Outcomes of the Team Canada Trade Mission (TCTM) to Mexico

The Team Canada Trade Mission to Mexico led by the Honourable Dominic LeBlanc, President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade and One Canadian Economy, with the participation of the Honourable Marc Miller, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, the Honourable Heath MacDonald, Minister of Agriculture and Agri-Food, and several parliamentary secretaries, and accompanied by more than 240 business organizations and over 370 business delegates from Canada, highlighted Canada’s commitment to strengthening economic ties, diversifying trade, promoting investment, and advancing shared prosperity across North America.

Throughout the trade mission, twenty-three announcements, commercial partnerships and agreements involving national business associations, government organizations, and Canadian companies from five provinces and one territory (Alberta, British Columbia, Newfoundland and Labrador, Quebec, Saskatchewan, and Yukon) were highlighted. These new agreements reflect the strength, diversity, and innovation in Canada’s bilateral trade and investment relationship with Mexico, and span key sectors where Canadians excel.

1. Reseller Agreement between 149MKM and Mexican Private Hospitals Consortium to enhance competitiveness

This Reseller Agreement will see the Mexican Private Hospitals Consortium promote 149MKM compliance software with its more than fifty member The implementation of 149MKM software will allow the Consortium's 50 member hospitals to enhance document control, mitigate regulatory risk, ensure continuous audit readiness, and operate under the highest quality standards. This initiative furthers the competitiveness of Mexico’s private healthcare sector through world-class Canadian technological solutions.

2. Accéder reaches agreements with General Electric Vernova and Minsait

Canadian Deep Tech AI company Accéder reached two commercial deals as a direct result of meetings arranged during the Team Canada Trade Mission (TCTM) Mexico. The first deal is with General Electric Vernova, to deploy a first TITAN agent through a Proof of Concept, with the objective of transitioning into a one-year commercial agreement following successful validation. The second deal is a commercial partnership established with Minsait, who will resell TITAN in the Mexican and U.S. markets, while Accéder will promote and commercialize Minsait and INDRA consulting services as part of joint solutions.

3. Air Canada announces new flights between Canada and Mexico

Air Canada announced it is strategically expanding its summer schedule to Mexico with 18 per cent more seat capacity over last summer. While Canada and Mexico are deepening ties, the airline is further strengthening its schedule to Mexico to support growing travel to and from Mexico. Highlights of Air Canada’s Mexican network growth includes the addition of new, year-round flights from Montréal to Guadalajara, as well as increased frequencies to Cancún, Monterrey, Mexico City and Puerto Vallarta, four in-demand destinations with Canadians and international travelers alike.

4. Business agreement between Apprendo and Chevez Ruiz Zamarripa

Apprendo, headquartered in Whitehorse, Yukon, owns an expertise-based marketing platform that uses advanced artificial intelligence (A.I) and natural language processing models to transform recorded business conversations into marketing content assets, directly supporting digital transformation across industries. Chevez Ruiz Zamarripa, a leading tax consulting and legal firm in Mexico with practices spanning from banking and finance to real estate, technology and fintech, is purchasing an annual enterprise software subscription of Apprendo’s A.I.-driven marketing platform.

5. Memorandum of Understanding between the Business Council of Canada and Consejo Coordinador Empresarial

The Business Council of Canada signed a Memorandum of Understanding with Mexican counterparts, the Consejo Coordinador Empresarial (CCE), strengthening the ties and business-to-business collaboration between Canada’s and Mexico’s business communities. This agreement reflects a shared commitment to strengthen trade and investment ties, advance regulatory cooperation and competitiveness, promote resilient and secure supply chains, and champion a “North America first” approach in a changing global economy.

6. Business Development Bank of Canada Invests in Solfium

The Business Development Bank of Canada (BDC), through its Sustainability Venture Fund, completed a $4.1M Series A investment in Solfium Inc., a Canadian‑headquartered solar solutions enterprise that operates principally in Mexico. The Series A round was led by international and impact‑oriented investors, with BDC joining as a strategic Canadian institutional investor alongside global partners. Solfium’s core technology platform, IP, and strategic management are Canadian, while deployment and growth are concentrated in Mexico—creating a direct Canada‑to‑Mexico innovation pipeline.  The company works with major multinational and Mexican corporates operating across multiple sites, reinforcing cross‑border clean‑energy supply chains. BDC’s investment demonstrates how Canadian public capital can partner with Mexican operations to scale globally competitive companies, reinforcing two‑way trade, investment, and technology transfer between Canada and Mexico.

