Saudi Arabia ‘Freezes Out’ Canada on Trade, Recalls Ambassador

Saudi Arabia ‘Freezes Out’ Canada on Trade, Recalls Ambassador

Saudi Arabia ‘Freezes Out’ Canada on Trade, Recalls Ambassador

Saudi Arabia suspends new trade and investment with Canada after that country’s foreign ministry urged Riyadh to release arrested civil rights activists, it said in a statement released to the official Saudi Press Agency Sunday.

It also gave Canada’s Ambassador 24 hours to leave the country and recalled its own Ambassador to Canada, the statement by the Saudi foreign ministry said, adding it “will freeze all new trade and investment transactions with Canada whilst retaining its rights to take further action.”

The Saudi ministry had been briefed that the Canadian foreign ministry and the Canadian Embassy urged the Saudi authorities to “immediately release” the civil rights activists, the statement said.

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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