Description: Real Economic Growth Rate takes into account the effects of inflation. Since inflation plays a key role in the GDP of an economy, it is very important to ascertain the effects of inflation on GDP. As a result, the Real Economic Growth Rate takes into account the buying power and is inflation-adjusted.
New Branch Manager For Chilliwack. Chilliwack, B.C.âEnvision Financial has announced that Chilliwack resident Tamara Hendsbee has been appointed Branch Manager of its Chilliwack City Branch, located at 45840 Cheam Avenue. âTamara has a proven record of success in leading and developing teams,â says Shelley Besse, President of Envision Financial.
The new joint venture, named Cineplex Starburst Inc., will form the largest distributor and operator of arcade games to the amusement industry in Canada. Cineplex Entertainment LP and SCMI will equally own Cineplex Starburst Inc. and the company will be led by the existing President of SCMI, Len Keywood.Cineplexâs additional cash investment in the transaction is estimated to be approximately $4.5 million.This transaction will improve the operating margins within our current amusement game business and also improve the quality and variety of games available to our guests,â said Ellis Jacob, President and CEO, Cineplex Entertainment.