Overview
- Finance Minister François‑Philippe Champagne and Trade Minister Maninder Sidhu met Vice‑Premier He Lifeng in Vancouver on Monday, where officials signed a finance‑ministry memorandum of understanding and an OSFI‑NFRA cooperation agreement to create a Financial Regulatory and Supervisory Dialogue.
- China announced it will sell up to 4 billion yuan of sovereign green bonds in Canada, a move Ottawa hailed as a sign of warming ties and that Canadian reporting said was heavily oversubscribed.
- Beijing extended tariff relief for Canadian lobster, crab, peas and canola meal for two years, and Ottawa extended remission measures on some Chinese steel and aluminum products through the end of 2028.
- Prime Minister Mark Carney plans to press President Xi on foreign interference at the APEC summit, and Ottawa says it will keep clear guardrails that exclude Chinese participation in sensitive areas such as defence, critical minerals and artificial intelligence.
- The talks build on a cautious reset since 2018 and matter to Canadians because they aim to grow exports to China—Canada reported $125.7 billion in two‑way merchandise trade in 2025 and has a goal to raise exports to China by 50 percent by 2030—giving exporters and investors more short‑term certainty while raising diplomatic pressure to manage U.S. and security concerns.