Canada fuses with China financially.

😳Ummm What? Why?😳 Anyone seem this today? It was sent to our FB page!

— The Liberal Government of Canada has taken another major step toward financial integration with the nation of China.

-“The central banks of China and Canada have renewed a bilateral currency swap agreement, the People’s Bank of China (PBOC) has announced.

-“The swap line has a size of 200 billion yuan (about 30.96 billion U.S. dollars), or 39.39 billion Canadian dollars. It will be valid for a five-year period and can be extended on mutual consent.”

-What to conclude? Obviously, 98% of Canadians will be concluding nothing at all. How could they, when they know nothing about this transaction.🤷🏼‍♀️🤔

<<https://capforcanada.com/canada-moves-forward-on-39-billion-currency-swap-with-bank-of-china/>>

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