News Service

  • 4 days ago
    The Governments of Canada and Ontario have announced they will partner with Toyota Motor Manufacturing Canada Inc., a subsidiary of Japan-based Toyota Motor Corporation, to invest in new technology and upgrades at Toyota’s facilities in Cambridge and Woodstock, Ontario. The Government of Canada will contribute C$59-million and the Government of Ontario will contribute C$42.1-million, leveraging a...
  • 4 days ago
    The Government of Canada has added five new departure cities to the China Transit Program. The program allows eligible Chinese travellers to transit visa-free through Toronto Pearson International Airport and Vancouver International Airport when en-route to and from the United States. The five departure cities to be added to the program are: Xiamen, Fuzhou, Chengdu, Shenyang and Harbin. Already...
  • 4 days ago
    Melbourne, Australia-based OceanaGold Corporation and Vancouver, BC-based Romarco Minerals Inc. have entered into a definitive agreement in which OceanaGold will acquire all of the issued and outstanding common shares of Romarco. Upon completion of the deal, OceanaGold and Romarco shareholders will own approximately 51% and 49% of the combined company, respectively. OceanaGold Corporation is a...
  • 5 days ago
    Vancouver-based Denison Mines Corp. has announced the signing of a share purchase agreement with Uranium Industry a.s. of the Czech Republic for the sale of its Gurvan Saihan uranium mine in Mongolia. The US$20-million transaction, subject to closing conditions and licensing approvals, is scheduled to close September 8, 2015 and involves the transfer of all of the shares of Denison's wholly-owned...
  • 5 days ago
    Canada’s Minister of Transport, Lisa Raiit, announced an investment of approximately $16.5 million for nine Asia-Pacific Gateway transportation infrastructure projects in British. The projects will receive funding from the Asia-Pacific Gateway and Corridor Transportation Infrastructure Fund (APGCTIF) and will reduce bottlenecks, address capacity issues and enhance the efficiency of the...
  • 5 days ago
    Canada’s Minister of Employment and Social Development, Pierre Poilievre, has announced that the Agreement on Social Security between Canada and India comes into force August 1, 2015. The Agreement will enable Canada and India to co-ordinate pension benefits and contributions for people who have lived or worked in both countries, linking the operation of Canada's Old Age Security and Canada...
  • 6 days ago
    The Hon. Manohar Lal Khattar, Chief Minister of Haryana, India, is leading a delegation of 10-15 leading industrialists to explore business partnerships in Canada. The Canada-India Business Council is hosting business roundtable discussions in Vancouver (August 21) and Toronto (August 24) during the four-day visit. To register for the Vancouver event click here. For the Toronto event click here.
  • 6 days ago
    Canadian Solar Inc announced it has secured a US$28-million loan from Rabobank Hong Kong to support the construction of photovoltaic (PV) parks in Japan capable of producing up to 20 megawatts of power. Under the terms of the agreement, Rabobank Hong Kong will provide a two-year credit facility to the Guelph, Ontario-headquartered company, which produces modules and other solar products in Canada...
  • 7 days ago
    Australia’s MinQuest announced that it has submitted a conditional purchase offer for Yukon Zinc Corp.’s Wolverine Zinc Mine. The Yukon-based zinc-and-silver mine halted production in January and received court protection from its creditors in March. MinQuest says it wants to buy the underground mine, including its processing and management facilities, power station and operating licences....
  • 7 days ago
    PyroGenesis Canada Inc., a Montreal-based company that designs and manufactures commercial plasma waste-to-energy systems, announced that it has received C$1.2 million as payment for the second and final phase of a C$2.8-million plasma torch contract with an unnamed Asian company. The first phase of the project was successfully completed last year; the last phase of the contract is scheduled for...
  • July 27, 2015
    Vancouver-based China Education Resources Inc. announced that it has launched the first version of its mobile app for teacher training programs in China. The mobile app is integrated with the WeChat platform, a mobile phone social network in China with 549 million monthly active users. The app allows teachers-in-training to interact virtually with one another, and to access video seminars and...
  • July 27, 2015
    Toronto-based Gravitas Financial Inc. has announced that, through its wholly-owned subsidiary New India Investment Corp., it has invested in Innoviti Embedded Solutions Pvt. Ltd., a payments solutions company in India. The Innoviti funding round was co-led by India-based Catamaran Ventures and reportedly totals CDN$6.5 million. Innoviti’s technology platform facilitates real-time processing and...
  • July 24, 2015
    PayPal, the digital payment platform, announced it has teamed up with San Francisco-based TransferTo, a global airtime remittance leader, to offer mobile airtime top-up in Canada. Without any transfer fees, Canadians with PayPal accounts can now use their smartphone, tablet of computer to top-up prepaid mobile phones of their relatives and friends in more than 100 countries including the...
  • July 24, 2015
    Kalimantan Gold Corp. Ltd announced it has changed its name to Asiamet Resources Ltd. to better reflect recent changes in the strategic direction and management at the White Rock, B.C.-headquartered company. Asiamet’s key copper and gold projects are on the islands of Kalimantan and Sumatra in Indonesia.
  • July 24, 2015
    China-based Shenzhen Hepalink Pharmaceutical Co., Ltd. announced it has acquired 13.3 million shares in Calgary, Alberta-based Resverlogix Corp. for an aggregate purchase price of C$35.4 million. Resverlogix is developing an inhibitor for the potential treatment of cardiovascular disease, diabetes, Alzheimer's disease, and kidney disease. Based in Shenzhen High-Tech Park, Hepalink is a...
  • July 23, 2015
    Hemostemix, a biotech company headquartered in Toronto, announced that it has formed a strategic alliance with Hemostemix Asia, Inc. (HEMA), a private, independent company based in Taiwan. The agreement covers a manufacturing and commercial license to HEMA of Hemostemix’s technology for treating critical limb ischemia (CLI) patients in Taiwan, China, and South Korea. HEMA will fund and contribute...
  • July 23, 2015
    Vancouver-based Rostrum Medical Innovation announced it has received patents issued by the Chinese State Intellectual Property Office. The granted claims are for Rostrum’s technology for monitoring the integration of heart and lung functions.
  • July 23, 2015
    The Canada China Business Council (CCBC) announced a partnership with the Oil & Gas Council that provides all CCBC members a discount of 15% off normal registration fees for the upcoming 2015 China Oil & Gas Assembly. The conference, which will take place September 16 and 17 in Beijing, is China’s international oil and gas meeting, with participants representing Chinese and international...
  • July 22, 2015
    Montreal-based CAE Inc. announced a series of training solution contracts with airlines valued at more than C$115 million. One of the contracts includes training and licensing for Japan Airlines; in an extension of an existing arrangement, 100 cadets will be selected to begin training for Japan Airlines over the next few years. Hainan Airlines ordered a flight simulator which will be installed at...
  • July 22, 2015
    Toronto-based SkyPower Global (SkyPower) announced it has been awarded 150 MW of solar power projects in the Indian State of Madhya Pradesh. SkyPower also plans to announce the launch of its India Solar Fund to allow partners to invest alongside SkyPower in its projects in India. SkyPower Global is a developer and owner of utility-scale solar energy projects.

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