On July 20, 2012 Chinese oil corporation CNOOC closed a deal to buy Alberta's Nexen priced at $15.1 billion. This is the largest oversea's purchase by a Chinese company and signals Canada's openness to foriegn investment in the country.
Clearing up restrictions that clog the Canada-U.S. border could save businesses in both countries as much as $30 billion a year, according to Canada's minister of international trade, Ed Fast.
The Canada Institute proudly presents the seventh publication in its One Issue, Two Voices series, which addresses Canada-U.S. competitiveness and productivity.
The Minister of International Relations, la Francophonie and External Trade (MRIFCE), and the Minister responsible for the Montréal region, Mr. Jean-François Lisée, lead his first mission to Washington on December 11-12. Minister Lisée held several roundtable discussions, most notably at the Woodrow Wilson International Center for Scholars, where he spoke on the importance of consolidating the economic relationship between Québec and the United States with various business leaders and academics in Washington.
Jack Layton, leader of Canada's New Democratic Party (NDP), discussed ways for progressive leaders in the United States and Canada to work together to address the major issues facing middle-class families across North America. At the event, hosted by the Canada Institute, he explained how universal health care coverage in the United States would benefit the U.S. economy and improve the quality of life of millions of Americans.
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