Canada freezes ties with Chinese bank AIIB over claim it is ‘dominated by Communist party’

Finance minister announces immediate review of Canada's involvement with Beijing's alternative to the World Bank

Canada is freezing its ties with the China-led Asian Infrastructure Investment Bank (AIIB) after the bank's global communications director resigned and said the bank was dominated by the Communist party".

Finance minister Chrystia Freeland said on Wednesday Canada was putting its ties with AIIB on hold while it investigated the allegations and did not rule out any outcomes, a clear hint that Ottawa could pull out of a bank it officially joined in March 2018.