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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China eyes Canada oil, US’s energy nest egg

Posted on 27 June 2011

Zhang Junsai, China’s ambassador to Canada, said his country is willing to invest heavily in Canada. He told The Associated Press that the fact that China’s $300 billion sovereign wealth fund, China Investment Corp., chose Toronto as the venue for its first overseas office is a “very good sign.”
The fund invested $800 million in Calgary-based Penn West Energy last year and $1.5 billion in Canadian mining company Teck Resources in 2009………………………………………..Full Article: Source

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