The Canadian government is providing more than 650,000 Canadian dollars to 18 local organizations in the province of Quebec as part of its Invest Canada-Community Initiatives program. The program aims to help local organizations attract foreign investments. The government said it is investing up to 3 million Canadian dollars in the program in 2010. Recipients include Montreal International, Aero Montreal and the International Finance Center of Montreal, Minister of International Trade Peter Van Loan said.

    Meanwhile, on the international scene, the Canadian government said it is keen to settle its Arctic border dispute with Denmark and the U.S. The government is confident it will meet a 2013 deadline for providing proof to support its claim on undersea territories in the Arctic, Foreign Minister Lawrence Canon said, according to Agence France-Presse. Canada is now open to negotiations with Denmark and the U.S. over disputed boundaries of the Hans Islands and Beaufort Sea, Canon said. AFP notes that Canada ignored the other countries’ requests to resolve the disputes for the past two years. Canada, the U.S. and Denmark are three of the countries with overlapping claims over parts of the Arctic that are said to be rich in hydrocarbons.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.