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.
Leaders of Asia-Pacific economies agreed Tuesday to begin work toward possible adoption of a Chinese-backed free-trade pact, giving Beijing a victory in its push for a bigger role in managing global commerce.
Small business optimism has surged upwards in October. CFIB’s latest Business Barometer® Index is up more than two points from September levels; and, at 67.8, it is the highest reading in more than three years. Fueling the optimism appears to be an easing of concerns about energy costs.
Prime Minister Stephen Harper sat down with Barack Obama and other world leaders today for a meeting about the proposed Asia-Pacific free-trade deal known as the TransPacific Partnership.
Access to Canada's tightly controlled agriculture market is among the main remaining hurdles to a historic 12-country free-trade deal, the U.S. administration said Thursday.
The U.S. trade minister was asked at a public event what sticking points were keeping American negotiators busiest in the final stages of talks toward a Trans Pacific Partnership pact.
