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Did you know that blueberries were Canada's top fruit export in 2023?1 Canada produces a wide array of fresh fruit and vegetable produce, with farm gate values of $1.34 billion and $1.59 billion, respectively.2 In 2023, the farm gate value of dry onions alone was $160.4 million.3 Recent legislative changes have significant implications for suppliers and purchasers of fresh produce, along with their respective lenders.
Aird & Berlis is proud to announce that Jacqueline (Jack) Goslett has been recognized as a 2024 Lexpert Rising Star: Leading Lawyers 40 and Under. Jack Goslett is a member of the firm's Financial Services and Venture Finance Groups. Her practice focuses on debt financing, with an emphasis on domestic and cross-border lending transactions, including syndicated credit facilities, asset-based lending, acquisition financing matters and venture debt transactions.
In Canada, there are a number of consumer protection regulations which encourage transparency by lenders when it comes to disclosing the cost of borrowing. Such regulations are intended to balance any real or perceived inequities between savvy financial institutions and borrowers. This article explores Section 4 of the Interest Act (Canada)2 ("Section 4") and describes how lenders can protect themselves from inadvertently taking a "haircut" on pricing.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
