CANADA > Facebook expands AI research and engineering lab in Montreal, Canada

facebook- logo photoshopped Facebook has announced to open up a new AI research lab in Montreal that will create more than 100 jobs for scientists across different locations. The team of scientist will be led by the renowned Professor Joelle Pineau, co-director of the Reasoning and Learning Lab at McGill University and will be working on a wide range of ambitious AI research More …

CANADA > Sweden based IKEA to Establish Customer Distribution Center in British Columbia Creating 100 New Jobs

1280px-Ikea_logo.svg Swedish home furnishing retailer -IKEA – is set to open a 340,000 square foot customer distribution center in Richmond, British Columbia (Vancouver metro area) in April of 2018. The investment will create approximately 100 new jobs. According to IKEA’s press release, IKEA Canada plans to double in size by 2025. A new store is slated to open this (2017) fall More …

CANADA > China’s Niutech Environment Technology Corporation to invest $15Mn in Canada

Untitled China based Environmental Technology Company-Niutech to invest $15 million in Chatham-Kent, Canada. The investment is also expected to create around 50 jobs. Niutech Environment Technology Corporation with the investment is expected to set up a manufacturing plant along with a R&D Centre.   About Niutech Environment Technology Corporation Niutech was founded in 1980s with its headquarter in Jinan, Shandong Province More …

CANADA > China’s Huawei to invest $212Mn in Canada with Ontario Government as partner in “5G Ontario” project

Huawei.svg China based networking and telecommunications equipment and services Company-Huawei is set to invest $212 million in partnership with the Government of Ontario on “5G Ontario” Project. The government of Ontario will be investing $16 million on the project. The investment by Huawei is supposed to create 250 new jobs for R&D in the province. Based on Huawei’s press release, the plan of More …

CANADA > France based L’Oréal to acquire CeraVe, AcneFree and AMBI Skincare Brands from Valeant Pharmaceuticals for $1.3 billion

800px-L'Oréal_logo.svg France based L’Oréal to acquire CeraVe, AcneFree and AMBI Skincare Brands from Valeant Pharmaceuticals for $1.3 billion in all cash deal. After the deal Valeant CEO Joseph C. Papa said “We are pleased to close this transaction with L’Oréal, and further our progress to pay down debt.”   About Valeant Pharmaceuticals Valeant Pharmaceuticals is a multinational specialty pharmaceutical company based in Laval, Quebec, More …

CANADA > PayPal to acquire TIO Networks for $233Mn

PayPal.svg USA based PayPal to acquire Canada based bill payment management company TIO Networks for $233 million. The all-cash deal is expected to close in late 2017. TIO last year alone served some 14 Million customers through its 65,000 retail locations and online. PayPal is expected to pay $2.56 per share for the acquisition.   About TIO NetworksTIO Networks is an More …

CANADA > France based Roquette to invest $306Mn in Canada

Roquette-SIC-Feed-2014_scale_xxl France based Roquette to invest around C$400Mn ($306Mn) in Manitoba, Canada to build a new pea-protein manufacturing facility. The plant when completed will create 150 new jobs. The construction of the plant is expected to start in the second half of 2017 and the production is set to kick off in early 2019. With this Roquette’s investment will create world’s More …

CANADA > Germany’s Siemens to invests $132.6 M in its plant in Canada

Siemens_AG_logo.svg Germany based Siemens to invest $132.6Mn in Canada. The Greater Montréal plant of Siemens will get investment of $110.6Mn for research and development works mainly focused on design and improvements of aero-derivative gas turbines.  The remaining $22Mn investment will be used for launching Industry 4.0 platforms. For the investment Siemens plant will get $20Mn support from the Québec Government.   More …