Canada, China Sign Pact to Deepen Financial Ties Amid Trade Tensions
Canadian Finance Minister Chrystia Freeland has concluded a trade mission to Beijing, resulting in a signed pledge to deepen financial-sector cooperation between the two nations. The delegation included representatives from Canada's most powerful financial institutions, signaling a concerted effort to promote trade in one of the world's largest markets. Minister Freeland, alongside her Chinese counterpart, highlighted the necessity of financial services for expanding trade, specifically noting advancements for Canadian banks in China and increased access to bond markets. However, the mission did not resolve all outstanding issues, as significant trade barriers like Chinese tariffs on Canadian pork remain in place. The visit occurred amid a complex diplomatic landscape. The minister raised the importance of labor standards during meetings, a point underscored by Bank of Canada Governor Mark Carney's separate defense of Canada's rigorous approach to forced labour. This balancing act reflects the challenge of pursuing economic diversification with China while managing security concerns and upholding Canadian values, a tension noted in commentary surrounding the mission.
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Champagne leaves China with pork tariffs still in place, but touts relationship-building | CBC News
This includes Canadian banks getting ... in China and increased access to bond markets, he said. "If you want to expand your trade, you need financial services. You need to be able to provide that kind of services to the exporters that want to do more in the Chinese market," Champagne said. The minister added he expects Lifeng to visit Canada in the near ...
Boosting financial trade with China key to diversification, Champagne says - National | Globalnews.ca
So one minute China is Canada’s biggest security threat, the next, we can’t survive without doing business with them. ... If you get Global News from Instagram or Facebook - that will be changing. Find out how you can still connect with us.
Carney defends Canada's approach to forced labour amid fallout from floor-crossing MP's comments | CBC News
Carney's response to Michael Ma's ... with Beijing and the ongoing trade war with the Trump administration — which is investigating whether its northern neighbour and dozens of other countries are failing to take action on forced labour. "Canada has the most rigorous set of engagements on the issue," Carney said Monday during a news conference ...
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