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21Jul 09

Finding Ways To Battle The Recession

This just in: Canada is in a recession. In fact, nearly two months ago, The Toronto Star Business Reporter, Rita Trichur wrote that "Statistics Canada confirmed (that) the economy contracted at an annualized rate of 5.4 per cent in the first quarter. That follows a 3.7 per cent drop in the fourth quarter of 2008 – meeting the definition of…

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21Jul 09

Struggling Economy Affecting Olympians

As we all know, Canada is gearing up to welcome back the Winter Olympic Games this coming February. Vancouver and Whistler, B.C. are set to co-host the international sporting event which - as mentioned in the Synergy Merchant Services Blog last week - should hopefully help to somewhat strengthen the Canadian economy. While arguments can be made that the 2010…

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17Jul 09

Bank Loans Getting Harder To Come By

One of the most common phrases we hear from our clients at Synergy Merchant Services is "my bank turned me down". Ironically, many business owners throughout Canada who have long developed relationships with financial institutions find that they are not being approved for small business loans. Many owners go so far as exclaiming that they feel "betrayed" as they thought…

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