Canada-China Economic and Financial Strategic Dialogue Held in Vancouver: 2025 Bilateral Trade Reached C$125.7 Billion
The Department of Finance Canada said in Vancouver on November 9 that Finance Minister François-Philippe Champagne and International Trade Minister Maninder Sidhu concluded the Canada-China Economic and Financial Strategic Dialogue (EFSD) with Chinese Vice Premier He Lifeng, alongside a business roundtable with Canadian and Chinese business leaders. The two finance ministries signed a memorandum of understanding on ministry-to-ministry cooperation, and Canada's OSFI signed an agreement with China's National Financial Regulatory Administration establishing a Financial Regulatory and Supervisory Dialogue (FRSD), which held its first meeting.
Two-way merchandise trade reached C$125.7 billion in 2025, up 5.7 percent, with Canadian exports to China of C$35.0 billion, up 16.8 percent, and imports of C$90.6 billion, up 1.9 percent. Canadian merchandise exports to China are up 41 percent so far in 2026, and Canada targets a further 50 percent increase by 2030. Services trade was C$13.8 billion in 2025; the stock of Chinese direct investment in Canada was C$43.4 billion, against C$15.0 billion of Canadian investment in China. China is the second-largest customer for Canadian agriculture, forestry and seafood products, at about C$10.2 billion in 2025, and more than 1.7 million Canadian residents are of Chinese heritage.
The dialogue follows Prime Minister Mark Carney's January 2026 visit to China, the first by a Canadian prime minister since 2017, at which the strategic partnership was renewed. (Source: Department of Finance Canada)
Source: Department of Finance Canada
Published by GSM · USA (original Chinese edition)
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