My business bank is discontinuing its service:

Important news: The bizSmart offer will be discontinued as of November 30, 2006.

A wikipedia article explains the situation:

bizSmart was one of the first virtual banks to be opened in Canada during the dot-com era. Its concept was to provide service through bank machines, Web and telephone service, and to provide a human presence by subletting space at retail stores such as Staples]. As the small business electronic banking offering through CIBC, it shares many of the CIBC’s systems including the Automated Teller Machine (ATM) infrastructure.

Its model of customer interaction mostly though automated systems turned out make it difficult to provide efficient customer service through a call center, and thus strained its profitability, and it was absorbed back into CIBC’s mainstream small business offering. bizSmart operated briefly, and stopped accepted new applications on November 7, 2002.

Bizsmart provided no-fee business banking apparently intending to rely on over-draft interest charges to cover operating costs and profits. Low interest rates and the lack of service charges contributed to its lack of profitability. The bank cancelled all existing accounts effective November 30, 2006.

I may have to find another bank for a business account.

I saw a old friend this past weekend. He plays in a band in Toronto, Lickpenny Loafer.

Lickpenny Loafer is:
Arunachal - vocals, guitar
Devin - bass
Mike - drums

To be a musician is not necessarily a choice. Like many other things, it begins and continues on with a slow, rising compulsion. We start with an ideal in mind, only to have it shattered and recreated a thousand more times. Fruition is here today, gone tomorrow. But, there is much solace in the appreciation of the process. For one who is unknown, it can bring tremendous gratification and much needed lift. And so I share my process- not just to energize a waning ego, but to offer another voice for any who wish to hear.