Canadian credit union system responds to announcement issued by Canada’s banks and insurance companies on new growth fund

Source: Canadian Business Journal.

TORONTO, ON–(Marketwired – March 09, 2017) – This morning, Canada’s large banks and insurance companies issued a statement regarding a Canadian Business Growth Fund which will allow them to increase their investment in the small-and-medium sized (SME) business sector. The federal government has welcomed this initiative. The Canadian Credit Union Association (CCUA) welcomes industry and government efforts to grow the SME sector in Canada. Canada’s credit unions have a long standing, deep commitment to supporting small business in Canada. Collectively Canada’s credit unions and caisses populaires are responsible for 18.5 percent of lending to the SME sector — a share… Read More at: Canadian credit union system responds to announcement issued by Canada’s banks and insurance companies on new growth fund


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