The Canadian life and health insurance industry has holds more than $728 billion in assets for their international operations in more than 20 countries throughout the world
The hub will convert Canadian dollars to U.S. dollars before converting them to renminbi
Steep drop in energy prices suggests it could be sometime before another surplus
Deal expected to boost exports
The downturn has inflicted long-lasting, negative effects on the labour market
Imports hit record high as exports decline
Canada reports $638M trade deficit compared with March surplus
Firms optimistic about an improvement in global conditions
Exports continue as weak link to Canadian economy
Bank of Canada expects growing foreign demand, especially in the U.S., to help bolster exporters