Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the federal government will extend the 15-per-cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional year, until March 31, 2025. The Mineral Exploration Tax Credit, which was scheduled to expire on March 31, 2024, provides important support to junior mineral exploration companies working …
Washington – François-Philippe Champagne, Minister of Innovation, Science and Industry, concluded a visit to three key states and the District of Columbia. The visit was part of the Team Canada engagement strategy with the US. After kicking off the visit in the Windsor–Detroit (Michigan) region, along with Mary Ng, Minister of Export Promotion, International Trade and Economic Development, and Kirsten Hillman, …
Toronto – Canada’s minerals and metals are essential contributors to our economy, infrastructure, innovation and environmental stewardship. And as the world moves toward net zero by 2050, demand for Canada’s mineral resources, especially critical minerals, will only increase. By making the right investments in the exploration and mining sector, we can enable sustainable resource development, create good jobs, drive economic …
Mitsui High-tec (Canada), Inc.’s new Brantford facility will help build province’s EV supply chain BRANTFORD — The Ontario government is welcoming a $102.3 million investment by Mitsui High-tec (Canada), Inc. a manufacturer of motor cores, the basic structure of the motor used in electric vehicles (EVs). This investment, to expand the company’s Canadian operations, will create 104 highly skilled, good-paying jobs, …
33 Ontario biotech and pharma organizations showcase province’s innovation and workforce TORONTO — The Ontario government has concluded a successful trade mission to Boston to promote the province’s growing life sciences sector and explore new opportunities for investment and job creation. Vic Fedeli, Minister of Economic Development, Job Creation and Trade, led a delegation of 33 companies and organizations to …
Ottawa – India’s strategic, economic and demographic importance in the Indo-Pacific makes it a critical partner in Canada’s Indo-Pacific Strategy. This week, Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, welcomed Piyush Goyal, India’s Minister of Commerce and Industry, Consumer Affairs and Food and Public Distribution and Textiles, and Indian business leaders to Canada. In …
ST THOMAS — From mining critical minerals to building batteries and cars, Ontario and Canada continue to attract historic, transformational investments across the electric vehicle supply chain to secure more good-paying jobs for workers today and for decades to come. Last month, Ontario and Canada secured a historic investment from Volkswagen, Europe’s largest automaker. Volkswagen is investing $7 billion to …
Province’s dynamic automotive and technology sectors highlighted at South by Southwest TORONTO — The Ontario government has concluded a successful trade mission to Texas to promote the province’s growing automotive and technology sectors and to explore new opportunities for investments and job creation. The mission, led by Vic Fedeli, Minister of Economic Development, Job Creation and Trade, included the province’s …
