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Finance

Sep 28, 2016
How big is Vancouver's bubble?
Felicity Stone

Vancouver's housing-bubble risk is unmatched on the planet, according to a report released this week by Swiss bank UBS. The rise in Vancouver's average housing prices compared with the growth in average wages, rents and other economic factors make it the most likely to experience a sudden downward correction compared...

Sep 21, 2016
Kit and Ace cuts more staff
Felicity Stone

Kit and Ace is laying off about 20 per cent of its head office employees. Owned by Lululemon founder Chip Wilson and his family, the Vancouver-based makers of “technical streetwear” cut 35 employees in February 2016. The company also plans to close about a quarter of its 60-odd outlets in...

Sep 14, 2016
Expect Vancouver's empty home tax by 2017
Felicity Stone

The City of Vancouver expects to implement an annual tax of up to two per cent of assessed property value on empty and underutilized homes by the end of the year. The tax, which will be administered through self-declaration (like principal residency), audits and complaint response, will target owners of...

Sep 7, 2016
APA Group buys Vancouver-based Coast Hotels
Felicity Stone

Japan's largest hotel company has purchased the Coast Hotels chain for a reported $210 million. The APA Hotel Group expects to base its North American operations in Vancouver. Coast Hotels has 38 locations in western North America. (News 1130) Quesnel has adopted a living wage policy, which guarantees municipal employees and...

Sep 7, 2016
How Graham Lee is giving UBC entrepreneurs an edge
Marcie Good

Jason Yee was a defenceman on the UBC hockey team for four years while studying kinesiology. He graduated in May and hung up his skates, but he’s not quite ready to forget the game he loves. Along with a teammate, engineering grad Ben Schmidt, he’s developing AI Coach—a technological platform...

Sep 6, 2016
What's your education worth?

Read our exclusive survey to find out how grads and employers view B.C.'s education system, plus how UBC is building alumni engagment and why grads don't give back to their alma mater The value of an education in B.C.For the detailed results of this question, click here. For the detailed results of this...

Aug 31, 2016
Canada applies to join China’s World Bank
Felicity Stone

Canada has applied to join the Asian Infrastructure Investment Bank, breaking with the Harper government’s reservations about the new Beijing-led lender. The membership would provide a lift for the Chinese-led organization of 57 member countries that wants to expand by another 30 or so. The bank, founded last year to...

Aug 24, 2016
Should B.C. bank on LNG exports?
Felicity Stone

Canada’s LNG exports could reduce carbon emissions in parts of Asia but would likely increase emissions in most other potential markets, according to a C.D. Howe Institute report released Wednesday. While LNG exports would reduce overall emissions if they replaced coal and oil-fired power production in China, India, Japan and...

Aug 17, 2016
Is Aritzia about to go public?
Felicity Stone

Aritzia is preparing for an initial public offering, according to insiders. The Vancouver-based retailer has hired CIBC, TD Bank and Bank of America Corp. to work on the sale and could file preliminary paperwork with regulators as early as this week. Aritzia’s shares are likely to trade on the Toronto...

Aug 10, 2016
Burger chain beefs up sales
Felicity Stone

Fast-food chain bucks fast-food growth trends. North Vancouver-based A&W reported same-store sales growth in 2015 of nearly eight per cent, compared to minus one per cent to five per cent for most of its competition. One analyst says the chain has benefited from being ahead of the curve in serving...

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