Exploring topics relevant to Canadian entrepreneurs and businesses in heavy equipment industries. From finance and leasing trends to insurance considerations and business strategies, we provide expert insights to help businesses stay informed and ahead of the curve. Stay tuned to the Essex Lease Insider for the latest updates and industry news.
For many owner-operators, buying a truck is one of the biggest financial decisions they’ll ever make. Yet most advice online focuses on interest rates, monthly payments, and credit scores while
Essex Lease has officially opened a new office in Edmonton, Alberta — a 4,000+ square foot space at 4212 Gateway Boulevard that marks the next chapter in our continued growth
The Canadian economy in 2025 was shaped by a mix of cautious optimism and persistent volatility. Inflationary pressures eased compared to prior years, but confidence remained fragile as businesses navigated changing interest
When two Alberta-based organizations come together with a shared purpose—to support businesses and strengthen our province’s economy—the result is more than a transaction; it’s a collaboration built on common values
Interest rates were expected to fall in 2025—but uncertainty is creeping back in. Global tensions, inflationary pressures from tariffs, and infrastructure spending plans all pull Canadian monetary policy in different
Introduction Securing the right funding at the right time is critical for businesses of all sizes, but in Canada, that’s often easier said than done. Many businesses face long approval
When it comes to acquiring heavy equipment, many businesses face a crucial decision: Should I lease or buy? While leasing offers many advantages, persistent myths prevent some companies from considering
For equipment-heavy businesses in Canada, traditional bank financing can feel like it was designed for someone else. You have hard assets, real revenue, and genuine growth opportunities — but your
The looming implementation of new U.S. tariffs under the Trump administration has Canadian industries bracing for potential disruption. For businesses—particularly those in the oil and gas sector—these proposed tariffs could
As we step into 2025, it’s the perfect time to reflect on an incredible year at Essex Lease Financial Corporation. Throughout 2024, we celebrated milestones, embraced opportunities to connect as
As we reflect on 2024, it’s clear that industries we serve have faced a dynamic mix of challenges and opportunities. From evolving market demands to policy shifts, businesses have had
When it comes to outfitting your business with the right equipment, one question inevitably arises: Should you rent or purchase? Each option has its own set of advantages and challenges,
Inflation has been a key issue in Canada over the past few years, with consumer prices rising sharply since 2021. The Bank of Canada’s primary goal is to keep inflation
There’s more than one way to judge a region’s financial health, and in Alberta, local events can reveal more than you might think. Alberta’s abundance of natural resources and professional
The transportation industry covers many areas, including trucking, the movement of goods, logistics, warehousing, infrastructure development, and public transportation. As such a big industry, operational efficiency is key to solid
For any kind of business growth, you’re going to need working capital to finance expansion, implement new strategies, and take on new employees. However, working out what your business can
When it comes to securing financing, having a great partner by your side can make all the difference. Few relationships will be more important to the success of your business
The business world is competitive, so having a strategy is critical. Business owners must have flexibility in order to stay focused on their goals and long-term growth plans. But if
Independent lending in Canada is growing in a big way — in fact, it’s anticipated the sector will be worth well over $10.3 billion CAD by 2025. There are many compelling reasons
Lately, we’ve heard from many customers who have questions about interest rates. As the economic outlook continues to be uncertain, businesses in the energy, construction, and transportation sectors have especially
