News Service

  • Yesterday
    Waterloo, ON-based BlackBerry Limited announced an agreement with China Mobile Hong Kong Co. (CMHK), Ltd., the wholly-owned subsidiary of China Mobile Limited, to offer its technology services. CMHK will offer its customers Enhanced SIM-Based Licensing, enabling granular monthly billing and the ability to consolidate all users to one monthly billing date. BlackBerry is a mobile communications...
    Information summarized from: Blackberry Limited Press Release
  • Yesterday
    Ed Fast, Minister of International Trade, held the inaugural meeting of the Advisory Council for Canada's Global Markets Action Plan (GMAP) in Ottawa, Ontario. The GMAP Advisory Council is composed of nine industry leaders from across the country, representing key sectors of the Canadian economy. The council was created to provide the minister with strategic insight to ensure that GMAP continues...
    Information summarized from: Australia Department of Foreign Affairs and Trade
  • Yesterday
    The Appeal Court of Mongolia upheld a verdict against SouthGobi Resources, a Vancouver-based mining company. SouthGobi was appealing an initial verdict by the Appeal Court of Mongolia Second District Criminal Court of Justice on issues related to tax evasion. SouthGobi maintains that it has not committed tax evasion and will continue to defend itself through all available legal means.
    Information summarized from: SouthGobi Resources Ltd. Press Release
  • 2 days ago
    Vancouver-based Fireswirl Technologies Inc. announced that it has completed the sale of its Shenzhen e-commerce platform business to Hong Kong-based Fung Holdings (1937) Limited for C$3.06 million. Upon satisfaction of certain conditions subsequent, a further C$3.25 million will be payable to the company. Fireswirl Technologies Inc. is focused on creating transactional revenue by engineering...
    Information summarized from: Fireswirl Technologies Inc. Press Release
  • 2 days ago
    Toronto-based TMX Group and China's Industrial and Commercial Bank of China (Canada) (ICBK), a Canadian subsidiary of Industrial and Commercial Bank of China Limited (ICBC), announced the signing of a Memorandum of Understanding (MoU) to enhance business cooperation. Under the agreement, TMX Group and ICBK will aim to develop a framework for communicating on a regular basis to evaluate business...
    Information summarized from: TMX Group Press Release
  • 2 days ago
    The National Alliance of Indo-Canadians (NAIC) announced it will be holding a community reception for Narendra Modi, Prime Minister of India, during his state visit to Canada April 14 to 16, 2015. The April 15 reception at Toronto's Richoh Coliseum falls at the midway mark of Modi's Canada visit, with other stops in Ottawa and Vancouver. The NAIC is a not-for-profit organization focused on...
    Information summarized from: National Alliance of Indo-Canadians Release
  • 3 days ago
    Prime Minister Stephen Harper announced that Narendra Modi, Prime Minister of India, will visit Canada from April 14 to 16, 2015, making stops in Toronto, Ottawa and Vancouver. This is Prime Minister Modi's first bilateral visit to Canada since taking office. Increased cooperation in the fields of science and technology, innovation, education, security, counter-terrorism and energy are expected...
    Information summarized from: Prime Minister's Office Press Release
  • 3 days ago
    Montreal-based CAE Inc. has announced it has signed a series of contracts worth more than C$70 million to provide training services and products to airlines and aircraft operators in Canada, Africa, and Asia. One of these contracts is to provide a flight simulator to an undisclosed customer in Asia. CAE provides modeling, simulation and training for civil aviation and defence.
    Information summarized from: CAE Inc. Press Release
  • 3 days ago
    PhytoTech Medical Limited, an Australia-based medical marijuana company, announced it has entered into an agreement to acquire 100% of the issued capital of MMJ Bioscience Inc. (MMJ), a medical cannabis company based in Duncan, British Columbia. The deal is structured with an acquisition price of approximately C$15.2 million upfront and an additional C$5.1 million in performance shares subject to...
    Information summarized from: MMJ Bioscience Inc. News Release
  • 3 days ago
    Acasti Pharma Inc., a biopharmaceutical company based in Laval, Quebec, announced that the Chinese Patent Office has granted it a composition and use patent. The patent, which is valid until 2030, relates to omega-3 compositions and covers methods for treating or preventing a range of cardiovascular and neurological diseases.
