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Banking & Finance

Canada to encourage Chinese investment in mining, energy

Canadian Prime Minister Stephen Harper plans to encourage increased investment in Canada’s mines and energy resources from Chinese firms such as China Petroleum and Chemical Corp, also known as Sinopec, on his first trip to China, Bloomberg reported. Don Lindsay, CEO of Canada’s largest base-metals producer Teck Resources, said that the Sino-Canadian relationship has "warmed up significantly." Canada’s Finance Minister Jim Flaherty also encouraged Chinese investors to consider his country’s natural resources during a visit in August, while at the same time seeking increased access for Canadian firms like Manulife Financial and Bombardier.

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