Manila, July 4 -- The Philippines and Canada on Friday (Canada time) signed a business deal aimed at attracting investments and driving economic development.

President Ferdinand R. Marcos Jr. witnessed the signing of a memorandum of understanding between the Philippine Chamber of Commerce and Industry and the Business Council of Canada at Fairmont Pacific Rim Hotel here.

The agreement was signed as the two countries elevated their bilateral relations to a strategic partnership.

"I was pleased to witness the signing of the Memorandum of Understanding (MOU) between the Philippine Chamber of Commerce and Industry and the Business Council of Canada," Marcos said in a Facebook post.

"As our Strategic Partnership grows, so too will the rel...