Properties Investors

Alberta to attract oil & gas investors with regulatory and fiscal changes

admin — Sun, 14 Mar 2010 00:00:11 +0000

In an effort lure oil and gas investment to the province, the Alberta government will modify conventional oil and natural gas royalty rates, promote more innovation and use of new technologies, and reduce unnecessary red tape while improving coordination of regulatory processes. Currently almost one in seven Albertans are directly or indirectly employed by the energy industry. Changes to improve Alberta’s competitiveness are expected to create 8,000 jobs in 2011-12 and then 13,000 more jobs annually across the economy. Over the next 25 years conventional oil and gas development in Alberta has the potential to add $2.5 trillion in new economic activity.
Read more : Alberta to attract oil & gas investors with regulatory and fiscal changes

Ontario looks to build clean water technology cluster

admin — Sun, 14 Mar 2010 00:00:11 +0000

The province of Ontario has announced plans to be North America’s clean water technology capital. The province will introduce a “Water Opportunities Act” that is expected to create incentives to attract investors and companies to participate in an export-oriented sector that already employs about 22,000 people in the province.
Read more : Ontario looks to build clean water technology cluster

Ontario Technology Corridor at GDC 2010 in San Francisco to attract gaming companies

admin — Sun, 14 Mar 2010 00:00:11 +0000

Executives from the Ontario Technology Corridor are in California attending the Game Developers Conference 2010 to showcase Ontario’s digital entertainment companies. Thirty-five Ontario gaming companies are at GDC 2010 to showcase their creations, make business connections, and help gaming investments to the province. Ontario’s entertainment and creative cluster produces $15 billion in revenue and over 200,000 jobs, along with a $12.7 billion contribution to the province’s GDP.
Read more : Ontario Technology Corridor at GDC 2010 in San Francisco to attract gaming companies

Ontario becoming magnet for companies in green energy sector

admin — Fri, 12 Mar 2010 00:00:10 +0000

Ontario is becoming a magnet for global companies in the green energy sector, drawn by alluring subsidies at a time when incentives are being scaled back elsewhere. Already this year, South Korea’s Samsung C&T Corp and Bosch Solar Energy have said they will set up shop, and more are expected to follow. The provincial supports is attracting these companies as well as the proximity to the U.S. market. Ontario, which is phasing out its coal-fired power stations and looking for cleaner energy options, last October unveiled the richest set of tariffs in North America for feeding power generated by renewable sources into the grid.
Read more : Ontario becoming magnet for companies in green energy sector

RBS sets up office in Calgary to target energy sector

admin — Fri, 12 Mar 2010 00:00:10 +0000

The Royal Bank of Scotland said it’s opening an oil and gas advisory in Calgary. The Edinburgh-based RBS said it will open the Calgary office to take advantage of the economic recovery in the city’s oil and gas sector. RBS said this is move is a vote of confidence in the Canadian oilpatch. Calgary will be an extension of the bank’s Houston practice and its oil and gas advisory in the United States, which carries out reserves-based lending, mergers and acquisitions and risk management services for large and mid-cap firms where RBS had previously concentrated on Canadian large caps.
Read more : RBS sets up office in Calgary to target energy sector

Canadian banks reach profit of $5.3 billion in first quarter

admin — Fri, 12 Mar 2010 00:00:10 +0000

Total profits for Canada’s six biggest banks surged to $5.3 billion in the first quarter as loan losses fell and their domestic operations flourished. The positive earnings were driven by strong growth in mortgage lending and other domestic business. Those profits are about 75% higher than they were in the first quarter last year. None had a return on equity below 14%.
Read more : Canadian banks reach profit of $5.3 billion in first quarter

Canada’s Technology Triangle travels to California to attract digital media operations

admin — Wed, 10 Mar 2010 00:00:14 +0000

Canada’s Technology Triangle will be traveling to Los Angeles and San Francisco to promote Ontario, and specifically Waterloo Region, as the ideal place to establish digital media operations in North America. Included among the reasons are the extensive talent pool, strong and stable economy and the variety of investment incentives. This foreign direct investment attraction mission will include meeting with animation and special effects companies in Los Angeles. The mission will continue as it travels to San Francisco to the Game Developers Conference where prequalified meetings have been arranged with global companies in the digital media sector that are seeking opportunities to expand their operations.
Read more : Canada’s Technology Triangle travels to California to attract digital media operations

Saskatchewan mining sector to be showcased at international conference

admin — Wed, 10 Mar 2010 00:00:14 +0000

Saskatchewan’s mining sector will be showcased at the Prospectors and Developers Association of Canada (PDAC) International Convention taking place in Toronto. The conference is expected to attract up to 20,000 delegates from around the world for the convention and its accompanying trade show and investors exchange. The province’s mining industry is coming off another solid year. Exploration expenditures are expected to top $290 million for 2009. According to Natural Resources Canada, Saskatchewan accounted for 16% of Canada’s exploration expenditures in 2009.
Read more : Saskatchewan mining sector to be showcased at international conference

Daewoo to open wind turbine manufacturing plant in Nova Scotia

admin — Sat, 06 Mar 2010 00:00:14 +0000

South Korean firm Daewoo will open a $90 million plant to manufacture wind-turbine components in Nova Scotia. The plant in Pictou County will initially employ 200 workers with the possibility to expand to 400. Nova Scotia is going to be a partner in the joint venture with Daewoo.
Read more : Daewoo to open wind turbine manufacturing plant in Nova Scotia

Jamaica opens trade and invest office in Canada

admin — Sat, 06 Mar 2010 00:00:14 +0000

Jampro, formerly Jamaica Trade and Invest, has re-opened its office in Canada. The office will service all of North America and is situated at the Jamaican Consulate General in Toronto. Jampro will be seeking to promote and introduce Jamaican products to potential buyers and also to try to encourage Canadian businesses to look at Jamaica favourably as a location to invest.
Read more : Jamaica opens trade and invest office in Canada