Chinese President Xi Jinping met with Canadian Prime Minister Mark Carney in Beijing on January 16, 2026, where both leaders underscored the importance of sound and stable China-Canada relations for their shared interests and global peace. President Xi emphasized the need to build a new-type strategic partnership based on mutual respect, common development, trust, and collaboration, promoting healthy and sustainable bilateral ties. This meeting follows a consensus reached at the APEC Summit in Gyeongju in October last year, signaling a new chapter of improved relations. Prime Minister Carney, on his first visit to China since 2017, affirmed Canada's commitment to deepening cooperation across key sectors, anticipating 'historic gains' from the new strategic partnership. He specifically highlighted opportunities in agriculture, agri-food, energy, and finance. The visit aims to rebuild ties and diversify economic partnerships, particularly in the wake of shifting global alliances and trade tensions. Premier Li Qiang also held talks with Carney, expressing China's readiness to strengthen cooperation in clean energy, digital technology, modern agriculture, and advanced manufacturing. In related developments, the Bank of Montreal (BMO) has reaffirmed its dedication to enhancing financial collaboration between China and North America. BMO, as Canada's oldest bank, leverages its historical ties and strategic investments, including significant equity stakes in Chinese fund management and trust companies, to act as a crucial financial bridge. These high-level engagements signify a concerted effort by both nations to expand practical cooperation, enhance political mutual trust, and ensure stable bilateral trade amidst global uncertainties.