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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (140259)	3/27/2018 11:55:05 AM
From: louel	Respond to of 217749

That is true we have over 50 years arranged funding from numerous sources. Investment banks Like National accept more risk when economy struggles. GE Capital even a greater amount. But normally at a higher interest rate. RBC and the other 4 big Can banks provide for low interest rates but their lending criteria is not near as flexible. Most Canadian banks are rigid in bad times . Probably why only one bank in Canada has ever failed and investors have lost money. That was the home bank in 1923. The formation of Government's CIDC Body in 1967 closely regulates Canadian banking. Should finances get wobbly as the case in 43 Trusts and a couple of bank startup attempts. They are forces to fold into one of the financially secure establishments. Bank of BC for example when financially distressed, was simply assumed by the Hong Kong Bank of Canada (HSBC) No depositor lost any of their funds. Nor any where else since it's inception of the CIDC. Unlike the US banking industry where hundreds of smaller banks collapsed, gutting their depositors. When the economy is flourishing firms like Parker equipment, Finning and others. For long term secure customers will sell an item on heir parts account, cover it with their pension trust funds or do an in house rental purchase or lease. Handling it themselves. Where finance is arranged if required depends of the economic out look at the time. Opportunity windows close quickly. Not being on top of where funding is available during any period is not only a detriment, but can lead to disaster. Financial arrangements are made prior to, not post bid. . When a job is bid and the performance deposit is laid out. The bidder had better have all the ducks already lined up. Failing to complete the contract or job bid on. Can relegate future bids to the waste paper basket for a long time. The last thing a company wants in a project is having to find a new firm to complete it at the half way point. Or the contract holder does not have adequate equipment or resources to complete on time. Breach of contract suits are not uncommon. I