News Service

  • 13 hours ago
    Stephen McNeil, Premier of Nova Scotia, will lead a delegation to Asia to promote trade and investment opportunities for Nova Scotia businesses and institutions. The mission, which includes meetings and activities in Tokyo and eight Chinese cities, departs on August 29.
  • 13 hours ago
    A consortium comprising Toronto-headquartered Brookfield Asset Management Inc. and Core Infrastructure India Fund Pte Ltd has purchased six road and three power projects from India’s Gammon Infrastructure Projects Limited. The deal includes a cash payment of approximately C$112.6-million and future payments based on performance targets. Brookfield is a global asset manager. Core Infrastructure...
  • 13 hours ago
    Viterra Inc., the agriculture segment of Anglo-Swiss conglomerate Glencore PLC, has agreed to buy the TRT-ETGO oilseed processing plant in Bécanour, Quebec, from Malaysia's Felda Global Ventures Holdings Bhd for C$190-million. The plant crushes canola and soybeans and produces vegetable oil for food and industrial markets and meal for livestock feed. The sale is expected to close this year.
  • 13 hours ago
    The Montreal-based Institute for Research on Public Policy (IRPP) has released a study entitled “The Potential to Grow Canada-India Economic Linkages.” The report’s authors, Someshwar Rao and Stephen Tapp, find that bilateral economic links between Canada and India remain weak even having grown quickly in recent decades, and identify several factors to suggest untapped potential in India over the...
  • 2 days ago
    Star Navigation Systems Group Ltd., a Toronto-based designer of products and services for the aviation industry, has signed a co-operation agreement with Chengdu Spaceon Technology Co. Ltd. of China. The agreement provides for Chengdu Spaceon to manufacture a jointly developed tracking-and-communications product for small airplanes, helicopters, and ground and maritime transport, plus be...
  • 2 days ago
    The University of Calgary has signed agreements with two Sri Lankan universities, the University of Moratuwa and the University of Peradeniya, on scholarship programs that include graduate students undertaking studies at the University of Calgary. The agreements are part of the University of Calgary’s implementation of the Canadian Queen Elizabeth II Diamond Jubilee Scholarships program.
  • 3 days ago
    Christine St-Pierre, Quebec’s Minister of International Relations and La Francophonie, has announced that veteran journalist Jean-François Lépine has been appointed as Quebec’s new representative in China. Lépine will be based in Shanghai and will head the province’s three China offices – Shanghai, Beijing and a new office being established in Shandong Province. During his career at Radio-Canada...
  • 3 days ago
    The Canadian Embassy in China and the Canada China Business Council (CCBC) are co-hosting the 4th Annual All Canadian MBA Fair in Beijing on September 1 and Tianjin on September 3. These events reach hundreds of potential MBA or Business Masters students and are designed as a focused opportunity for universities and CCBC members targeting the education sector to interact with these candidates in...
  • 4 days ago
    The Canadian Food Exporters Association (CEFA), in co-operation with the Hong Kong Economic and Trade Office and the Hong Kong Trade Development Council, will be organizing a Canada Pavilion at the Hong Kong International Wine & Spirits Fair in Hong Kong November 5-7, 2015. Participation is open to all Canadian wine, spirit and beer companies. The fair is a global event that attracted over 1,...
  • 4 days ago
    RBC Global Asset Management, the asset management arm of Toronto-based financial services company Royal Bank of Canada (RBC), has appointed Ken Tam as managing director and head of Asia for RBC Investment Management (Asia) Limited. Mr. Lam will be based in Hong Kong and will direct the company’s operations in the Asia-Pacific region, excluding those of BlueBay Asset Management. He has over 25...
  • 5 days ago
    The Province of Ontario is contributing C$868,800 to South Korea-based Hanon Systems to help the company expand and diversify production at its facility in Belleville, Ontario. Hanon Systems, which recently changed its name from Halla Visteon Climate Control Canada Inc., manufactures climate control systems for cars, trucks and other vehicles for auto plants in North and South America, Europe and...
  • 5 days ago
    Calgary-based Grand Power Logistics Group Inc. has announced that it and other shareholders of the Yangshan Logistics Port Project have agreed to co-operate to carry out a refinancing and a share/ownership restructuring program for the Yangshan Project. As part of its contribution to the new initiative, Grand Power has agreed to temporarily advance approximately C$2.5 million to the project. It...
  • 5 days ago
    Correvio International Sarl, a subsidiary of Vancouver-based Cardiome Pharma Corp., has entered into an exclusive licence-and-supply agreement with China-based Eddingpharm to distribute and commercialize in China a drug intended to reduce the rate of thrombotic cardiovascular events in at-risk patients. The agreement includes milestone payments and minimum annual commercial commitments, although...
  • August 21, 2015
    Asiamet Resources Ltd., the former Kalimantan Gold Corp Ltd. headquartered in White Rock, British Columbia, has signed a non-binding memorandum of understanding with the Indonesian government covering amendments to Asiamet’s KSK copper project, harmonizing the agreement with Indonesian laws. Under the deal, the size of the contract, which covers the Beruang Kanan project, will remain the same,...
  • August 21, 2015
    The 18th Teochew International Convention, drawing 1,700 Chinese business leaders from around the world, closes today at the Vancouver Convention Centre. This is the first time the convention has been held in Canada and only the second time it has been held in North America. The three-day event drew delegates from Canada, the U.S., Southeast Asia, Australia and France. The convention aimed to...
  • August 20, 2015
    With an intensive focus on the Asia Pacific region, the Trans-Pacific Aviation Law & Policy Conference October 8-9 in Vancouver will bring together airport, airline, government officials, and academics from Asia and the Americas to examine key legal-policy issues. Presented by the University of Victoria’s Centre for Asia Pacific Initiatives, with the support of UVic’s Faculty of Law, the...
  • August 20, 2015
    A new global Hotels.com report reveals that Bangkok, Thailand, Tokyo, and Japan showed the largest growth in hotel bookings for Canadian travellers in the first half of 2015. Although American and European cities remained the most popular spots among Canadian travellers heading abroad in 2015, Asian cities showed the largest growth over previous years. Hotels.com said Canada’s strong Asian...
  • August 20, 2015
    In response to a global iron ore surplus that has sent prices plummeting, Toronto-based Century Iron Mines is converting its Australian operations “from mining to dining.” The Financial Post reports that Century is drawing on capital originally intended for its flagship Joyce Lake mine approximately 20 km northeast of Schefferville, Québec, and using the capital to sell Australian eggs to...
  • August 19, 2015
    Vancouver-based HIT Technologies Inc., which produces protective casings, lens enhancements and mounting systems for iPhone devices, announced it has added five new premium distributors to its sales network, including Season Distribution in Australia and Wolfpak Distribution in New Zealand. HIT says the agreements in the South Pacific will provide an entry into the region’s adventure sports...
  • August 19, 2015
    Kik Interactive Inc., the Waterloo, Ontario-based startup behind a popular messaging app, has turned to Chinese Internet giant Tencent Holdings Ltd. for a US$50-million investment that values the company at US$1 billion. Kik, whose chat platform is popular with North American teens and has 240 million users, said it aims to emulate the success of Tencent's WeChat, which has expanded from...

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