Published time: 8 Aug, 2018 13:08 Edited time: 8 Aug, 2018 13:15
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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