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Published on Jun 16, 2010
SME Roundtable Forum Ottawa, ON Wednesday, June 9, 2010
Canadian SMEs were better equipped to weather the latest global financial crisis than was the case during the recession of the early 1980s and early 1990s. This is largely due to a greater awareness by traditional lending institutions of SME concerns, borne of a stronger customer focus and orientation toward building lasting lender/investor/business relationships.
Businesses are now faced with a relatively strong Canadian economy overshadowed by a precarious global economic outlook. The result is an overtly cautious, risk averse behaviour throughout the SME sector pending a strengthening of global economic indicators.