Russia Will Keep Purchasing Canada Dollars: Ambassador
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Russia plans to keep buying Canadian dollars as part of its foreign-exchange reserves, the country’s ambassador to Canada said.
“It took them some time to convince central bankers in Moscow that Canada can be a safe haven,” Georgiy Mamedov, Russia’s ambassador to Canada, told reporters after a Speakers Forum event in Toronto. “I don’t see any information that would cause me to suggest something other than buying more Canadian dollars.”