Saturday, November 8, 2014

Canada, China sign currency deal aimed at boosting trade

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.

http://www.cbc.ca/m/news/politics/canada-china-sign-currency-deal-aimed-at-boosting-trade-1.2828707




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