- Business Advantage
A comprehensive report by the Conference Board of Canada has shown that Vancouver stands out within Canada as a centre for wealth management activity, higher than any other financial activity in the city.
Mizuho Bank Canada, AdvantageBC, The Business Council of British Columbia (BCBC) and HQ Vancouver are pleased to announce the signing of a Memorandum of Understanding.
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.