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trade tensions News

China blocks canola shipments from major Canadian supplier

Winnipeg - China has canceled major Canadian agribusiness Richardson International Ltd's registration to ship canola to China, according to a document listing approved exporters posted on the website of the Chinese customs administration on March 1.

Bank of Canada raises benchmark interest rate to 1.5 percent

Ottawa - The Bank of Canada raised its benchmark interest rate Wednesday by 1.5 percent, fully behind an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.

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