Marriott checking in to Canada

Article Abstract:

Marriott International Inc., a Washington-based company, is expanding to new markets, particularly in Canada, with its latest addition in the country. A new Marriott hotel opened in Niagara Falls, Ontario, in October 1998, with 250 rooms. Another Marriott hotel is scheduled to open in downtown Vancouver, British Columbia, by 2001. The Vancouver project will be a hotel-convention center, with 1,000 rooms and the biggest of its kind in Canada. Marriott plans to operate 40 hotels across Canada, with rooms totaling between 12,000 and 13,000. Marriott currently manages and franchises 13 hotels in the country, and more than 1,700 hotels in 54 countries.

Comment:

Is expanding in Canada w/ a recently opened hotel in Niagara Falls, Ontario, & one set to open in Vancouver, British Columbia

Strategy & planning, Facilities & equipment, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Ontario, British Columbia, Hotels and motels, Marriott International Inc., Article

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Canadian banks have fallen many storeys in worldwide ranking

Article Abstract:

Canadian banks have lagged behind in the ranking of the world's biggest banks. The five largest Canadian banks were the 49th, 53rd, 54th, 55th and 69th internationally when measured by 1998 shareholder equity with the Royal Bank of Canada being the largest among the five. In 1984, Royal Bank of Canada was the 22nd largest bank in the world. The fall in worldwide ranking by Canadian banks has been attributed to the falling Canadian dollar and their inability to consolidate.

Commercial Banks, Commercial Banking, Market information - general

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