Economy, Law & Politics

While Canadian banks continue to be the envy of the world, they’ll face the challenges of regulatory demands and a fragile global economy, according to a PwC report released Monday.

The City of Vancouver council is to consider a staff report Tuesday that recommends a balanced $1.1 billion budget for the 2012-13 fiscal year.

An uncertain economy is not stopping Canadian CEOs from using mergers and acquisitions (M&As) as a key growth strategy, as their desire to expand into foreign markets increases.

According to Statistics Canada , operating profits for Canadian corporations were up 9% to $71.4 billion in the fourth quarter of 2011 over the previous quarter. This marks the highest level of profits since the economic downturn in late 2008.

Vancouver-based methanol supply giant Methanex Corp. (TSX:MX) announced February 21 that it would issue US$250 million in senior unsecured notes with a 10-year maturity and use the proceeds to pay down debt.

The Vancouver Board of Trade has given the provincial budget a “B” grade. “While we appreciate the consultation and analysis under way, clarity around the future sales tax regime in B.C.

Slowing global growth threatens to heighten downside risks in commodities; timing of government cutbacks key to protecting economy

Business groups are voicing broad support – but a few concerns – with B.C.'s just-released budget.

New downtown buildings include less parking per square foot than a generation ago; free parking becomes metered and metered is eliminated