08:52:35 EST Wed 05 Feb 2025
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Restaurant Brands International Inc
Symbol QSR
Shares Issued 316,802,835
Close 2024-07-24 C$ 96.62
Market Cap C$ 30,609,489,918
Recent Sedar Documents

Globe says Lululemon sees Joly head to China for talks

2024-07-25 08:26 ET - In the News

See In the News (C-LULU) Lululemon CDR (CAD Hedged)

The Globe and Mail reports in its Thursday edition that after years of tense diplomacy, Foreign Affairs Minister Mélanie Joly's visit to Beijing last week promises to stabilize the Canada-China relationship. Guest columnist Jacob Cook writes that is good news for Canadian business. Before Ms. Joly, the last visit from a Canadian foreign minister to China came in 2017, when Chrystia Freeland ventured to Beijing to pursue a free-trade agreement. Those talks quickly fell apart. Soon after, the diplomatic relationship hit a nadir. China detained the two Michaels at the end of 2018 after Canada arrested the Chinese tech royalty Meng Wanzhou on a U.S. extradition request. The resolution of that crisis in the fall of 2021 did not result in a broader thawing of the relationship. Starting in 2022, tensions ratcheted up again when media reported alleged Chinese election interference in Canada. Beijing expelled a Canadian diplomat after Ottawa expelled one of China's. Despite these issues, it is in Canada's interest to seek a renewed relationship with China. Chinese demand for Canadian exports, encompassing industrial buyers and consumers, is robust. These include lifestyle products from Lululemon to Tim Hortons.

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