Canada and China sign a trade cooperation MOU

• Both sides committed to resolving outstanding agricultural trade issues by maintaining open channels of communication. 

The signing of a trade cooperation MOU between Canada and China signals a potential thaw in relations, particularly regarding agricultural trade. This cooperation may ease tensions and improve trade flows, which could positively affect the CAD against the USD and potentially affect sentiment around broader trade dynamics in the region. Traders should watch for reactions in commodity-related currencies and gauge any impact on cross-border trade implications.