Saudi Arabia to dump Canadian assets 'no matter the cost' as diplomatic rift spirals – report

Saudi Arabia to dump Canadian assets 'no matter the cost' as diplomatic rift spirals – report
Saudi Arabia to dump Canadian assets 'no matter the cost' as diplomatic rift spirals – report
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Published time: 8 Aug, 2018 13:08 Edited time: 8 Aug, 2018 13:15

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Saudi Arabia to dump Canadian assets 'no matter the cost' as diplomatic rift spirals – report

Saudi Arabia is selling off Canadian securities in response to Ottawa’s criticism of the arrest of a female activist, the Financial Times reports. Riyadh says it's ready to take the step despite possible financial losses.

According to the newspaper, Saudi Arabia’s overseas asset managers were told to dump Canadian equities, bonds and cash holdings “no matter the cost.” Saudi Arabia is not a major investor in Canada, according to the FT source, but the Kingdom wants to send a strong signal to authorities in Ottawa.

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