Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.

A report from Canadian newspaper Globe and Mail said that John Sculley, a former Apple CEO, was mulling a possible bid for BlackBerry.

Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.

Canadian Prime Minister Stephen Harper had removed many hurdles for US and European investors in Canadian enterprises.

Canso Select Opportunities Fund closed its Toronto IPO with USD 90 million. Lysander Funds Limited announced that its Canso Select Opportunities Fund completed its initial public offering at the Toronto Stock Exchange today.

With 90% of Canada Bread Co in Maple Leaf Foods Inc's name, the latter is seeking options for the divestment of the said asset.

The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.

According to sources familiar with the matter, any deal that Chinese computer maker Lenovo would push through with BlackBerry would cause regulatory hurdles.

The Investment Canada Act would be a major hurdle for foreign companies like Lenovo who wish to acquire Blackberry as a whole or in parts.

Egyptian telecoms magnate Naguib Sawirirs said that the unclear telecommunications policy in Canada would jeopardize foreign investment.