Business Finance News

Business Financial News - Nov. 25th, 2008

Pension Investment Association of Canada (PIAC) Calls on Finance Ministers to Ensure the Stability of Canada's Retirement System

TORONTO, Nov. 25 /CNW/ - The Pension Investment Association of Canada
(PIAC) has written to all of the Finance Ministers across the country asking
them to take action to ensure the stability of Canada's retirement system.
Over the past several years, PIAC has made numerous submissions to
various governments urging changes that will enhance the capacity of pension
plans across the country to respond to changing financial and demographic
trends. The recent market events and world-wide credit crunch have the
potential to put severe strain on Canada's pension system and urgent action is
required to ensure that pension plans, and in the case of private sector
plans, the employer sponsors behind them, are able to weather the current
financial crisis.

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B.C.'s budget takes a hit
$3-billion revenue drop won't affect key programs, Hansen says
Jonathan Fowlie, Vancouver Sun
Published: Tuesday, November 25, 2008

VICTORIA -- The rippling effects of the global financial crisis are expected to drain at least $3 billion from the provincial government's revenues over next three years, Finance Minister Colin Hansen said Monday.

The significant drop means Premier Gordon Campbell's Liberal government will have to cut spending, or live within a much narrower margin in the coming years, or break its promise to maintain a balanced budget.

Hansen acknowledged the dramatic changes in world economies in recent months, and the volatility that has been imposed on British Columbia as a result.

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Infrastructure building 'key' to Ottawa's recession fight
John Greenwood, Canwest News Service
Published: Monday, November 24, 2008

TORONTO - Ottawa wants to build billions of dollars of bridges, hospitals and other infrastructure as a way to lessen the blow from the financial crisis, Finance Minister Jim Flaherty said Monday.

Speaking at a conference in Toronto, Flaherty said investments in infrastructure will be "a key part" of the government's strategy to stimulate the economy.

But some observers say there's a problem with the plan. The government wants to deliver the projects through so-called public private partnerships (P3), where projects are built and financed by the private sector, but according the government's requirements. But while the P3 model has gained acceptance in much of the world, there is rising concern that the credit crunch has made it almost impossible to finance new P3s.

How to Finance Your Business Through Factoring Receivables Invoices

Maintaining consistent cash flow is one of the biggest challenges faced by small and medium scale business enterprises today. The cash flow constraints particularly occur in businesses that offer credit facilities. According to cash flow management experts many debtors have a tendency of failing to honor their pledges to clear their debts within a stipulated period of time that may between 30 and 60 days. It is during such circumstances that a business entity may be required to rise to occasion by supplementing its operations through sourcing of funds either internally or externally to boost the cash flow.

One of the convenient ways of sourcing for funds is invoice factoring. Factoring refers to the process of speeding up cash flow in your business by selling the credit worthy invoices for cash. The viability of factoring as one of the most effective debt collection methods has been a blessing to many small and medium scale business enterprises.

This cash flow tool has been around for many years and has effectively evolved into a very important moderator preferred by many small business enterprises for use in competing effectively with larger businesses. Therefore by factoring invoices, small or medium scale business entrepreneurs can offer flexible terms of sale with the confidence that they will have cash for their sales within a short period of time. By so doing, your business will regain ground and your cash flow needs will be resolved without you having to waste time and money calling and seeking for your debtors for payments.

Today, there are several companies that have invented pragmatic, friendly and convenient methods of supplementing cash flow for business without burdening business entrepreneurs with excessive interest rates and time wasting application procedures. I recommend cash flow management experts to both current or prospective business entrepreneurs. This site contains amazing information about financial offers for cash infusion programs that are designed to assist business entrepreneurs overcome cash flow crisis. This particular blog contains direct links a leading international financing company, the MBS Financial LLC. Business entrepreneurs seeking to regain control of cash flow in their business can access the credit application pages for a quick loan at MBS through the direct links recommended by cashflow management experts

Business Finance News

Business Financial News - Nov. 20th, 2008

Tops financial stories in the business world happening in Canada today!

Canada Stocks Fall, Led by EnCana, TD Bank, on Oil, Debt Losses

Nov. 20 (Bloomberg) -- Canadian stocks tumbled toward their worst year ever, led by banks and energy producers, after Toronto-Dominion Bank reported credit trading losses and oil prices fell below $50 a barrel for the first time in two years.

The Standard & Poor's/TSX Composite Index fell 3.4 percent to 8,198.30 at 9:47 a.m. in Toronto, extending the market's drop this year to 41 percent. Such a retreat would be its worst year ever, surpassing a 37 percent slide in 1931.

The S&P/TSX, which gets almost three-quarters of its value from finance, energy and mining shares, had fallen 44 percent before today from a June record as global credit losses approached $1 trillion and commodity prices slumped.

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1 billion dollar bailout- Chrysler Canada

Chrysler Canada Inc has asked the Canadian and Ontario governments for C$1 billion in financial assistance to help it through the global economic crisis, making it the first Canadian automaker to specify how much it is seeking, the Globe and Mail reported on Thursday. However, the newspaper, citing sources, said the company had not specified what form of assistance it wants or how the payout would be split between the two levels of government.

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The outlook's bleak and getting bleaker

OTTAWA -- Canada's already bleak economic outlook will likely deteriorate further.

That was the warning yesterday from Bank of Canada governor Mark Carney, who reiterated that more interest-rate cuts will almost certainly be needed to stimulate growth, and from Statistics Canada's barometer of the short-term outlook for the economy, which was undercut by plunging stock markets.

While the Harper government in its speech from the throne was promising to "protect Canadians in difficult times," their deeply depleted investment savings were being further eroded by another steep drop in stock markets, which added to the darkening economic mood.

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