Laurentian Bank CEO Says USMCA Deal Is Great for Canada

The video features an interview with Francois Desjardins, CEO of a major corporate finance lender in North America. He discusses the importance of trade agreements, particularly the resolution of NAFTA, for Canada's prosperity and peace. The conversation shifts to the company's growth strategy in the US, focusing on acquisitions and organic growth. Desjardins highlights the company's strong performance during economic downturns, emphasizing their risk management strategies and focus on collateralized loans to avoid cyclical industries.

What is one of the benefits of trade agreements according to the CEO?

• They increase taxes.

• They bring prosperity and peace.

• They reduce employment opportunities.

• They limit international cooperation.

What is a key strategy for growing the commercial lending business in the US?

• Avoiding any form of expansion.

• Combining acquisitions with organic growth.

• Relying only on acquisitions.

• Focusing solely on organic growth.

What was a major limitation of North Point commercial finance before Laurentian's involvement?

• Poor team performance.

• Inability to fund adequately.

• Lack of a strong client base.

• Outdated systems and processes.

How does Laurentian Bank ensure stability during economic downturns?

• By investing in luxury items.

• By reducing its loan portfolio.

• By collateralizing 97% of its loans.

• By focusing on cyclical lending.

What type of lending does Laurentian Bank avoid to maintain stability?

• Lending for small businesses.

• Lending for healthcare facilities.

• Lending for educational purposes.

• Lending for luxury items and big-ticket equipment.