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COMMERCIAL AND INDUSTRIAL
Equipment and Vehicle
Finance & Leasing
December 2009 Issue
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 This e-letter is delivered periodically as a means to keep you apprised of industry updates from Travelers Financial Corporation.
We hope you will find its content about varied industries and topics helpful in competing in today's economy. If for any reason you wish to remove your address from our distribution list, please use the SafeUnsubscribe feature at the end of this message and you will be immediately removed. Thank you kindly. | |
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Prorated Licensing on Schedule
ICBC officially implemented prorated daily licensing for commercial vehicles as of November 15, 2009, a change originally recommended by BCTA. This change will potentially save motor carriers that cancel a vehicle's registration up to a month's worth of licence fees, depending on the date of cancellation.
BCTA's intervention on this policy was prompted by a member request. We encourage members to identify problems like these so that BCTA can continue to work for fair regulation and enforcement on the industry's behalf.
Source: BCTA The Bulletin |
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January 1, 2010: Proposed BC ban on the use of hand-held cell phones and other electronic devices while driving comes into effect. In the proposed legislation, hands-free, push-to-talk technology and two-way radios are exempt for the transportation industry. If approved, enforcement begins in February 2010. Saskatchewan ban on using hand-held cell phones (but not all electronic devices) is effective on the same date. |
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GO FOR THE GOLD!
Celebrate the 2010 WINTER OLYMPICS
Enter to win 2 TICKETS to an Olympic Event
It's easy. Simply complete a Travelers Credit application, or provide a referral to someone who completes a Travelers Credit application, and upon credit approval your name will be entered into a random draw for
Two tickets to an Olympic Event
Location and date TBD, but it will be in the Lower Mainland!
Contest closes on Draw date: January 29, 2010
Note: Actual credit approval does not have to be advanced to be eligible. Simply be pre-approved with no further obligation. Chances on winning based on number of applications approved. Please contact Andrew David at 604-671-5432 for further details. |
BC Economic Forecast Council ups projection for faster growth in 2010
 The B.C. Economic Forecast Council has improved its growth projections for B.C.'s economy in 2010 due to increases in housing starts and recent improvements in the mineral resources sector and commodity markets. The Council now expects the economy to grow by 2.9% instead of 2.5% projected growth reported in the Ministry of Finance's September budget update. The range of growth projections was between a low of 2.2% by Laurentian Bank Securities Chief Economist Carlos Leitao and a high of 4.2% by Marie-Christine Bernard, the Conference Board of Canada's associate director of provincial economic trends. The 14-member council also forecast 2011 growth at an average 3.2%. The range was between a low of 2.2% by Central 1's Helmut Pastrick and Ernie Stokes and a high of 4.1% by CIBC's Warren Lovely and Bank of Montreal's Doug Porter forecasting 4.1% growth.
Source: December 8, 2009 Business in Vancouver |
WHY LEASE? .
In our November issue we provided the benefits of lease finance to the END USER
Here are the
BENEFITS TO THE VENDOR.
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 Just for Fun
Click the Olympic Rings to link to facts about the Winter Olympics and how you can win tickets to an Olympic event.
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| Seasonal Greetings!
Dear Colleagues, 
Please allow me to take a quick moment to wish you and yours Happy Holidays and a Prosperous New Year!
All indications are that 2010 will be an exciting year filled with opportunity! In the last few months I've seen a huge increase in new business opportunities arise and people in general are more optimistic and confident about the future. This is huge as this will be the driving force that will fuel our economic growth - a positive attitude and confidence!
And what a time for us to inject energy, optimism and spirit into our fine province - The Winter Olympics! For a short time, we are the centre of the world and all eyes will be focused on us. Embrace this time, enjoy it, and take it for what it is. Be that ambassador to the world, showcasing BC and Canada for what and who we are! This event is going to provide an immediate injection of spirit and economic boom into our economy in our pursuit of Gold - Go Canada Go!
May your holiday season be meaningful as we share what we have with others, gain insight from the year just finishing, and look forward to the year to come.
Best Wishes,
Andrew
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Questions? 
For more information about how I, with the Travelers team, can help you achieve resolutions and solutions for a prosperous New Year, I invite you to contact me.
Respectfully,
Andrew David
Travelers Financial Corporation
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About Us: Travelers Financial Corporation is one of the largest independent equipment finance companies in Canada. Travelers offers a wide range of competitive asset based financing solutions to commercial and industrial sectors including transportation, mining, gas and oil, agriculture, manufacturing, construction and government infrastructure, as well as specialized automobile leasing. Travelers meets the need for uniquely structured leasing solutions for Canadian operations to gain the competitive edge they seek. Travelers' access to capital, informed management, and seasoned team of professional advisors in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario have made Travelers a respected source of funding for the individualized needs of both resellers and end users in the private and public sectors.
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