Bank of Canada backs small business fund by lenders: Reuters
The Bank of Canada wants the country's banks to start a fund that would invest in small- and medium-sized businesses in Canada to help foster better global expansion for domestic companies, Reuters reported, citing a story by the Globe and Mail. The plan would see banks and potentially pension funds and insurers put money into a private sector fund of at least $1 billion that would make debt and equity investments of $2 million to $20 million in Canadian companies.
8 August 2016•1 min read
