Overview
- The Mexican-led mission, which ran Thursday and Friday in Toronto and Montreal, brought 244 firms to hold about 1,800 business meetings with Canadian companies.
- Officials from both countries said they signed 10 memorandums and agreements spanning life sciences, agri‑food, education and creative sectors, including a C$200 million upgrade plan by Grupo Bimbo in Canada.
- A memorandum signed in Toronto set out a reported $2 billion plan by Solar International Core Canada to build an active pharmaceutical ingredients plant in Zapotlán, Hidalgo, with a $70 million first step to buy the site.
- Marcelo Ebrard and Canada’s trade minister Dominic LeBlanc met CEOs and major funds such as Ontario Teachers’ and toured Electrovaya’s battery plant, and letters of intent flagged potential projects in Chiapas, Puebla and Jalisco.
- The mission is part of the 2025 Mexico–Canada Plan of Action and prep for the USMCA review, as Mexico seeks more Canadian investment after annual flows hovered near $3 billion in recent years.