top of page

June Newsletter

Dear DCCC members and friends,


Best wishes for the 2024 Constitution Day, however and wherever you may be celebrating!


To mark the occasion, we have put together a video from last year’s celebrations at the Danish Church in Toronto.


We would love it if you would send us pictures of Dannebrog flying high wherever you may be!


Please find DCCC’s latest newsletter below on matters related to Denmark, Canada, and the EU, including a curated list of news, special announcements and events.

What’s included in this newsletter:


Denmark-Canada Industry News and Updates

  • Ontario Trade Mission to Denmark

  • Government of Ontario: Innovation Road Trip - June 17, 2024

  • 🇨🇦 “Solid GDP Growth Undershoots Bank’s High Expectations” Canadian Chamber of Commerce

  • Invest in Denmark Annual Report 📈


Denmark Industry news

  • The 3rd issue of the Arctic Business Alliance (ABA) newsletter is now available!

  • 🌱New Danish government strategies support the green transition in the Agricultural and Food Industries


Member and Forum Updates

  • Welcome new DCCC SMB Member Pilgrim!

  • Greenland Resources Open House event.

Denmark-Canada-EU Trade and EUCCAN

Trade Policy, SMEs & Regulatory Updates


Danish community in Canada

Federation of Danish Associations in Canada​


Upcoming Events

  • DABGO - Stambord at Rivoli Toronto, June 05

  • European Chambers Meetup June 2024 Edition, Jun 13

Nordic Consular Cup Golf Tournament, Sep 04 ~ Registration is now open! 



🇩🇰 Happy Danish Constitution Day! 🇩🇰


Denmark-Canada Industry News and Updates


Ontario Trade Mission to Denmark

The Hon. Victor Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, headed a trade mission from May 1-3 in Denmark to promote trade & partnership opportunities in the life sciences sector.


Did you know?

  • In 2023, trade between Ontario & Denmark was $1.9B.

  • Ontario is home to the largest life sciences sector in Canada, with over 72,000 workers and 2,000 firms.

  • As part of Ontario’s life sciences strategy “Taking Life Sciences to the Next Level,” Ontario plans to grow the sector to 85k jobs by 2030.

  • In 2023, Ontario attracted $11B in foreign direct investment, creating 12,000 new jobs!


Minister Fedeli started off his day in Copenhagen by meeting with the Hon. Carolyn Bennett, Ambassador of Canada to the Kingdom of Denmark, he then participated in a business roundtable with Danish companies to discuss how they support Ontario start-ups as they bring their innovative life sciences products to market.


Minister Fedeli and his team held meetings with Healthcare Denmark to learn Danish healthcare expertise and innovation, the Danish Life Science Cluster as well as a productive dialogue with the Danish Ministry of Business, Industry & Financial Affairs to discuss innovation & growth in the Life Sciences Sector. In addition, the Minister visited HQ of Novo Nordisk, Coloplast, DESMI Pumps, Netlight and LEO Pharma.


We look forward to seeing the developments of this trip in strengthening an economic partnership between Ontario and Denmark!


Government of Ontario: Innovation Road Trip

The Government of Ontario, together with municipal partners, is excited to invite the international delegates travelling to Toronto for Collision 2024 to participate in a complimentary Innovation Road Trip! The road trip(s) will take place on Monday, June 17, 2024.


This document provides general descriptions and agendas for six road trip programs to the municipalities of Brampton, Markham, Mississauga and Toronto, and the regions of Durham and Halton. Each tour will highlight the innovation ecosystem that exists in each of these municipalities and regions within Ontario.



🇨🇦 “Solid GDP Growth Undershoots Bank’s High Expectations” Canadian Chamber of Commerce

Canada’s GDP grew by 1.7% annualized in Q1 2024, falling short of the Bank of Canada’s 2.2% forecast. Despite strong consumer spending and renewed investment growth, the economy’s performance was weaker than anticipated, with Q4 2023 GDP also revised downward.

 

In a new commentary, Canadian Chamber of Commerce’s Senior Economist, Andrew DiCapua, expects that April’s projected 0.3% GDP growth may prompt the Bank to hold off on policy changes, though moderating inflation and tepid growth demand could lead to a rate cut in June. Read more…


Invest in Denmark Annual Report 📈

As Denmark's leading national investment promotion agency, Invest in Denmark, part of the Ministry of Foreign Affairs of Denmark, is committed to fostering high-quality projects that prioritise knowledge, technology, and cross-border collaborations. These strategic investments play a crucial role in reinforcing Denmark’s strong sectors and clusters, fuelling substantial economic growth through economic diplomacy.


👉 Don't miss out on this opportunity to gain valuable insights into Denmark’s achievements, strategies, and its transformative impact. Dive into the report here.


Denmark Industry news


The 3rd issue of the Arctic Business Alliance (ABA) newsletter is now available! 

The Arctic Business Alliance (ABA) is a network alliance consisting of 13 companies from Greenland, Faroe Islands, and Denmark. You may subscribe to ABA's newsletter in this link and get the latest arctic news.


