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04.05.26 - 11:54
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Canadian Dollar Falls As Crude Oil Prices Slide (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the Asian session on Monday, as the decline in crude oil prices following the commencement of Operation Freedom b......
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04.05.26 - 11:24
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Canadian Dollar Falls Against Majors (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the Asian session on Monday.The Canadian dollar fell to 4-day lows of 1.3608 against U.S. dollar and 0.9810 again......
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04.05.26 - 03:00
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China Tries To Assert Dominance Over Canada After Carney Trade Deal (ZeroHedge)
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China Tries To Assert Dominance Over Canada After Carney Trade Deal
Historically speaking, crawling to communists for help has never been a good idea; there's always a catch. By extension, making trade deals with China and the CCP from a position of weakness usually ends with diplomatic concessions instead of mere economic concessions. That is to say, the Chinese are less interested in economic benefits, and more interested in political submission.
Canadians are about to speed run this lesson after Prime Minister Mark Carney's "new strategic partnership" formed with China early this year. The announcement has been heralded as a pragmatic reset in Canada-China relations after years of tensions, aimed at diversifying Canada's trade amid U.S. tariffs under Trump. The goals of the deal include increased bilateral trade, agricultural agreements, currency swaps and energy exports.
The problem is, Carney also wants Canada to maintain its relationship with Taiwan, which th...
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03.05.26 - 16:42
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Canada to be first non-European nation at EPC summit as Carney seeks allies (The Guardian)
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PM's attendance at European Political Community meeting in Yerevan signals effort to build new ties after US ruptureCanada is to become the first non-European country to attend a meeting of the European Political Community when the prime minister, Mark Carney, joins Monday's summit of the 48-plus nation grouping in Yerevan, Armenia.Carney has said he is determined to build a new network of trade and diplomatic alliances after the loss of US markets under Donald Trump. His presence will also represent a show of western support for Armenia in its efforts to distance itself from Russia at a time when the US's approach to Moscow's opponents, such as Ukraine, is at best ambiguous. Canadian diplomats have rejected suggestions Ottawa might seek EU membership. Continue reading......
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