News Service

  • 5 days ago
    Montreal-headquartered WSP Global Inc. (WSP) and Kuala Lumpur, Malaysia-headquartered UEM Edgenta Berhard entered into an agreement today under which WSP will acquire UEM Edgenta's 61.2-per cent interest in Opus International Consultants Ltd. (OIC) for approximately C$243.4 million. Headquartered in Wellington, New Zealand, OIC is a multidisciplinary infrastructure (transportation and water),...
  • 5 days ago
    China is curbing domestic companies' investments overseas in property, sports, entertainment, and other fields following a series of high-profile, multibillion-dollar acquisitions by Chinese firms. A document released today by the State Council, China's Cabinet, indicates regulators are restricting certain foreign acquisitions, citing concerns that the companies involved may be taking on too much...
  • 6 days ago
    The Canadian subsidiary of French defence giant Thales has been awarded a multibillion-dollar contract to service Canada's new fleet of Arctic offshore patrol ships and joint support vessels. The federal government says Thales Canada, in a joint venture with the company's Australian arm, will provide in-service support for the vessels under a contract that could total C$5.2 billion over 35 years...
  • 6 days ago
    EnWave Corp., a Vancouver-based advanced technology company specializing in vacuum-microwave drying, has hired Adelaide Capital Markets (ACM) to provide investor relations and corporate development services for the company. ACM intends to broaden the awareness of EnWave's investment case throughout the retail and institutional market in Canada and consult directly with the company to improve and...
  • 6 days ago
    The Indian government may impose anti-dumping duty of up to US$120.14 per tonne on sodium chlorate, a chemical used in sectors such as dyes and pharmaceuticals, from Canada, China and the European Union. The duty aims at guarding domestic Indian players against cheap imports.
  • 7 days ago
    The Asia Pacific Foundation of Canada and The Cansbridge Fellowship (Cansbridge), a non-profit organization headquartered in Toronto, have announced that they have entered into a strategic partnership to deliver scholarships to entrepreneurial Canadian university students seeking work experience in Asia. Over the next two years the partnership will support and expand Cansbridge’s Asia internship...
  • 7 days ago
    Financial technology company Plooto, a provider of electronic payment solutions for small and medium businesses headquartered in Toronto, is now offering international payments for a flat fee of C$9.99. Plooto users can also benefit from exchange rates much lower than banks' advertised rates.
  • 7 days ago
    Vancouver-headquartered Telus Corp.'s Telus International, a leading global business process outsourcing (BPO) provider, has acquired Voxpro, an Ireland-based provider of customer experience, technical support and sales operations solutions with locations in the United States, Ireland, Romania and the Philippines.
  • August 15, 2017
    Novo Resources Corporation, headquartered in Vancouver, has signed definitive agreements to farm-in and joint venture gold rights with Artemis Resources Ltd., an Australian Securities Exchange-listed exploration and mining company, on Artemis's 1,256-square-kilometre exploration package in the Karratha region of Western Australia. Mineral holdings subject to the agreement are part of Novo's...
  • August 15, 2017
    UFA Co-operative Ltd., an Alberta-based agricultural co-operative, has signed agreements with automed, an Australian livestock medication systems company, to provide livestock producers in Western Canada with access to a new medication system, comprised of apps and specialized hardware, that will ensure accuracy when administering medication to their animals.
  • August 15, 2017
    Medical Mercy Canada, a registered charitable organization based in Calgary, has committed to providing continued support and medical aid for displaced refugees along the India-Myanmar border. For over 15 years, the organization’s project team has supported two separate on-site medical clinics that now treat 13,000 patients annually at a cost of only C$3 per patient. The team has optimized the...
  • August 14, 2017
    Bombardier Inc.’s Bombardier Transportation has won two contracts for its Bombardier Innovia Monorail 300 system for two mass rapid transit lines in Bangkok, Thailand. The contracts are with the Northern Bangkok Monorail Co. Ltd. and the Eastern Bangkok Monorail Co. Ltd. Bombardier, headquartered in Montreal, will design and supply the mechanical and electrical elements for the two monorail lines...
  • August 14, 2017
    The Canada Pension Plan Investment Board is investing C$32 million by acquiring land in Pune, one of India’s largest cities, for retail real estate development. The pension fund made the acquisition through Island Star Mall Developers Pvt. Ltd, a strategic investment platform it established with Indian retail developer Phoenix Mills Ltd. in April 2017. To date, CPPIB has invested C$145 million in...
  • August 14, 2017
    Prometic, a Canadian biopharmaceutical company headquartered in Laval, Quebec, and Shenzhen Royal Asset Management (SRAM) have closed a transaction for joint venture and licensing rights for three of its pulmonary and liver fibrosis products in China through a new subsidiary, ProMetic ChinaCo. SRAM’s initial C$33M financing is for the clinical development of the products, currently continuing...
  • August 11, 2017
    Vancouver-based Asia Pacific Education Corporation (APEDU) has reportedly purchased Auckland, New Zealand fashion and garment technology college, NZ Fashion Tech, for an undisclosed sum. APEDU owns Canadian Tourism College, CG Masters School of Animation & VFX, and Sterling College in Canada. The company specializes in the acquisition of niche education investments,...
  • August 11, 2017
    Vancouver-based First Quantum Minerals Ltd. plans to suspend operations at its Ravensthorpe nickel mine in Western Australia next month due to consistently weak nickel prices, a move that will impact approximately 450 employees and contractors. The mine will be placed on care and maintenance, which is expected to take effect in early October, the company said. First Quantum said shutdown at the...
  • August 11, 2017
    Vancouver-headquartered Novo Resources Corp. and one of its Australian subsidiaries have entered into an option agreement with an arm's-length party to acquire that party’s interest in certain tenements in the Karratha region of Western Australia. The project includes seven prospecting licences and five exploration licences, along with other licence applications. An option fee payment of 500,000...
  • August 10, 2017
    Toronto-based performance luxury apparel maker Canada Goose Holdings Inc. plans to open three additional retails shops this fall, including a 3,100-square-foot flagship store in Tokyo’s Sendagaya neighbourhood, one of the high-end fashion centres of Japan. In North America, Canada Goose will also open retail stores in Calgary and Boston.
  • August 10, 2017
    Montreal-headquartered CAE Inc., a global leader in training for the civil aviation, defence and security, and health care markets, has signed a memorandum of understanding (MOU) with Singapore Airlines (SIA) to establish a joint venture for pilot training in Singapore. The joint venture will initially focus on providing simulator training for Boeing aircraft types, supporting SIA Group airlines...
  • August 10, 2017
    Chinese business magnate Jack Ma, executive chairman and founder of the Alibaba Group of Internet companies, is coming to Toronto in September  to discuss e-commerce and other opportunities in China with Canadian companies at Gateway Canada, a one-day event. Gateway Canada will educate Canadian agribusinesses, entrepreneurs, and the travel and hospitality industry about tapping the...

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