Canadian banks are assessing how they will benefit from China’s decision at the weekend to appoint Canada as a trading hub for the Yuan.
Canadian banks are assessing how they will benefit from China’s decision at the weekend to appoint Canada as a trading hub for the Yuan. With the currency now second only to the US dollar for international trade finance there is widespread competition to be appointed a trading hub. The currency is traded day and night using a network of trading hubs across time zones; Canada will be the first in the Americas. Read the full story.
