Global Analysis from the European Perspective. Preparing for the world of tomorrow

Canadian dollar gets whacked after Saudi Arabia reportedly starts dumping the country’s assets ‘no matter the cost’

  • The Canadian dollar slid Wednesday after the Financial Times reported that Saudi Arabia had begun selling off its holdings of the country’s bonds, stocks, and cash. \
  • The divestment came after Canada’s foreign ministry condemned the kingdom’s arrest of a prominent women’s rights activist.
  • Saudi Arabia’s national airline suspended flights to and from Toronto on Tuesday.

Source Businessinsider

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