News Service

  • 2 days ago
    Montreal-based Logistec Corporation has reached an agreement with the Port of Sydney to provide marketing and stevedoring services at the Joan Harriss Cruise Terminal starting October 2018. Today, the terminal consists of a multipurpose berth that services both cruise and cargo vessels, but a second berth will be constructed for the 2019 cruise season. Further, Logistec will provide key...
  • 2 days ago
    Fairfax India Holdings Corp. (Fairfax) has received regulatory approvals and completed the initial closing of its aggregate 12.1 billion Indian rupees (approximately US$164.7 million) investment in the Catholic Syrian Bank Ltd. (CSBL) Upon the completion of the aggregate transaction, Fairfax India will own 51 per cent of CSBL, a full-service bank with 421 branches across India. Fairfax is a...
  • 3 days ago
    South Korea’s Samsung Electronics Co. (Samsung) plans to open its seventh artificial intelligence (AI) research centre in Montreal, according to industry sources. Last year, Samsung Electronics launched an AI Lab in Montreal, as well as its first AI centre based in University of Toronto. The proposed centre will be Samsung Electronics’ second in Canada and seventh in the world, including...
  • 3 days ago
    Canadian Solar Inc. and Biosar Australia, a solar engineering, procurement, and construction provider today announced that they will partner to build a 256 Mega Watt peak (MWp) solar power project in the Northwestern part of Australia's State of Victoria for Total Eren, a leading French independent power producer. Construction for the project, dubbed the Kiamal Solar Farm, is planned to start in...
  • 4 days ago
    Newmarket, Ontario-headquartered AirBoss of America Corp. has announced that Victoria-state headquartered Leidos Australia Pty Ltd. has awarded a contract to AirBoss Defense, the defence products line produced by the company’s Engineer Products segment, to provide personal protective equipment to the Australia Defence Force (ADF). In partnership with Leidos, AirBoss Defense will deliver ...
  • 4 days ago
    La Caisse de Dépôt et Placement du Québec has announced it has increased its stake in Azure Power Global Ltd., a leading player in solar energy, to 40 per cent through a US$100 million contribution to the company's recent capital raising. This new investment in Azure Power brings the total amount invested by La Caisse to US$240 million. Azure Power is one of India's largest independent solar...
  • 5 days ago
    The Government of Canada has announced new market access for live cattle exports to the Philippines, as well as sheep and goat genetics exports to Indonesia and the Philippines. According to the Canadian Livestock Genetics Association, the export market of live cattle to the Philippines is estimated to be valued at C$8 million, and exports of sheep and goat genetics to Indonesia and the...
  • 5 days ago
    Toronto-headquartered Centerra Gold Inc. has announced that it has completed the sale of its Mongolian business unit, including the Boroo Gold Mine, its processing facility, and the Gatsuurt Gold Project to OZD ASIA PTE Ltd. for net proceeds of US$35 million. OZD has purchased all of the outstanding shares and debt of Centerra Netherlands, BVBA, which is the 100 per cent direct shareholder of...
  • 6 days ago
    Minister of Tourism, Official Languages and La Francophonie, Mélanie Joly, in collaboration with the Tourism Industry Association of Canada, has announced that a series of up to ten market readiness workshops on welcoming more tourists from China will take place across the country over the coming months. These workshops will help Canadian businesses improve their understanding of what Chinese...
  • 6 days ago
    Pacton Gold Inc., a Vancouver-headquartered mining company, has entered into an agreement to acquire a 70 per cent equity interest in the Hong Kong project from Clancy Exploration Ltd., a Western Australia-based mining company. The Hong Kong project consists of a single exploration license covering 40.15 km2 and directly adjoins the Friendly Creek and Golden Palms projects in Western...
  • October 12, 2018
    Canada’s Launch Academy and India’s Gujarat University Startup and Entrepreneurship Council (GUSEC) entered into a Memorandum of Understanding (MOU) at the inaugural session of the Vibrant Gujarat Startup and Technology Summit 2018. The MOU will facilitate the exchange of knowledge towards enhancing the capacity and quality of startups, entrepreneurs, innovators, and mentors; and engage in...
  • October 12, 2018
    Parliamentary Secretary to the Minister of International Trade Diversification Omar Alghabra concluded the first Government of Canada-led Indigenous trade mission to New Zealand. He participated in a roundtable on Indigenous economic development and trade on the margins of the World Indigenous Business Forum (WIBF) alongside Australia and Chile. Parliamentary Secretary highlighted Canada’s...
  • October 11, 2018
    Senior executives of TMX Group visited China this week to meet with Chinese government officials and business leaders to further relationships in the region and the group’s global growth strategy. TMX Group signed a Memorandum of Understanding (MOU) with Shanghai Clearing House, which builds on almost two years of collaboration between the two organizations. The two companies have worked together...
  • October 11, 2018
    Air Canada announced that it has added enhancements to four international routes from Vancouver International Airport (YVR), including increased service to Delhi with daily flights on a year-round basis starting June 2, 2019. In addition, Air Canada is increasing its non-stop Melbourne service to four times weekly year-round; Zurich summer seasonal service to five flights a week; and service to...
  • October 11, 2018
    The Canadian Chamber of Commerce in Ho Chi Minh City, Vietnam announced that the 22nd annual Terry Fox Run, which aims to increase awareness about cancer and raise funds for oncology research, will take place on November 18. The event has supported children’s hospital systems throughout Vietnam via the Ho Chi Minh City Medicine and Pharmacy University. It also aims to establish clinical and...
  • October 10, 2018
    Innovative Multidisciplinary Partnerships to Accelerate Community Transformation and Sustainability (IC-IMPACTS) has awarded a new Innovative Demonstration Initiatives (IDI) project to Dr. Manzoor A. Shah of University of Kashmir and Professor Damase Khasa of Université Laval. The project will demonstrate test plant-based soil-cleaning technology in real-world conditions on two sites in Canada...
  • October 10, 2018
    Japan’s Toho Gas Co. announced that it has signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp. to buy up to four cargoes or 0.3 million tonnes per annum of LNG from the British Columbia-based LNG Canada project over 15 years starting 2024/2025. The project was cleared by Royal Dutch Shell, Mitsubishi, and other partners last week. Toho Gas Co. is based in Nagoya, Japan and...
  • October 10, 2018
    Avison Young announced the launch of its Seoul office and the appointment of Byoung Gon Choi as the office’s Managing Director. The new Seoul office is Avison Young’s 85th office globally and first in Asia. 63 new members will join the Seoul office. Avison Young is a global commercial real estate services firm based in Toronto, ON. During the last decade, Avison Young grew from 11 to 85 offices...
  • October 9, 2018
    Edmonton-headquartered Stantec Inc. is deepening its capabilities in Australia with the planned acquisition of Perth-based Wood & Grieve Engineers (WGE). A building-engineering-focused consulting services company, WGE provides structural, mechanical, electrical, plumbing, and hydraulics engineering; and a broad range of related specialty services for clients throughout Australia. The firm...
  • October 9, 2018
    Kingston, ON-headquartered Croptracker, Inc. has announced a long-term agreement of its crop management and record-keeping software by Mr Apple New Zealand Ltd. Mr Apple is New Zealand's largest fully-integrated grower, packer, and marketer of apples. Mr Apple employs over 2,200 staff at its peak, operates over 1,100 hectares of orchards, and exports more than 4 million cartons of apples every...

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