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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