Co-head of Global Fixed Income, Currency, and Commodities C.J. Gavsie (L) puts in an order after the first ever Canadian Dollar to Renminbi (RMB) trade through the new North American RMB hub at the Bank of Montreal (BMO) trading floor in Toronto, on Tuesday. Canada’s export agency signed a deal with China’s biggest bank Monday to promote the use of the yuan as a settlement currency in trade-related transactions, as officials in Toronto launched the first yuan trading hub in the Americas.SD-Agencies
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