"Russia has refused and continues to refuse any attempt to politicize human rights issues", said the Press Secretary for Russian Foreign Ministry, Maria Zakharova.
The Financial Times reported that the Saudi central bank and state pension funds had told their overseas asset managers to sell their Canadian equities, bonds and cash holdings.
The Minister of Civil Service, Sulaiman Bin Abdullah Al-Hamdan, who also heads the Training and Scholarship Committee - an affiliate of his ministry, explained that the committee's secretariat has been working 24 hours a day to provide support for Saudi missions overseas to help the smooth transfer of those on scholarship in Canada to other countries and universities.
The diplomatic dispute between Canada and Saudi Arabia which was sparked by the Canadian government voicing support for Raif and Samar Badawi, two sisters who have been imprisoned in the Islamic Kingdom for protesting for human rights for women, has escalated, the New York Post reports.
"Canada will always speak strongly and clearly in private and in public on questions of human rights", Trudeau said during an event Wednesday in Montreal.
Saudi Arabia retaliated by expelling the Canadian ambassador and froze new trade ties with Canada.
"We do not wish to have poor relations with Saudi Arabia", he added, saying Ottawa recognizes that Riyadh "has made progress when it comes to human rights".
Saudi Arabian Energy Minister Khalid al-Falih said oil - Canada gets about 15 percent of its petroleum from Saudi Araiba - will continue to flow because the country has a "firm and long-standing policy" that oil supplies are not affected by political considerations.
Canada is one of the leading exporters of barley to Saudi Arabia.
Many Saudi media outlets and online personalities have taken to the web and airwaves to criticize Canada for everything from the opioid epidemic to its treatment of Indigenous Peoples. Jubeir added that Saudi Arabia was "considering additional measures" against Canada, without elaborating. "I respect the rights of individual countries to make the right decisions and speak for themselves".
Morneau said the Canadian economy is strong.
The move came after Germany's foreign minister last November remarked that Lebanon was a "pawn" of Saudi Arabia after the surprise resignation of its Prime Minister Saad Hariri while in Riyadh.