{"id":728702,"date":"2026-06-27T06:39:34","date_gmt":"2026-06-27T06:39:34","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/728702\/"},"modified":"2026-06-27T06:39:34","modified_gmt":"2026-06-27T06:39:34","slug":"canadian-companies-sign-more-than-1-7-billion-in-deals-during-federal-trade-mission-in-japan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/728702\/","title":{"rendered":"Canadian companies sign more than $1.7-billion in deals during federal trade mission in Japan"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

A drone view of the Deep Sky Alpha carbon capture project in Innisfail, Alta. Sumitomo Mitsui Banking Corp. invested in the project in a move to bolster Japan\u2019s carbon capture ecosystem and support the development of the Japan\u2013Canada carbon removal corridor.Todd Korol\/Reuters<\/p>\n

Canadian companies have struck more than $1.7-billion in commercial deals in Japan<\/a> as a part of the Team Canada trade<\/a> mission.<\/p>\n

Maninder Sidhu, federal Minister of International Trade, witnessed the signing of 14 agreements on Thursday, marking what he said was a record amount of money secured during a Canadian trade mission. <\/p>\n

The trade mission was the largest to the Indo-Pacific region since the government launched its trade diversification strategy in the continent.<\/p>\n

\u201cThis is trade diversification in action: Canadian businesses signing real agreements, opening new markets, and deepening our partnership with Japan, one of our most important partners in the Indo-Pacific,\u201d Mr. Sidhu said in a statement.<\/p>\n

The three-day mission followed a partnership<\/a> announced by Canada and Japan during Prime Minister Mark Carney\u2019s visit to Tokyo in March that is aimed at bolstering the nations\u2019 defence, energy, trade and technology sectors through cross-country collaboration.<\/p>\n

The trade visit comes on the heels of a new Canada-Japan Equipment and Technology Transfer Agreement, which came into force last week and establishes a framework to facilitate the transfer of defence equipment and technology.<\/p>\n

Ottawa seeking closer defence ties with Japan as it grows presence in Indo-Pacific<\/a><\/p>\n

The moves are part of broader efforts by Ottawa to diversify and strengthen trade and security co-operation with overseas allies. <\/p>\n

The mission, led by Mr. Sidhu, brought more than 300 delegates from 175 Canadian organizations to deepen existing relationships and pursue new partnerships. <\/p>\n

Tokyo-headquartered Mitsubishi Electric Corp. MIELF<\/a> selected Canadian technology company MDA Space Ltd. MDA-T<\/a> to support defence satellite communications for Japan\u2019s Ministry of Defence.<\/p>\n

MDA Space will manufacture and test advanced antenna solutions in Montreal, while the company\u2019s operations in Britain will support the core technology.<\/p>\n

Sumitomo Mitsui Banking Corp. SMFG-N<\/a> invested in Canadian climate tech company Deep Sky in a move to bolster Japan\u2019s carbon capture ecosystem and support the development of the Japan\u2013Canada carbon removal corridor. The deal strengthens a partnership established in December, when the two companies signed a memorandum of understanding.<\/p>\n

Montreal-based Deep Sky was founded in 2022 and specializes in direct air capture carbon removal. <\/p>\n

TD signs 10-year deal with carbon capture startup Deep Sky<\/a><\/p>\n

\u201cInvestments like this help strengthen commercial ties between Canada and Japan while supporting the growth of innovative climate solutions developed in Canada and deployed globally,\u201d Mr. Sidhu said.<\/p>\n

Megan Shay, Deep Sky\u2019s vice-president of communications, told The Globe and Mail said it was a \u201csignificant\u201d deal and the \u201cfirst of its kind for the bank\u201d but did not disclose the terms.<\/p>\n

An industry source said the investment is an \u201ceight-figure\u201d amount, or more than $10-million. The Globe is not identifying the source because they were not authorized to speak on the matter. <\/p>\n

BlackBerry Ltd. BB-T<\/a> signed a deal with Japanese advanced car parts supplier Astemo to provide software for next-generation vehicles.<\/p>\n

BlackBerry\u2019s QNX software powers digital dashboards, advanced driver assistance systems and hands-free infotainment for brands like BMW, Ford and Toyota. <\/p>\n

BlackBerry reported Thursday that QNX revenue increased by 26 per cent in the first quarter and the unit is expected to continue delivering growth while being the company\u2019s focus. <\/p>\n

Meme stock no more: BlackBerry sheds dubious label as shares soar on rosy results and outlook<\/a><\/p>\n

Montreal-based satellite designer and builder RSAT Space and Warpspace \u2013 a Japanese space-tech startup that develops intersatellite communication tools \u2013 put up US$5-million for a partnership.<\/p>\n

Gurvinder Chohan, chief executive of RSAT, said in an interview that the companies have been working together for a few years and would be incorporating Warpspace\u2019s laser communication technology into their satellites that are made in Canada.<\/p>\n

Mr. Chohan said that together they\u2019ll be selling the data to various government and non-government offices, which are expected to bring in between US$5-million and US$6-million a year in revenue.<\/p>\n

ZeroKey, a quantum tech company based in Calgary, signed a memorandum of understanding with Deloitte Japan to introduce factory automation and digital transformation in Japan\u2019s manufacturing sector using ZeroKey\u2019s Canadian-developed real-time location technology. The company has previously partnered with Deloitte for its Smart Factory in Montreal.<\/p>\n

The trade mission allowed Canadian companies to cross paths in Tokyo, including Vancouver-based SPARC Global and Autnhive Corporation, an Oakville, Ont.-based cybersecurity platform, which signed a memorandum of understanding in Japan worth $10-million. <\/p>\n

A spokesperson for Mr. Sidhu said Vancouver-based Kanata Clean Power & Climate Technologies Corp., which is developing Kanata LNG, a floating export project planned for Prince Rupert, B.C., is actively pursuing agreements with Japanese buyers.<\/p>\n

Kanata expects the project would be used to export liquefied natural gas to Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: A drone view of the Deep Sky Alpha carbon capture project in Innisfail,…\n","protected":false},"author":2,"featured_media":728703,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[2428,2416,2429,4,2408,2430,28,103,2407,2422,2423,2418,2409,2406,101,526,192,2421,2414,2441,2410,2411,2420,2417,149,983,2431,2413,2436,2437,2439,2434,2438,2432,2435,2412,2425,2426,111,2424,2433,2415,74,2427,2419,194,965,2440],"class_list":["post-728702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/728702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=728702"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/728702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/728703"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=728702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=728702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=728702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}