In celebration of Women’s Entrepreneurship Day on November 19, BDC is launching a series of discussion groups hosted by Isabelle Hudon, BDC’s first female President and CEO. In the new year, Isabelle will visit cities from coast to coast to meet and listen to women business owners, particularly those in industries hit hardest through the pandemic … Read more
Entrepreneurs who choose to grow through acquisition are twice as likely to experience sales growth above their industry average as those who grow organically, says a new BDC study entitled Business Acquisitions: A Strategy That Drives Growth. “Growth through acquisition has several advantages, including adding new resources to address a labour shortage and accessing more … Read more
This year’s edition of BDC Small Business WeekTM is an opportunity for Canadian entrepreneurs to learn how to build a (better) way forward in a landscape that has disrupted the way we do business at an unheard-of rate in the last 18 months. SBW is all about navigating a new business environment, where over 80 … Read more
BDC has been recognized by Global Finance as the Best in SME Digital Banking in North America for the 2021 World’s Best Digital Corporate/Institutional Bank Awards. “We are excited to be recognized for this work with a World’s Best Digital Bank Award,” said Stephane Bilodeau, Chief Information Officer, BDC. “Our job is to move at the speed of entrepreneurs. … Read more
More than half (55 per cent) of Canadian entrepreneurs are struggling to hire the workers they need, leaving them working longer hours and delaying or refusing new orders, according to the study, How to Adapt to the Labour Shortage Situation: Hiring Difficulties Are Not Going Away, released by the Business Development Bank of Canada. “As the economy recovers, … Read more
BDC released a new report, which examines the perception of remote work among Canadian businesses and employees, after more than a year into the COVID-19 pandemic. The survey revealed that 74 per cent of entrepreneurs plan to keep offering their employees the ability to work remotely, even once it is safe to return to the office. … Read more
BDC Capital announced the launch of its new Growth Venture Co-Investment Fund, a $300 million venture capital fund targeting late stage growth companies. “During the life of the initial Co-Investments Fund we were pleased to find both a strong appetite for collaboration among investors and significant market demand,” said Jérôme Nycz, Executive Vice President, BDC … Read more
BDC Capital announced the launch of Growth Equity Partners Fund II, committing an additional $250 million in capital to support Canadian entrepreneurs. Fund II brings the amount under management by BDC Capital’s Growth Equity Partners to $425 million, all of which is aimed at empowering Canadian entrepreneurs to accelerate their growth strategies and scale into … Read more
For Canadian Mental Health Week happening May 3-9, BDC released their third report today tracking the state of Canadian business owners’ mental health during the COVID-19 pandemic. The survey found that 70 per cent of entrepreneurs said they have things under control (compared with 57 per cent in November 2020) and most (51 per cent) were satisfied with their … Read more
BDC has launched its first-ever client-facing app, BDC Mobile, designed to give entrepreneurs more control and insight into their finances. The app allows users to track account information, monitor the financial health of their business and reach financial goals, 24/7. “Being the bank for entrepreneurs, we are dedicated to supporting Canadian business owners through digital solutions … Read more
