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Canada, China Ink Commercial Deals Worth Up to $2.5B

Posted November 08, 2014

Under Economic Issues, International Trade Issues

(Canadian Press)

Stephen Harper and Chinese officials signed a flurry of trade and currency deals on Saturday worth as much as $2.5 billion while tensions seemingly lingered between the two countries about the detention of a Canadian couple accused of espionage. [...]

In keeping with the economic theme of his latest visit, Canada and China signed dozens of commercial deals – including pacts on blueberries, anti-air pollution technology and potash — valued at more than $2 billion on Saturday.

Among the biggest agreements signed includes a deal for Bombardier to sell more than $1 billion in aircraft to China Express Airlines. An Air Canada-Air China joint venture is also valued at more than half a billion dollars. Read more here.