Articles About Canadian Lenders Association

CLA’s Open Letter to Canadian Government: Why Small Businesses Need FinTech Lenders to Survive COVID-19

On March 17th, Prime Minister Justin Trudeau announced the Business Credit Availability Program, which dedicates $10 billion to support small businesses through the COVID-19 pandemic. The funds would be disbursed to eligible businesses via the Business Development Bank of Canada (BDC) and Export Development Canada (EDC). Businesses that qualify would receive working capital loans of…

Addition of BMO Exec to CLA Board Further Proof “Alternative” Label is Out-dated

The line between traditional and so-called “alternative” lending got blurrier today as the Canadian Lenders Association announces the addition of Lyla Kanji—the Head of Loan Syndication and Specialty Finance, Canadian Commercial Banking at BMO Financial Group—to its board.

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