Tata to get up to $500m a year in Canadian financing

Canada will provide up to $500 million a year in trade financing to help Tata Sons Ltd invest in Canada and also to aid Canadian firms doing business with the company abroad, Ottawa said on Wednesday.

The trade financing agency Export Development Canada (EDC) said Tata companies had invested more than C$1.3 billion ($990 million) in Canadian operations over the last five years. Tata employs around 3,000 people in Canada.