7. Joint Statement by the Canadian Chamber of Commerce (CCC) and CanCham Mexico on enhanced collaboration

This Joint Statement between the two organizations will provide a framework to enhance collaboration in promoting trade and investment as well as the organization of joint events and trade missions

8. ChillSkyn signed two MOUs to deploy its Passive Daytime Radiative Cooling technology to reduce energy use and emissions

ChillSkyn, a Montreal-based technology company specializing in Passive Daytime Radiative Cooling (PDRC) to provide zero-energy cooling solutions, signed two MOUs to deploy their technology on refrigerated trailers in Mexico. The first MOU was signed with Utility Trailers of Mexico SAPI de CV, a leading manufacturer and distributor of refrigerated trailers, dry freight vans, flatbeds, and curtain-sided trailers. The second MOU was signed with Frío Servicio de Monterrey (FRISER), a leading transport refrigeration solutions company headquartered in Monterrey.

9. Destination Canada Tourism Sales Mission to Mexico

Destination Canada will lead a Team Canada tourism sales mission to Mexico this year, known as Focus Canada Mexico, bringing together approximately 60 Canadian delegates from provinces, cities, and tourism businesses to connect with leading Mexican travel partners and airlines

10. Foreign Direct Investment by Fresnillo – Purchase of Probe Gold 

Fresnillo plc has completed a CAD $770 million all‑cash acquisition of Probe Gold Inc., a Canadian gold exploration company. Through this transaction, Fresnillo plc now holds a 100% interest in the multimillion‑ounce Novador Gold Project and the early‑stage Detour Gold Project, both located in Québec. Fresnillo plc is the world’s largest primary silver producer and Mexico’s largest gold producer, listed on the London and Mexican Stock Exchanges (FRES). The company operates eight mines and four advanced exploration projects in Mexico, with additional exploration interests in Peru and Chile. Fresnillo plc is a subsidiary of Industrias Peñoles and part of Grupo BAL. Following the acquisition, Fresnillo plc will commence work to advance the development of the Novador project and will continue to explore Probe’s extensive land package, including the early‑stage Detour Gold Québec project.

11. Distributor Agreement between GECCO and DENCO

Green Edge Computing Corp (GECCO), based in Vancouver, British Columbia, signed a Distributor Agreement with Comercializadora Denco Mexico S.A. de C.V. (DENCO) that authorizes DENCO as a distributor of GECCO’s innovative Micro-scale Edge AI Data Centres in the Mexican market. This partnership is expected to give Mexican organizations a small footprint alternative to conventional data centre technology that requires significant electric power and draws on scarce water resources for cooling.

12. Government MOU between Innovation, Science, and Economic Development Canada (ISED) and Secretariat of Economy (Economia) on Industrial Health Security and Biomanufacturing 

The two departments signed a Memorandum of Understanding on industrial health security and biomanufacturing. This is a commitment under the Canada Mexico Action Plan (CMAP), strengthening cooperation across a range of mutual interests. The aim of the MOU is to develop resilient and innovation-driven medical supply chains and biomanufacturing ecosystems that support industrial health security, scientific and technological advancement, and the long-term competitiveness of the life sciences sectors in Canada and Mexico. 

13. Renewal of Partnership between Iregular and JC Atelier for equipment upgrades

JC Atelier’s prior collaboration with Montreal-based digital art studio Iregular consisted of an investment exceeding $200,000 for the development of bespoke interactive hardware, software, and creative assets integrated into a video-mapping system. The renewal will see JC Atelier make an additional investment in equipment upgrades and creative asset updates. As lead creator, JCAtelier transformed a former prison into a permanent 19,000 m² public cultural space. Iregular delivered two unique participatory technological experiences that became key components of the installation and were widely embraced by the Mérida community. Inaugurated in 2023 and still active, the project reimagines a site of confinement as an open cultural environment through light, sound, architecture, landscape, and reforestation.

