CHINA BRINGS YUAN BONDS TO AMERICA’S BACKYARD: CANADA

China continues its push to dedollarize…

This time in America’s own backyard… Canada.

For the first time in history, China is issuing yuan-denominated sovereign bonds in Canada, worth ~$600 million.

And Canada doesn’t care what the US thinks about it.

Both countries have also renewed a 200 billion yuan currency swap agreement to facilitate bilateral trade.

As trade expands, demand for yuan rises, while Canadian investors gain another way to invest directly in Chinese government debt.

In other words, China is building the financial infrastructure to internationalize the yuan…

While increasingly competing with the US for global capital at a time when foreigners have massively reduced their purchases of USTs.

We don’t own enough gold for what’s coming.

Is China simply internationalizing the yuan, or is it also attempting to distribute some of its domestic debt burden to international investors? 🤔

— Jay Roberge 🚀 (@jmroberge) November 9, 2026