At the annual Canada China Business Council gathering in Shanghai on Monday, Canadian powerbrokers like Olivier Desmarais, senior vice-president at Power Corporation and the council’s chair, indicated their desire to move past the dispute between the two countries. “Businesses in both countries want their national governments to work their way past this current situation, and as quickly as possible,” said Desmarais. (Globe and Mail)

Talking point: It’s been almost a year since Canadian authorities arrested Meng Wanzhou, Huawei’s chief financial officer, at a Vancouver airport for extradition to face charges in the U.S. China then arrested Canadians Michael Kovrig and Michael Spavor. The detentions brought the countries into conflict, with Canada’s exports to China falling nine per cent in the first half of 2019, mainly the result of Beijing’s ban on Canadian canola imports, among other agricultural products. BMO estimated Canada’s taken a hit equivalent to 0.4 per cent of GDP, with almost half of that the result of the U.S.-China trade war’s impact on the American economy.