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Online News Archive

Editor: Leslee Mason email Leslee

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May-June 2010

Amex Canadian survey finds significant drop in businesses reporting a downturn and financial outlook stable

June 29, 2010--The quarterly American Express Small Business Index has climbed to its highest level in more than a year as 35 per cent of respondents reported business is improving. The index suggests Canadian small business owners believe that business conditions are turning, as the number of small business owners who are hopeful has stabilized.

The index, which is a key part of the quarterly American Express Small Business Monitor and measures and assigns a grade to the confidence, performance and attitudes of small business owners from coast to coast, climbed to 66 per cent, or a letter grade of C, in May, compared with 61 per cent or C- in March 2009 when American Express and Angus Reid Public Opinion began tracking attitudes of Canadian small business owners during the depths of the recession.

Flaherty announces task force to review payments system

June 18, 2010 --The Honourable Jim Flaherty, Minister of Finance, today announced the launch of the Task Force for the Payments System Review to help "guide the evolution" of the payments system in Canada.

“Today, Canadians can pay for things in a bewildering number of ways, even by tapping a cell phone against a scanner,” said Minister Flaherty. “It is important to ensure the payments system facilitates the introduction of new and exciting technologies to the benefit of users without compromising Canadian safety and efficiency or consumer protection."

Note--Payments Business will be following this story and publishing frequent updates online.


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