Prime Minister Justin Trudeau announced an investment of $150 million to CAE through the Strategic Innovation Fund. With this investment, CAE will harness the power of artificial intelligence, cloud computing, big data, and augmented and virtual reality to develop the next generation of simulation and training products. “With this funding, CAE…

Canada’s trade gap narrowed dramatically in June, to its smallest in 17 months, as the country’s exports surged to record levels even as protectionist trade clouds gathered. Statistics Canada reported that the merchandise trade deficit shrank to $626-million, from a revised $2.7-billion in May. Exports jumped 4.1 per cent, their…

Singapore-based global venture capital firm Vickers Venture Partners and Japan’s Sumitomo Corporation Equity Asia, an arm of the Sumitomo Group, have invested a combined US$6 million into Toronto-headquartered Icontek, a start-up that creates natural language processing and machine learning systems. Icontek’s products allow interactions between users,

PSA said it has, through wholly owned subsidiary PSA Canada Holdings, signed an investment agreement with Ashcroft Terminal (AT) to acquire 60 per cent of the business in Western Canada. AT is an inland port facility about 300km east of the Port of Vancouver, and is the only major privately…

Montreal-headquartered Bombardier Inc.’s Bombardier Transportation has signed a contract with Singapore’s Land Transport Authority to supply 396 Bombardier Movia metro cars for passenger services on Singapore’s high-capacity north-south and east-west mass rapid transit lines. The contract is valued at approximately C$791M. The contract incl