BEIJING: Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa’s finance department said on Wednesday, in a coup for Beijing after Washington had tried to dissuade US allies from signing up.

“Canada is always looking for ways to create hope and opportunity for our middle class, as well as for people around the world,” Finance Minister Bill Morneau said in a statement issued in Beijing.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details