Business & Finance

What the diplomatic clash between Canada and Saudi Arabia means to Canadian Expats

Late last week, in retaliation for comments made through Twitter on August 3rd by Global Affairs Canada urging the Kingdom of Saudi Arabia to release women’s rights activists, Saudi Arabia expelled Canada’s Ambassador Dennis Horak and pulled their own ambassador from Canada.  Saudi Arabia has more recently said that it will be pulling Saudi students from Canadian University and Colleges.

 

 

 

 

The question however remains- What does this mean for Canadian Expats living in Saudi Arabia?

Read more: What the diplomatic clash between Canada and Saudi Arabia means to Canadian Expats

Canada defiant after Saudi Arabia freezes new trade over human rights call

2018 08 06 SmallBy Aziz El Yaakoubi and David Ljunggren

RIYADH/OTTAWA (Reuters) - Canada on Monday refused to back down in its defense of human rights after Saudi Arabia froze new trade and investment and expelled the Canadian ambassador in retaliation for Ottawa's call to free arrested Saudi civil society activists.

In her first public response to Saudi Arabia's actions, Foreign Minister Chrystia Freeland said, "Canada will always stand up for human rights in Canada and around the world, and women's rights are human rights."

Riyadh on Sunday recalled its ambassador from Canada and gave the Canadian ambassador 24 hours to leave. The Saudi government also banned new trade with Canada, although it was unclear if it would affect existing annual Saudi-Canadian trade of nearly $4 billion and a $13 billion defense contract.

Read more: Canada defiant after Saudi Arabia freezes new trade over human rights call

Saudi Arabia freezes new trade with Canada for urging activists' release


Riyadh SmallBy nayera abdallah and David Ljunggren

CAIRO/OTTAWA (Reuters) - Saudi Arabia will suspend new trade and investment with Canada after that country's foreign ministry urged Riyadh to release arrested civil rights activists, it said in a statement released to the official Saudi Press Agency on Sunday.

It also gave the Canadian ambassador 24 hours to leave the country and recalled its own ambassador to Canada, the statement by the Saudi foreign ministry said, adding it retained "its rights to take further action."

The Saudi ministry had been briefed that the Canadian foreign ministry and the Canadian embassy urged the Saudi authorities to "immediately release" civil rights activists, the statement said.

Read more: Saudi Arabia freezes new trade with Canada for urging activists' release

Aimia proposes revised offer of C$450 million for Aeroplan loyalty business

2018 07 25T133918Z 1 LYNXMPEE6O1C4 OCABS RTROPTP 3 CBUSINESS US AEROPLAN M A AIR CANADAMONTREAL (Reuters) - Aimia on Thursday said it rebuffed an offer by Air Canada and partners to buy its Aeroplan loyalty program and urged the carrier to make a higher offer for the business. The consortium's cash offer of C$250 million, later updated to C$325 million, did not reflect the value of the Aeroplan business, Aimia Inc said in a statement.

In a separate statement, Air Canada, the country's largest carrier, said Aimia rejected its original bid.

Aimia said it proposed a revised offer of $450 million for the program to Air Canada <AC.TO> and its partners, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce <CM.TO> and VISA Canada Corp.

Read more: Aimia proposes revised offer of C$450 million for Aeroplan loyalty business

CanadaEconomyCanada exports hit record, U.S. tariffs hurt steel and aluminum

By David Ljunggren

OTTAWA (Reuters) - Canadian exports hit a record high in June, cutting the country's trade deficit to its lowest in 17 months, although U.S. metals tariffs slashed shipments of steel, Statistics Canada said on Friday.

The June deficit of C$626 million ($482 million) - the lowest since the C$485 shortfall recorded in January 2017 - was far smaller than the C$2.30 billion predicted by analysts in a Reuters poll.

Read more: Canada exports hit record, U.S. tariffs hurt steel and aluminum

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