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25Oct 08

Finance Minister Jim Flaherty Warns Of Credit Crisis

The spill-over from the financial crisis that started in the United States could soon make it tougher for Canadian business owners and corporations to borrow cash from their traditional sources, Finance Minister Jim Flaherty warned this week. Flaherty told a news conference the credit crunch has gotten worse in the last few days and will have "real consequences" for Canadian…

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11Oct 08

The Funding Market Affected By Declining Economic Times

I am writing you today to provide some guidance on the impact of the ongoing financial crisis on the Canadian Merchant Funding business in general & specifically to Synergy Merchant Services. The most notable changes in our marketplace are as follows. Canadian Market: The tightening of the credit markets across Canada has forced the big banks to limit the number…

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