Canadian consumers obtain consumer credit whenever they purchase goods or services on account, or whenever they borrow funds to finance purchases already made. The most common type of consumer credit arrangements involve cash loans, usually to finance retail purchases on instalments.
It was a feat of magic befitting Harry Potter. In early July, Allan MacDougall, the head of Vancouver's Raincoast Books, was in the same jam as most Canadian publishers. Collectively, they were owed tens of millions of dollars in back payments by gigantic bookstore chain Chapters Inc.
On May 5, hundreds turned up in their finest for the première of the National Ballet of Canada's revamped production of Swan Lake. Yet, as fabulous as artistic director James Kudelka's $1.6-million production was, an equally remarkable performance had taken place before the dancing ever started.