Canadian companies five times less likely than global peers to trade in Renminbi

VANCOUVER, March 24, 2015 /CNW/ - Canadian companies are the second least likely to use Renminbi (RMB) for trade settlement with Mainland China, according to an annual global survey commissioned by HSBC. In fact, only 3% (5% in 2014) of the Canadian businesses surveyed said they had conducted cross border transactions in the Chinese currency, compared to 17% of global companies and to 10% (17 ...



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