Prime Minister Stephen Harper welcomed the announcement by Trans-Pacific Partnership (TPP) members of their support for Canada joining the trade negotiations. “Opening new markets and creating new business opportunities leads to jobs, growth and long-term prosperity for all Canadians,” said Prime Minister Harper. Canada will proceed to enter the talks at the earliest opportunity.
Countries party to the negotiations are: Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam.
Prime Minister Stephen Harper today announced the conclusion of an agreement between Canada and the State of Michigan toward building a new publicly owned bridge crossing between Windsor, Ontario, and Detroit, Michigan.
“Our Government is taking the measures necessary to facilitate trade and investment between Canada and the United States in order to generate jobs, economic growth and long term prosperity,” said the Prime Minister. The project includes the bridge, Canadian and U.S. inspection plazas, and an interchange with Interstate-75 with construction expected to take four to five years.
Bombardier Transportation has signed a contract to manufacture 300 subway cars for New York City Transit in a deal valued at $599 million. The cars will be built at the Canadian firm’s manufacturing plant in Plattsburgh, N.Y. The Plattsburgh plant has produced more than 3,000 passenger rail cars and locomotives in service across the United States since 1995. Bombardier’s current North American orders include 706 new subway cars for Chicago.
As part of a new season of programming for the BBC about Canada, the news team joined a panel of experts at the University of Calgary last week to discuss the future of energy in Canada and worldwide. The panel included Brenda Kenny, President, Canadian Energy Pipeline Association; Peter Tertzakian, Chief Energy Economist and Managing Director, ARC Financial Corp; Andrew Leach, University of Alberta professor in the Centre for Research in Energy and Environment; and Harrie Vredenburg, Professor in the Haskayne School of Business.
The panel elaborated on Canada’s oil industry within a global context, touching on its challenges and opportunities.
A new report by the Conference Board of Canada states that most new investment has occurred in large Canadian cities. As members of the newly-incorporated Consider Canada City Alliance Inc, Halifax, Québec City, Montréal, Ottawa, Toronto, Kitchener-Waterloo-Cambridge, Winnipeg, Saskatoon, Calgary, Edmonton, and Vancouver seek to attract new investors to their respective locations.
The report suggests that an FDI attraction strategy involving city-level economic development efforts as well as provincial and national investment will attract significant benefits for the members of CCCA and Canada overall.
The United States is the most popular market for Canadian business, the BMO Bank of Montreal financial group reports. The study reveals that 68 per cent of Canadian small business owners are looking to expand south of the border, up 12 per cent from 2011.
Commenting on the results, Cathy Pin, Vice-President of the Commercial Banking division of BMO, believes “The good news is that there is an encouraging level of optimism in the Canadian business community.”
The Ontario Centres for Excellence offered 328 Canadians the chance to attend the Discovery 12 Conference, the largest business speed networking event ever held.
In their pursuit of commercializing cutting-edge research, the Ontario Centres of Excellence seek to promote the training and development of Canadian innovators and entrepreneurs by connecting them with key partners such as Ontario’s industries, universities, colleges, research hospitals, investors and governments.
Brad Duguid, Ontario’s Minister of Economic Development and Innovation, noted “the room was full of creative minds and endless possibilities - a clear demonstration of commitment to building Ontario’s innovation economy.”
After a series of meetings with Canadian counterparts in Ottawa this Thursday, the U.S. State Department’s top international energy adviser, Carlos Pascual, declared that “The United States values Canada as its most important energy partner,” and this relationship “will continue to be true in the future.”
He added that secure access to Canadian imports of oil and natural gas is crucial to the U.S., despite the delay of the Keystone XL pipeline.
The Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, delivered a keynote speech today focused squarely on the Harper government’s pro-trade plan for jobs, growth and long-term prosperity—the broadest economic expansion plan in Canadian history—to more than 100 members of the Canadian/American Border Trade Alliance during its three-day conference in Ottawa.
“Trade is the new stimulus,” said Minister Fast. “We need more trade, more investment and deeper partnerships to help strengthen the financial security of hard-working Canadians and Americans alike. There is no better job creator or economic growth generator than deeper trade. That’s why our government is continuing to take steps to make the Canada-U.S. partnership—the world’s greatest free trade success story—even stronger in the years ahead.”