Saudi Arabia Appears To Be Trying To Tank Canadian Asset Prices


Saudi Arabia on Wednesday ruled out any mediation in an escalating diplomatic row with Canada, adding that the kingdom was considering further punitive measures against Ottawa.

The clash between the two countries began last Thursday when the Canadian government posted a tweet expressing concern over Riyadh's arrest of two women's rights activists. " It subsequently froze all new trade agreements with Canada and gave the Canadian ambassador to Riyadh 24 hours to leave". This after it suspended direct flights to Canada by its state airline and ordered the withdrawal of 12,000 Saudi students who are in Canada on state-sponsored scholarships.

Saudi Arabia called that "unfortunate, reprehensible, and unacceptable in relations between states".

Nevertheless, when Freeland was asked about Saudi Arabia's reaction to her comments, she said Canada stands by its stance "with great assuredness."

Yes. In 2015, Riyadh recalled its ambassador to Sweden and stopped issuing work visas for Swedes after the European Union member country's foreign minister described a court decision related to Raif Badawi as "medieval" and the kingdom's ruling Al Saud family as presiding over a "dictatorship".

Then on Tuesday, Saudi authorities announced they would halt all medical treatment programs in Canada and transfer Saudi patients to hospitals outside the country.

"We've been pretty clear in our dealings around the world and specifically in Saudi Arabia that we know that it's important that we bring Canadian values around the world".

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Smith said to ESPN that he told police anything that happened to his then-estranged wife was the result of defending himself. The university said it also notified Franklin County Children Services, university police and USA Diving at the time.

The United States said Tuesday that both Canada and Saudi Arabia are "close partners" of the USA, and asked the Saudi government for more information of the detention of several activists. "Therefore, Canada must correct its actions towards the kingdom".

"The matter is not about human rights; it is a matter of national security", the minister said. Saudia Airlines has also announced it will suspend flights to and from Canada starting August 13.

Responding to a question about the reason for the arrest of the activists, Jubeir repeated earlier allegations that they had been in touch with foreign entities.

"I will say Canada is very comfortable with our position", she told reporters.

"I don't think, understanding Saudi Arabia's foreign policy, that they're going to climb down from this, so we're at an impasse".

Canada's Prime Minister Justin Trudeau is expected to hold a news conference in Montreal, where he will be pressed on the diplomatic crisis.