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Canada has four main global financial centres—Montréal, Toronto, Calgary and Vancouver—each with its own unique strengths. A new Conference Board of Canada report suggests that the cities complement each other, allowing Canada’s financial services sector to have a depth and breadth beyond what any one financial centre would be able to provide.
The primary objective of this report is to foster support for the extension of payment settlement hours in Canada. Extended payment settlement hours will create a more favourable environment for Canadian financial service companies to compete in a changing global marketplace as well as enhance Canada’s position to capture future business opportunities in Asia.
Around the world, we see countries that are introducing more flexibility to the hours during which inter-bank payments can be made. Canada’s reputation as a desirable jurisdiction for international commerce could be compromised if we do not give our financial institutions the tools to match the service that can be found in other countries.
Standard and Poor’s has affirmed British Columbia’s AAA credit rating and stable outlook, praising the Province’s strong economy, budgetary and fiscal performance, Finance Minister Michael de Jong announced today.
On October 27th a panel of experts made up of Stewart Beck, president and CEO of the Asia Pacific Foundation, Colin Hansen, president and CEO of AdvantageBC, and Ananth Krishnan, national head of business development, global trade and receivables finance for HSBC Bank Canada, joined fellow business leaders and entrepreneurs at the 2015 BCBusiness Doing Business in China Breakfast event, presented in partnership with HSBC.