Tradelines News

Get the latest news and updates on cross-border customs and international trade.

China Makes Canada First Renminbi Trading Hub in North America

Posted November 08, 2014

Under Economic Issues, International Trade Issues

Coinciding with Prime Minister Stephen Harper’s trade mission to China, the Canadian government today announced the signing of a reciprocal currency deal to make Toronto the first offshore settlement centre – also known as a “currency trading hub” – for the Chinese Renminbi (RMB) in North America. Click here to read more.