    Information summarized from: Acasti Pharma Inc. Press Release
  • 4 days ago
    Finance Minister Joe Oliver launched North America's first renminbi trading hub at an event in Toronto hosted by the Industrial and Commercial Bank of China, designated as the renminbi clearing bank for Canada. The renminbi hub will assist Canadian firms to do business more efficiently in China rather than using a currency of a third country. With a designated clearing bank, it will now be easier...
    Information summarized from: Department of Finance Press Release
  • 4 days ago
    Cepsa, a multinational oil and gas company based in Spain, has agreed to sell its plant in Montreal which produces purified terephthalic acid, a chemical used in the production of polyester, to Thailand-based Indorama Ventures. The deal is subject to regulatory approval. Indorama is focused on the production of polyester.
    Information summarized from: Cepsa Press Release
  • 4 days ago
    The Government of Canada announced several contributions to support emergency relief efforts in response to Cyclone Pam in Vanuatu. The Government had previously announced C$160,000 to support emergency relief efforts under way by the International Federation of Red Cross and Red Crescent Societies to meet immediate needs of up to 60,000 affected people. It has announced a further C$500,000 in...
    Information summarized from: Government of Canada Press Release
  • 4 days ago
    HSBC released its Annual Global RMB Survey indicating that Canadian companies are the second least likely to use Renminbi (RMB) for trade settlement with Mainland China. The survey, commissioned by HSBC and conducted by Nielsen, showed that only 3% (5% in 2014) of the Canadian businesses surveyed said they had conducted cross border transactions in the Chinese currency, compared to 17% of global...
    Information summarized from: HSBC Bank Canada Press Release
  • 4 days ago
    Ottawa-based Export Development Canada (EDC) and the Industrial and Commercial Bank of China (Canada) (ICBK), announced an agreement to work together to promote the use of renminbi (RMB) as a currency of settlement in trade-related transactions. The agreement comes as Canada launched the first RMB trading hub in the Americas. The two trade-focused financial institutions will look to facilitate...
    Information summarized from: Export Development Canada Press Release
  • 4 days ago
    Calgary-based TransAlta Renewables Inc. and TransAlta Corporation announced that they have entered into an investment agreement in which TransAlta Renewables has agreed to invest in TransAlta's Australian power generation and gas pipeline portfolio and fund the remaining project costs for the South Hedland gas-fired project for a combined value of approximately C$1.78 billion. The Transaction is...
    Information summarized from: TransAlta Renewables Inc. Press Release
  • 5 days ago
    Minister of International Trade Ed Fast visited Delhi, India to meet with Arun Jaitley, India's Minister of Finance, and Nirmala Sitharaman, India's Minister of State for Commerce and Industry to discuss the Canada-India economic partnership and opportunities to further strengthen the relationship. Canadian and Indian officials held the ninth round of negotiations towards the Canada-India...
    Information summarized from: Government of Canada Press Release
  • 5 days ago
    Vancouver-based mining company, Ivanhoe Mines Ltd., and China's Zijin Mining Group Co., Ltd. announced that Zijin has acquired 9.9% of Ivanhoe Mine's issued and outstanding common shares. Ivanhoe Mines will issue approximately 76.8 million common shares to Zijin through a private placement with gross proceeds valued at approximately C$105 million. Ivanhoe will use the proceeds to advance projects...
    Information summarized from: Ivanhoe Mines Ltd. Press Release
  • 5 days ago
    Ottawa-based Conference Board of Canada has released two reports in its 'Canada's Changing Trade with Asia' series. The first is titled "Raising Our Game Across the Pacific: The Changing Nature of Canada's Trade with Asia" and identifies the regions, exports, imports, and investments that have been Canada's focus in Asia, areas that have not had much focus, and compares Canada's evolving market...
    Information summarized from: Conference Board of Canada Press Release
  • 5 days ago
    Minister of International Trade Ed Fast met with Voltaire Gazmin, Secretary of the Department of National Defense of the Philippines, and Rene Limcaoco, Undersecretary of Planning for the Department of Transportation and Communications of the Philippines, to review ongoing cooperation between Canada and the Philippines in transportation, defence and security. Minister Fast was in the Philippines...
    Information summarized from: Government of Canada Press Release

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