Press Release Department: Federal - Business Development Bank

BDC is expanding its commitment to address anti-Black systemic racism and to support Black business owners by partnering with six new partners  across Canada: Black Business Initiative (BBI) (Atlantic), Groupe 3737 (QC), Audace au Féminin (QC), Founders Fund (Ontario), Black Business Association of British Columbia (BBABC) (BC), and the Canadian Black Chamber of Commerce (CBCC). “Our commitment is to ensure all entrepreneurs across Canada have access to … Read more

As the second wave of the COVID-19 pandemic intensifies, Canadian entrepreneurs are gradually regaining confidence in the Canadian economy, despite additional health restrictions, according to BDC’s 2021 Outlook on Canadian Entrepreneurs’ Investment intentions survey. The poll, conducted in December, looks at entrepreneurs’ level of confidence in the economy, business and hiring outlooks, as well as investment plans over … Read more

The Business Development Bank of Canada highlighted its commitment to supporting the Canadian cleantech sector, announcing that it has invested more than half a billion dollars in Canadian cleantech firms since 2018. “Even in this difficult economic environment, we continue to find and support strong, investable Canadian cleantech firms,” said Susan Rohac, Vice-President, BDC Cleantech Practice.  “Some … Read more

Although e-commerce has exploded since the COVID-19 pandemic and nearly 85 per cent of consumers now buy online, only 46 per cent of Canadian entrepreneurs plan to sell virtually after the health crisis, according to a new BDC study titled, Profit from e-commerce: How to compete in the online marketplace. “We know that businesses already … Read more

The Business Development Bank of Canada released a report which examines the state of Canadian business owners’ mental health during the COVID-19 pandemic. The survey revealed while nearly two-thirds say they are adjusting to the COVID-19 context (64 per cent), and nearly one-third (29 per cent) say it varies from day to day. “Last year, BDC made … Read more

BDC Small Business WeekTM is going completely virtual this year with exclusive events taking place this week, highlighting the resilience and innovation of entrepreneurs in the face of today’s unprecedented challenges. In a recent survey, BDC found out that 63 per cent of entrepreneurs cite innovation and creativity as necessary to survive the current situation. “The … Read more

Most small and mid-sized enterprises are looking ahead and taking action to prepare for the future despite COVID-19, according to BDC’s study, The Response: How Entrepreneurs Are Adapting to the Pandemic. “Canadian entrepreneurs are looking to the future and showing ingenuity in adapting to the challenges of our new business environment,” says Pierre Cléroux, BDC’s … Read more

BDC, Canada’s bank for entrepreneurs, released its 2020 fiscal year financial results, highlighting the support it provided to more than 62,000 small- and medium-sized businesses for the period of April 1, 2019 to March 31, 2020. The year was punctuated with several events, ending with the start of an unprecedented lockdown as a result of the … Read more

As Canada moves into its third month of lockdown, BDC is taking stock of the situation to date, and looking forward to how it will further support economic recovery in the months ahead. The Bank has initiated the BDC Capital Bridge Financing Program – convertible notes for eligible Canadian start-ups with a current financing round being raised through qualified … Read more

With the goal of helping Canadian medium-sized businesses face the financial challenges brought on by the COVID-19 pandemic, BDC, Canada’s bank for entrepreneurs, announced the creation of the Mid-Market Financing Program. The objective of the new program will be to bring liquidity to medium-sized companies particularly impacted by COVID-19 and whose credit needs exceed what is already … Read more