Toronto becomes first RMB hub in Americas

Canada is the eighth country to do a currency trading deal with China

toronto-silhouette-1-web
Toronto, Canada

Canadian financial centre Toronto has become the eighth Chinese renminbi-trading hub outside China and the first in the Americas, following a deal between the two countries, which will be finalised on March 23.

Hong Kong, Singapore, Taiwan, Sydney, Frankfurt, Luxembourg and London are the other financial capitals that boast a trading hub, which enables businesses operating in those countries to convert directly to the renminbi, rather than having to trade indirectly through another currency such

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: