British Columbia, Ontario to Cooperate on Yuan Center
This article is for subscribers only.
Business leaders in British Columbia and Ontario agreed to work together to create a currency trading hub for the Chinese yuan.
AdvantageBC International Business Centre-Vancouver and the Toronto Financial Services Alliance will work with the governments of Canada and the provinces to make the country the first trading hub for the Chinese currency in North America, Janet Ecker, chief executive officer of the Toronto alliance, said by phone. With the agreement, the two provincial groups won’t compete to bring a trading hub to their largest cities.