China investment in Canada increases

The Canada Press

Guy Saint-Jacques

Canada’s ambassador to China says money from the Asian country is likely to keep pouring into Canadian resource projects.

But Guy Saint-Jacques also says he thinks those dollars will increasingly flow into mining and forestry as well as energy development.

“I expect that the interest will increase on the mining side,” he said in an interview with The Canadian Press after speaking to an audience at the University of Alberta on Monday.

“What I expect also is maybe they will start to get interested in the forestry sector. There’s already investment in pulp manufacturing. I think they are starting to look at potential minority participation in a number of companies.”

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