by Brad
January 15, 2021
BEIJING, Jan. 13 (Xinhua) — “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.”
Published on January 14th, 2021, the Chinese media source article states that “the currency swap extension between the two central banks will help promote bilateral financial cooperation, expand the use of local currencies and facilitate trade and investment.”
Several thoughts bubble up upon comprehension of this information:
— The Liberal Government of Canada has taken another major step toward financial integration with the nation of China.
— CBC, Globe & Mail and the rest of establishment media in Canada have thus far refrained from exposing this massive financial transaction.
— Not a single Canadian voted for, approved, or requested this step toward further integration with China.
Read More HERE
Also: From Yahoo Finance HERE
