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Nov 17, 2023 · As one of the country’s largest and longest-serving foreign banks, Citi added a commercial banking business to its offering in Canada as part of a global expansion strategy last year.
- The big picture is mixed. Several forces are converging to deny B.C. and the rest of the world a smooth COVID recovery. “The economy is improving because the pandemic is ebbing and the economy is reopening,” says David Williams of the Business Council of B.C.
- An economic rebound hides fundamental flaws. As of December, the BCBC forecast the province’s real GDP growth at 5 percent for 2021 and 4 percent this year, versus 4.3 percent for Canada as a whole.
- Inflation looks like it‘s here to stay. Anyone convinced that the current wave of inflation is a passing phase could be disappointed. After the Bank of Canada upgraded its year-average inflation forecast by a full percentage point, Williams says, the Consumer Price Index (CPI) rose 4.7 percent year-over-year in October.
- Interest rates have nowhere to go but up. Uncomfortably high inflation means that businesses should plan for rising interest rates, says Central 1’s Bryan Yu.
- Acuva. A finalist for the Company of the Year – Growth Award at the 2021 BC Tech Awards, Acuva is focused on providing access to affordable clean drinking water in as many countries as possible.
- Autozen. Positioned to disrupt the stressful and unnecessarily complex car sale process, Autozen is a new consumer-to-business (C2B) marketplace on a mission to create an easier, safer and more transparent way for car owners to sell their vehicles.
- Burrata. Stealthy startup Burrata burst onto the scene in late 2021 with news that it had raised a USD $7.7 million seed round to integrate consumer data from Web2 systems into Web3 (blockchain and the decentralized web).
- ChopValue. ChopValue is the brainchild of Felix Böck, a former UBC doctoral student in the faculty of forestry who studied bamboo as a building material.
Jun 27, 2022 · The push and pull of supply chain issues and inflation impacted businesses throughout B.C. in 2021, but even with ground lost in 2020, the economy was able to regain its footing. Here are the largest businesses in the province, organized by industry. 1. Insurance Corp. of British Columbia. Revenue by fiscal year ($000) 2021: 6,532,000.
• 50% of graduates launched a business leading to greater financial wellbeing By the end of 2022, 28 new businesses launched and six people applied and were approved for a small business loan from the Rise Lending Program. YOUTH EMPLOYMENT SERVICES (YES) $313,945 Citi Foundation’s grant provided the capacity for meaningful learning and training
This report is designed to answer some common questions about the role of small business in B.C. by examining trends in growth and, where possible, offering cross-provincial comparisons. Key indicators examined in this report include the number of businesses, employment and earnings, contribution to the economy, industry distribution, regional ...
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Jul 20, 2022 · Toronto, ON – Citi has launched Citi Commercial Bank (CCB) in Canada as part of a global expansion announced earlier in 2022. CCB delivers Citi's wide array of institutional products and solutions to meet the evolving needs of mid-size corporates as they grow rapidly and expand internationally.
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