Aurora, Ontario-based global automotive supplier Magna International Inc. has concluded a deal to acquire the Germany-headquartered BÖCO Group of Companies, an automotive supplier of latches, hinges and similar components. BÖCO, which has production facilities located in Germany and Tianjin, China, supplies major European automotive companies. Subject to regulatory approval, the transaction is...

Calgary-based WestJet Airlines Ltd. has announced it has entered into a code-share agreement with Hainan Airlines of China in which Hainan Airlines will place its HU code on WestJet-operated flights. All code-share sales are offered through Hainan Airlines and its global distribution network. The two carriers are building on an existing agreement that has been in place since 2013.  

Prime Minister Justin Trudeau and China’s Premier Li Keqiang have agreed to a memorandum of understanding for Canadian exports of canola to China to continue under existing conditions through early 2020. Canada and China have also announced a protocol to expand market access for Canadian frozen bone-in beef and several key initiatives to support trade in Canadian pork, bovine genetics and some...

Bombardier Inc.’s Bombardier Transportation and Chinese manufacturer China Railway Rolling Stock Corp. have signed a strategic agreement to expand and deepen their relationship. The agreement establishes a framework for the companies to leverage their complementary strengths for selected projects in the global rail transportation equipment market. Bombardier is a manufacturer of both planes and...

Minister of Transport Marc Garneau attended the G7 Transport Ministers' meeting in Japan on September 24 and 25, 2016, where the ministers adopted joint declarations on the development and widespread use of advanced technology for automobiles and roads, and strategies for new and aging transport infrastructure. Minister Garneau also met with Japan's Minister of Land, Infrastructure, Transport and...

Vancouver-headquartered VersaCold Logistics Services, a supply chain company focused on handling temperature-sensitive products, has announced seven of its facilities have been approved to export meat and meat products to China. With three of its facilities receiving similar approval in 2014 and 2015, VersaCold now has 10 approved refrigerated warehousing facilities across Canada.

Prime Minister Justin Trudeau announced at the UN Summit for Refugees and Migrants in New York City this week that Canada will provide C$5.5 million for a project to protect migrant workers in the ASEAN region. Canada will work in partnership with the International Labour Organisation (ILO) to support ASEAN’s regional efforts to strengthen policies that defend migrant workers, particularly women...

Air Canada has introduced daily, year-round flights from Montreal to Shanghai, beginning Feb. 16, 2017. This marks Air Canada's first direct service to China from Montreal as well as the introduction of the Boeing 787-8 Dreamliner aircraft on flights departing from Montreal. Tickets for the 14.5-hour flights will be available for purchase on Air Canada's website and through travel agents on Sept...

A further two deals between Canadian and Chinese companies were signed this week in Ottawa as part of the official visit by Chinese Premier Li Keqiang. The first involved a C$500-million commitment over two years from Sinoenergy Corporation Ltd. to support operations of the Long Run Exploration Ltd. facility in Alberta, an intermediate oil and natural gas company focused on development and...

The British Columbia ministries of agriculture and international trade in collaboration with the Asia Pacific Foundation of Canada and Grounded Strategies are hosting an export opportunity seminar on September 28 focused on Japan and South Korea. The event will explore opportunities for British Columbia food and beverage exporters, as there is a growing demand in Japan and South Korea for high-...

Montreal-based IntelGenx Corp. and Israel’s RedHill Biopharma Ltd. have entered into an agreement with South Korea-based Pharmatronic Co. granting Pharmatronic the exclusive license to commercialize an oral migraine treatment in South Korea. Financial terms of the term sheet were not disclosed, but commercial launch of the product in South Korea will take place in the first quarter of 2019.

St. John’s, Newfoundland-headquartered Altius Minerals Corporation has announced that its Telkwa Coal project in British Columbia has been acquired by Australia-based, Allegiance Coal Ltd. Upon successful regulatory and shareholder approvals of the proposed transaction Altius expects to be a significant shareholder of Allegiance, while retaining a project-level royalty over the Telkwa project.

CIBC has announced it has formed a strategic partnership with National Australia Bank (NAB) and Israel's Bank Leumi. The partners will share information regarding innovation, co-develop products and services to support and grow their respective client bases, and facilitate the exchange of employee talent in the innovation space.

Winnipeg-based Empire Industries Ltd.’s Dynamic Attractions business unit, located in Port Coquitlam, British Columbia, announced today that it has been awarded a $US21-million contract to supply a media-based ride system for a major theme park in Asia. The contract will largely be executed over the next 36 months from the company's Metro Vancouver-based design and manufacturing facilities.

Canada’s Ontario Municipal Employees Retirement System (OMERS) is among the successful bidders in the “Lonsdale consortium” that has acquired the Port of Melbourne, Australia’s largest shipping gateway, in a 50-year lease sell-off to local and international bidders for more than C$9.6 billion. Other investors include Australia’s sovereign wealth Future Fund, alternative investment manager QIC of...

Jeff Leal, Minister of Agriculture, Food and Rural Affairs, and Michael Chan, Minister of International Trade, will lead a trade mission to India from November 13-20 to create new economic opportunities for Ontario's agri-food industry. The mission will build on Ontario Premier Kathleen Wynne's successful mission to India in early 2016 and will include visits to New Delhi, Mumbai and Chandigarh....

British Columbia’s Minister of Technology, Innovation and Citizens’ Services Amrik Virk, and the Governor of Osaka Prefecture Ichiro Matsui, have signed an agreement to support collaboration and advance business opportunities in clean technology and fuel cells. Targeted areas of co-operation include hydrogen and fuel-cell vehicles, electric vehicles, and fuelling facilities/infrastructure. B.C....

Vancouver-based Steelhead LNG and Calgary-headquartered Seven Generations Energy Ltd. have announced a new development agreement that will set the stage for engaging Aboriginal groups and communities as the two Canadian companies explore the development of new midstream infrastructure to support Steelhead LNG's proposed natural gas liquefaction and export projects on Vancouver Island. The...