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Doing More Business with China: Why Canada Needs a Renminbi Hub

20-10-2014

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Today, we issued a report entitled Doing More Business with China: Why Canada Needs a Renminbi Hub.

Over the past decade, China has become Canada’s second largest and fastest growing trading partner, with exports quadrupling from $5 billion to $20 billion and imports nearly tripling from $18.6 billion to $52 billion. In fact, in 2013, China surpassed the United States to become the world’s biggest trading nation, with imports and exports totaling $4 trillion. China’s currency, the renminbi, is also ...

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Posted on 23-10-2014

Taking our relationship with China to the next level by establishing a renminbi trading hub in Canada

Ottawa, October 20, 2014 – Over the past decade, China has become Canada’s second largest and fastest growing commercial partner. With exports reaching $20 billion in 2013 and imports having tripled to $52 billion, the potential for future growth is enormous. In a report issued today, the Canadian Chamber of Commerce argues that establishing a renminbi (RMB) hub in Canada is a crucial step in taking our relationship with China to the next level.

Posted on 17-10-2014

Featured Publications

Doing More Business with China: Why Canada Needs a Renminbi Hub (2014)

In this report, we argue that establishing a renminbi hub in Canada is crucial to strengthening our commercial and diplomatic relations with China and we examine the benefits a renminbi trading hub would have on the Canadian economy.

A Battle We Can’t Afford to Lose: Getting Young Canadians from Education to Employment (2014)

In this report, we argue that closing the skills gap cannot be done without better aligning our education and training systems to our labour market needs. We investigate the state of three key factors affecting young Canadians’ successful transition from education to employment.

View All Publications