🌱New Danish government strategies support the green transition in the Agricultural and Food Industries

Denmark's commitment to sustainability just got stronger with the latest government strategies and funding initiatives paving the way for a greener future within the Agricultural and Food industries.

📰 Read the latest article to gain insights into the strategies & funding initiatives and why they are crucial for both the industry and the green transition.


Member and Forum Updates


Welcome DCCC SMB Member PILGRIM!

Pilgrim’s story begins in Århus, summer 1983, then-student, Annemette Markvad, translated her great love for minimalism, art, music, and people into a collection of handmade jewellery. She sold her collection at local music festivals throughout Scandinavia and Germany. Festival after festival, women all over Northern Europe were flocking to her designs, and the brand quickly grew in popularity.


Today, Pilgrim is at the forefront of the international jewellery scene. A well-known and respected brand recognized worldwide for its signature scandinavian universe of jewellery and sunglasses - all made by hand, heart, and mind - and primarily from recycled materials. True to where we come from, Pilgrim designs reflect a well-travelled world of jewellery crossing borders and cultures, while remaining true to its Danish heritage.

Pilgrim has 7 boutiques and piercing stations in Quebec and Ontario (Toronto), Pilgirm's in-house certified piercers offer gentle and quick-healing needle piercings. You can get pierced and receive a stylish stainless-steel earring set in all of our stores. Secure your appointment today!



Thank you for braving traffic and a busy downtown (gameday) and for showing up at our Greenland Resources Open House event. Dr. Ruben Shiffman, Executive Chairman, President of Greenland Resources Inc. was our host and we thank you for your wonderful hospitality - we will continue showcasing your success with the Greenland molybdenum mining project and journey in the EU Green Deal!

And special thanks to John Christensen, Anders Events, for preparing delicious Danish open sandwiches.


Denmark-Canada-EU Trade and EUCCAN


The DCCC joined European Union Chamber of Commerce in Canada (EUCCAN) ’s most interesting discussion on the lessons from Europe and Canada in regards to supporting women in international trade, organized by the EU Delegation to Canada and the Embassy of Belgium in Canada.


EUCCAN’s VP Cathy Murphy moderated brilliant panelists as they talked on their experiences on inclusive trade, programs available for women, and trade promotion policies with a gender lens, this was a great opportunity to find out how much progress we're actually making in these areas.


We heard about the benefits of women led trade missions, the “necessary evil” quotas (things will only change when they are policy driven), how women owned businesses bring better and faster return on investment - even thou investors are harder on women such as asking harder questions and having strickter requirements.


Trade Policy Updates

As of 1 April 2024, certain clauses for EU Cumulation and origin quotas in the UK-Canada Trade Continuity Agreement (TCA) have expired. In the UKCTA , the UK and Canada agreed time-limited clauses for ‘EU cumulation’ and origin quotas.


What does this mean for businesses? UK exporters cannot consider EU inputs as originating when exporting to Canada. Traders must ensure that products still meet the Rules of Origin set out in Annex 5 of the TCA after this change if they want to benefit from preferential access. Also, the alternative rules set out in Annex 5-A (Origin Quotas and Alternatives to the Product Specific Rules of Origin in Annex 5) no longer apply, and producers must meet the Rules of Origin set out in Annex 5 of the TCA. Read more.


SMEs & Regulatory Updates

New law on reporting forced-labour sows confusion over who the legislation covers.

The introduction of Bill S-211, aimed at enhancing supply chain transparency, has generated a fair amount of questions for Canadian businesses. Many ask what needs to be reported, when etc. This is impacting SMEs in particular.


Danish community in Canada


Federation of Danish Associations in Canada​

The Danish Federation is made up of over 40 member organizations across Canada. The organizations include churches, senior homes, Guards' Associations, business associations, chambers of commerce, fraternities, historical societies, museums and social clubs. More info here.


Upcoming Events


Wed, Jun 05 - Danish Constitution Day! 🇩🇰

DABGO - Stambord at Rivoli Toronto

DABGO is Denmark's largest international business network with over 11,000 members across 6 continents. DABGO meet every 1st Wednesday of the month in 50 cities worldwide at Stambord, more info about Stambord Toronto here.


Thu, Jun 13

European Chambers Meetup June 2024 Edition

We invite you to join the summer edition of the European Networking events hosted by Canada Finland Chamber of Commerce. This past year was a tremendous success, with each of the six events attracting over 100 attendees, and on several occasions, tickets were completely sold out! Don’t miss your chance – secure your tickets today!


Wed, Sep 04

Nordic Consular Cup Golf Tournament

Registration is now open for the new and improved 14th of the Nordic Consular Cup Golf Tournament.

Featuring new games, prizes and hole in one contests!  Click here to get your tickets now.



Just some of the benefits our members are enjoying:


• Increased business branding visibility

• Business referrals & introductions

• Networking opportunities

• Information sharing, build your knowledge through engagement events (expert presentations & panels).


DCCC Membership is open to anyone interested to expand their network, develop trade opportunities and business relations between Canada, Denmark and EU.


4 views0 comments

Recent Posts

See All

Comments


bottom of page