Highlights/Thoughts
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1. HSBC Bank Canada
completed the first Canadian trade using the yuan exclusively
2. Chinese currency continues to gain traction as an international reserve alongside the U.S. dollar
3. Bank made payment in the yuan. Previously, the payment would have been made in the USD
4. This will open up many opportunities for businesses in China
5. Some discussions of adding the yuan as a second reserve currency given the dollar weakness and the rise of the yuan
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