Panama City is 2 hours ahead of Vancouver
Best overlap: 8:00 AM to 4:00 PM in Vancouver is 10:00 AM to 6:00 PM in Panama City.
Keep meetings inside 8:00 AM to 4:00 PM in Vancouver — that maps to 10:00 AM to 6:00 PM in Panama City. Despite the 2-hour difference, an 8-hour overlap keeps things simple and gives both teams breathing room. Finally, Vancouver observes daylight saving and Panama City doesn't, so this window shifts by an hour for part of the year — recheck it each spring and autumn.