A post by @FirstSquawk on X.

Canadian Finance Minister François-Philippe Champagne said he discussed banking licenses with a Chinese delegation, signaling a possible opening for Chinese financial institutions to expand their presence in Canada. The talks put licensing—rather than trade or tariffs—at the center of the bilateral financial relationship. Details on which banks or license categories were covered were not disclosed. The discussions matter because greater Chinese participation could broaden competition and capital flows in Canada's banking sector. Watch for formal license applications or follow-up announcements from Ottawa and Chinese regulators.