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Delegations led by Finance Minister François-Philippe Champagne and China’s vice-premier, He Lifeng, concluded the second meeting of the Economic and Financial Strategic Dialogue in Vancouver with a handful of vague promises, including one to work on “market access” in financial services. (The Logic)
Talking point: The absence of tangible results is offset by the seriousness with which each side appears to be taking these conversations. He is one of President Xi Jinping’s most trusted lieutenants, while Champagne and International Trade Minister Maninder Sidhu were backed by Bank of Canada governor Tiff Macklem and Peter Routledge, the top banking regulator. The gathering ended with co-operation agreements between finance ministries and regulators. If that doesn’t sound like much, think back a couple of years ago to when these two governments were barely talking to each other.
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