Published • loading... • Updated
Canada and China sign deal to deepen financial sector ties
The deal expands financial-sector cooperation, boosts market access for services and sets up closer regulatory talks, officials said.
- On Monday, Canada and China concluded a two-day strategic economic dialogue in Vancouver, where Finance Minister François-Philippe Champagne, International Trade Minister Maninder Sidhu, and Chinese Vice-Premier He Lifeng agreed to "enhance financial sector co-operation."
- Bilateral exchanges have returned to a "sound track," He Lifeng stated, as the dialogue aims to stabilize economic relations after a period of strain under strategic guidance from both countries' leaders.
- Three agreements finalized during the dialogue establish closer cooperation between finance ministries, regulators, and central banks, aiming to foster "a transparent and predictable environment" for trade and investment, Finance Canada reported.
- Prime Minister Mark Carney is scheduled to visit China next week for the Asia-Pacific Economic Cooperation forum, with the financial agreement serving as a preparatory step ahead of the broader summit.
- Ottawa continues pursuing economic diversification, having signed more than 20 security, economic, and defense agreements over the past year to reduce dependence on the United States.
Insights by Ground AI
47 Articles
47 Articles
This includes granting better market access for financial services.
·Montreal, Canada
Read Full Article
Coverage Details
Total News Sources47
Leaning Left29Leaning Right0Center13Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 31%
Factuality
To view factuality data please Upgrade to Premium
