A festival spokeswoman confirmed his death without specifying the cause of his sudden passing, according to The Hollywood Reporter.
Radio Canada, the country's French-language public broadcaster, reported that Ranvaud's body had been discovered in his Montreal hotel room yesterday.
The final-night awards ceremony Monday will be toned down and a moment of silence is to be observed after news of Ranvaud's death passed through a shocked festival.
"He was a very good friend of all of us and the festival; he was the life of the party. We will acknowledge his contributions at the ceremony," an emotional festival spokeswoman said.
His links to Chinese film in the early 1990s gave way to Latin America, where he shifted his focus after moving to Brazil in 1994.
Ranvaud's Latin America producing credits included "Central do Brasil", "Familia Rodante", "Xango", "Lavoura Arcaica", "Babilonia 2000" and "Madame Sata".
Alongside production, he managed sales at Videofilmes, Bouquet Multimedia and Sogepaq and helped set up Wild Bunch as a distribution outfit.
As a journalist, Ranvaud founded the independent film magazine Framework in 1975, where he remained until 1988.
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