Imagine there’s a company you’ve done a ton of work for – one that has yet to pay – and now the rumour is it’s going bankrupt. What do you need, urgently? The answer: certainty. You need to know, now, what assets this shaky company has and what they’re worth, who the other creditors are and what they are owed, as well as how your claim ranks in the creditors’ lineup. Only then can you deal with the people to whom...
This year’s Top 100 numbers back up economists’ claims that B.C. is well positioned to weather any economic downturn associated with the U.S. housing crisis. Aggregate revenues for the Top 100 companies were $122.2 billion, an increase of 8.9 per cent over last year’s tally. The surge outpaces the 6.2 per cent rise in the province’s nominal GDP. And the threshold for making the list this year inched up to $223.9 million in annual revenues, $40 million more than last year.
Single mom Claudia Segovia started her home business selling hand-sewn dolls to help pay for her son’s $800-a-month speech therapy. When the market of family and friends had been tapped, she decided to buy table space at a major yearly craft market. She needed a mere $1,200 – but where does a woman with no credit history go for a business loan?
It was 17 years ago that I moved my business address from Bay Street to Burrard Street. In 1991 I left Richardson Greenshields in Toronto to join Phillips, Hager & North Investment Management Ltd. in Vancouver. I am still asked by my eastern friends and clients what it is like working on the Wet Coast. Is it a good place for an asset manager to be?
The B.C. government has finally announced the launch of its BC Renaissance Capital Fund. The concept is that the government will seed—with $90 million over five years—a large slush fund to assist B.C. technology, clean-tech, life sciences and new media companies at critical points of their lives.
Ever since the invention of national accounts in the 1930s (that is, methods of measuring the total economic activity of a country), the prevailing world view has been that the higher the gross domestic product, the better off we are as a nation. Any faltering in the continued increase in...