Canada, China sign currency deal aimed at boosting trade

November 10, 2014

Canada and China have signed a reciprocal currency deal that's expected to dramatically boost exports.

The hub will foster far easier trade between the Canadian dollar and the Chinese yuan, also known as the renminbi. It makes Canada the first country in the Americas to have a deal to trade in the renminbi.

This has been excerpted from the 8 November 2014 edition of CBC News and is available in its entirety at:
http://www.cbc.ca/news/politics/canada-china-sign-currency-deal-aimed-at-boosting-trade-1.2828707

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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