"), Canada's leading independent equipment finance company, today announced that it has entered into a definitive agreement with Marubeni America Corporation and Marubeni Corporation...
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November 09, 2012, 08:00 AM
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The sentiment of Canadian chief financial officers (CFOs) of middle-market companies on the state of their own industry and the strength of the national economy remained steady and positive in the third quarter, according to the latest GE Capital Mid...
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November 09, 2012, 07:00 AM
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Element Financial Corporation ("Element" or "the Company"), Canada's leading independent equipment finance company, today reported that record origination levels of $219.7 million contributed to revenue of $19.6 million, operating income of $5.4...
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November 07, 2012, 07:19 AM
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Crystal Financial LLC, an independent commercial finance company, announced it has provided a CAD $40 million loan facility—in the form of senior secured debt—to Red Ash Capital LP, a company associated with Hilco UK Limited to facilitate the...
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October 31, 2012, 07:00 AM
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Ritchie Bros. Auctioneers sold more than $61 million of heavy equipment and trucks during an unreserved public auction in Edmonton, Alberta on October 24 & 25, 2012. More than 5,400 registered bidders competed for more than 4,900 equipment items and...
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October 29, 2012, 07:00 AM
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Effective October 1, Hitachi Capital America Corp. (HCA) has established a wholly owned subsidiary in Canada, Hitachi Capital Canada Corp. (HCC). It will be based in Burlington, Ontario and will initially be targeting the truck transportation market...
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October 01, 2012, 07:55 AM
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Ritchie Bros. Auctioneers sold close to $54 million of heavy equipment items during a two-day unreserved public auction at the Company’s site in Edmonton, Alberta on Wednesday & Thursday, September 5 & 6, 2012. Almost 5,000 registered bidders...
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September 10, 2012, 07:28 AM
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IronPlanet announced the addition of Sue McGregor as managing director for Canada. Sue will be responsible for expanding sales and operations in Canada, a key revenue growth market for IronPlanet.“Sue brings over 20 years of proven experience...
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August 22, 2012, 07:06 AM
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Element Financial Corporation ("Element"), Canada's leading independent equipment finance company, announced that it has appointed Troy Campbell as President of its wholly-owned subsidiary, Transportation Lease Systems Inc. ("TLS Fleet Management" or...
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August 13, 2012, 07:27 AM
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Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp named Mike Casey vice president of business development for its Canadian operations. In this role, Casey will be responsible for...
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August 07, 2012, 07:00 AM
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Outlook is Positive for Equipment AcquisitionsMore than three-quarters of U.S. middle market executives said their companies will make at least one capital goods acquisition of significant value over the next six to 18 months, according to Vince...
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August 02, 2012, 07:33 AM
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Ecologic Leasing Services announced today that Nella Schwarz has joined the Company as Director, Business Development, Vendor Programs, Latin America. "Ecologic Leasing Services hired Nella Schwarz to manage vendor captive programs for our US and...
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June 18, 2012, 07:25 AM
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Reuters reported that according to PayNet, Canadian commercial lending activity rose to its highest level in nearly three years in the first quarter, signaling the country's small-business economy is emerging from the shadow of therecession. ...
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June 07, 2012, 07:30 AM
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Financial Pacific Leasing is pleased to announce their entrance into the Canadian marketplace. FinPac is now accepting applications for leases in the following Canadian provinces:
Ontario
British Columbia
Alberta
Manitoba
Saskatchewan
Nova...
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June 05, 2012, 04:00 PM
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Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp announced that President Adam D. Warner, who is also vice chairman for the Equipment Leasing and Finance Association (ELFA) board of...
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May 22, 2012, 07:30 AM
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Element Financial Corporation ("Element"), one of Canada's leading independent equipment finance companies, announced that it has entered into a definitive agreement to acquire 100% of TLSI Holdings Inc., the holding company of TLS Fleet Management (...
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May 16, 2012, 08:00 AM
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Element Financial Corporation ( (“Element”), one of Canada’s leading independent equipment finance companies, today announced ahead of plan originations and profitability and financial results for the first quarter of calendar 2012.“The financial...
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May 15, 2012, 07:30 AM
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Canadian chief financial officers of middle-market companies are positive about the current state of their own industry as well as the domestic economy, according to the first Canadian Mid-Market CFO Survey by GE Capital, Canada. Moreover, 40% of...
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May 08, 2012, 07:30 AM
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Canadian commercial lending edged up for the fifth straight time in the final quarter of last year and reached its highest since 2009, suggesting a pickup in investment that should help keep the economy growing.PayNet, which tracks commercial...
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March 15, 2012, 07:00 AM
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Hugh Swandel, senior managing director of The Alta Group in Canada, announced the establishment of a $50 million facility for CLE Leasing, an independent provider of equipment leasing and financing to businesses across Canada.TAO Asset Management...
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March 08, 2012, 08:00 AM
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Element Financial Corporation one of Canada’s leading independent equipment finance companies, providing equipment financing to owner/operators and to small and medium-sized businesses across North America, announced financial results for the fourth...
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February 24, 2012, 06:45 AM
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PayNet, Inc., a premier provider of risk management tools and market insight to the commercial finance market, has appointed Anthony Zambon as Director, Canadian Market.To fill in thin credit information on private companies, Mr. Zambon will help...
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February 23, 2012, 06:00 AM
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Key Equipment Finance has named Jonathan Katz as vice president of business development for its Canadian operations. In this role, Katz will be based out of the Canadian office in Burlington, Ontario, and be responsible for enhancing, structuring and...
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February 21, 2012, 01:00 PM
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Transport Topics reported Daimler Trucks raised fourth-quarter earnings before interest and taxes 5% to $569.7 million, reflecting a 22% increase in worldwide truck sales.According to the report, fourth quarter worldwide truck sales rose to 129,404...
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February 10, 2012, 06:30 AM
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