Huawei Takes Its Money To Canada

Chinese technology firm Huawei will invest USD67 million in a new research and development center in Canada.

"Huawei's investment is great news for the city of Ottawa and the people of Ontario. It's an endorsement of Ontario's high-skilled workers and innovative researchers, and demonstrates the importance of our continued efforts to work together to create jobs and build prosperity," said Dalton McGuinty, premier of Ontario.

The center in Ottawa will also enable Huawei to receive a USD6.5 million grant from Ontario. The investment will reportedly help create 164 new jobs over five years.

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