investment

While Premier Christy Clark aims “to create an environment where growth and investment can flourish,” little has been achieved since last year’s electoral victory. If Premier Clark is to help British Columbians obtain the desired prosperity and jobs, her top economic priority should be to make BC the most investment-friendly jurisdiction in Canada.

Here’s what’s needed.

The proposed TMX-London Stock Exchange merger and the more recently announced acquisition of NYSE Euronext by Deutche Boerse AG follow a trend of cross-border mergers of exchanges as capital markets become more integrated globally. The benefits of this trend are clear: Companies have access to more investors, investors have easier access to foreign stocks, and larger exchanges may be able to achieve economies of scale, with the cost savings passed on to both companies and investors.