14. MOU between Landslide Entertainment and Wozom Studio for a Canada-Mexico Audiovisual Co-Production

Landslide Entertainment Inc (based in Saskatchewan, Canada) and Wozom Studio from Mexico signed a Memorandum of Understanding for a Canada-Mexico co-production for the animated feature film entitled Thingdom.

17. MOU between Logic Air and Zoppas Industries to leverage respective specializations for technical assessments and feasibility studies

Under this MOU, Quebec-based company Logic Air and Zoppas Industries intend to evaluate potential technical and commercial opportunities, define viable use cases, and assess market demand. The collaboration will focus on leveraging Logic Air’s aerospace engineering, certification, and maintenance-repair-operations (MRO) capabilities in Canada, together with Zoppas’ design, manufacturing, and thermal systems expertise, with activities distributed between Canada and Mexico as well globally with other plants of Zoppas in line with each party’s competencies and operational footprint.

16. LOGISTEC enters definitive agreement to acquire Inmobiliaria Portuaria de Altamira

LOGISTEC, a leading North American marine and logistics service provider based in Montréal announced that it has successfully entered into a definitive agreement to acquire 100% of Inmobiliaria Portuaria de Altamira, S. de R.L. de C.V. ("IPA") (IPA, ATEMSA, SMA, STEEL, collectively “IPA”), an industry-leading breakbulk and steel handling facility, at the Port of Altamira, Mexico. Upon receipt of applicable regulatory approvals, this acquisition will expand LOGISTEC’s presence to Latin America and marks a significant milestone in its vision as a global multi-purpose marine terminal operator. IPA Steel Terminal is a pivotal hub in handling specialized breakbulk and steel commodities in the Gulf of Mexico, serving major industrial customers and regional supply chains. With modern infrastructure, deepwater access, and skilled workforce, IPA brings strategic value to LOGISTEC’s portfolio by expanding market reach and operational excellence.

17. Partnership between PELMO and AIMS (Mexico) to leverage strengths to support clients entering the Mexican market

PELMO International based in Conception Bay South, Newfoundland and Labrador, and specializes in corporate training, leadership development, and communication diagnostics signed a partnership agreement with the Mexico chapter of global leadership advisory firm AIMS International. The collaboration provides a coordinated intake and delivery model where each firm leverages its expertise while aligning efforts to support faster, more stable market entry and growth for Canadian companies expanding into Mexico. Partnership activities will include joint introductory calls with clients to determine needs and value added of PELMO and AIMS, and delivering executive roundtables to help clients achieve increased export readiness. 

18. Partnership between SimplyAsk.ai and Axtel

SimplyAsk.ai, a Canadian software company headquartered in Vancouver, British Columbia, reached an agreement with Axtel, a prominent Mexican ICT company, to implement SimplyAsk’s Symphona software for their internal use to automate repetitive manual tasks, as well as offering Symphona to their enterprise customers.

19. MOU between SPARC Global and Solfium to integrate solar technology

Vancouver-based company SPARC Global signed a Memorandum of Understanding with Solfium on identifying joint opportunities in Mexico that combine SPARC Global’s geospatial and digital delivery capabilities with Solfium’s on-the-ground solar deployment experience in Mexico. The parties will strive to bring Solfium's technology into some of SPARC's existing solar projects.

20. Partnership between Tradeable Bits and the Monterrey Host Committee for the FIFA World Cup to deliver fan engagement solutions

Vancouver‑based marketing‑technology company Tradable Bits has signed an agreement with the Monterrey FIFA Local Host Organization to deliver fan engagement solutions at the official Fan Zone located in Fundidora Park. Monterrey’s Fan Festival aims to break attendance records, targeting over 2 million visitors throughout the tournament period.

21. Making trade easier – Export opportunities for Canadian apples to Mexico

In an effort to expand and diversify international markets for Canada’s apple sector, Mexico has updated its import requirements for eligible apples from Eastern Canada. The update enables the Canadian Food Inspection Agency to inspect and register cold‑treatment facilities domestically, eliminating the need for in‑person inspections by Mexican officials, reducing costs for Canadian exporters, and facilitating exports to Mexico.