Canada cuts ties with AIIB over alleged Chinese Communist Party control.

Canada has frozen ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it investigates claims by a former senior member of staff that the institution is dominated by the Chinese Communist Party. The move comes amid a continued fraying of ties between Ottawa and Beijing. Finance Minister Chrystia Freeland announced the move on Wednesday, after Canadian Bob Pickard, the AIIB’s global communications director, resigned from his job and criticised the bank as “dominated by the Communist Party”. The AIIB rejected Pickard’s criticism as “baseless and disappointing” and said it was proud of a staff representing 65 different nationalities.