Canada abandons us dollar in chinese trade agreement

[old steel]

Stephen Harper just inked $2 Billion dollar trade agreement with China allowing direct conversion between Canadian and Chinese currencies.

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.

http://www.cbc.ca/news/politics/canada-china-sign-currency-deal-aimed-at-boosting-trade-1.2828707

http://www.msn.com/en-ca/money/topstories/canada-becomes-first-country-in-americas-to-obtain-chinese-currency-hub-designation/ar-AA77z9P (http://www.cbc.ca/news/politics/canada-china-sign-currency-deal-aimed-at-boosting-trade-1.2828707)

[SWRichmond]

Well there is friendship, and then there is survival.

[crimethink]

Well there is friendship, and then there is survival.

Vancouver is already Chinese in all but flag.

[Ponce]

Do this means that my Canadians dollars are now more valuable?.........I knew I was doing the right thing.

V