Canada and China deepen financial cooperation at Vancouver strategic dialogue

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Highlights

Canada and China sign memoranda on finance ministry and financial regulatory cooperation at the second Economic and Financial Strategic Dialogue in Vancouver.
Both countries agree to enhance financial sector cooperation, commit to expanding financial services market access, and implement a bilateral currency swap arrangement.
Recent progress in bilateral trade consultations signals ongoing efforts to stabilize and grow commercial ties, with the next dialogue scheduled to take place in China.

Agreements signed at Vancouver talks

As reported by Canada.ca, Chinese Vice Premier He Lifeng, Canada’s Minister of Finance and National Revenue François-Philippe Champagne, and Minister of International Trade Maninder Sidhu co-chair the second Canada, China Economic and Financial Strategic Dialogue in Vancouver. The meeting builds on commitments made by the two countries’ leaders in January 2026 and is presented as part of efforts to strengthen bilateral economic and financial cooperation under the Canada, China strategic partnership.

The two sides exchange views on the global economic outlook, as well as macroeconomic conditions and policy settings in their respective countries. They agree to deepen cooperation through multilateral mechanisms including the G20 and APEC, and within international financial institutions such as multilateral development banks, with the aim of improving global economic governance.

Canada and China also agree to enhance financial sector cooperation, including financial services market access, and to encourage engagement between capital market authorities and financial regulators. Finance ministries, financial regulatory authorities and central banks from both countries sign a memorandum of understanding on cooperation between finance ministries, a cooperation agreement for financial regulatory and supervisory dialogue, and terms of reference for a financial working group.

Trade and market implications

The joint factsheet says both sides reaffirm support for multilateralism and for a transparent and predictable environment for trade and investment. They also welcome implementation of the bilateral currency swap arrangement, a step that can support financial connectivity and liquidity cooperation between the two markets.

The dialogue also notes positive progress in recent bilateral economic and trade consultations, indicating a broader attempt to stabilize and expand commercial ties. Both sides say they look forward to holding the next Economic and Financial Strategic Dialogue in China, extending the process beyond the Vancouver meeting.

Earlier, we reported that a Reuters poll projected China’s Q3 GDP growth at 4.4% year on year amid fresh stimulus measures.

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