However, Saudi Arabia's Foreign Ministry called Canada's plea a "grave and unacceptable violation of the kingdom's laws and procedures". Washington Post foreign affairs writer Ishaan Tharoor joins CBSN to break down the diplomatic spat.
The United Kingdom was similarly muted in its response, with a foreign office spokeswoman saying: "Canada and Saudi Arabia are both close partners of the UK, and we urge restraint during the current situation", a foreign office spokeswoman said.
A fresh escalation of the row emerged on Tuesday.
Prime Minister Justin Trudeau showed no signs of ceding to Saudi Arabia Wednesday, saying the federal government has, and will continue to "speak strongly and clearly in private and in public on questions of human rights".
"I will say Canada is very comfortable with our position", she told reporters.
The bank had received no instructions to sell assets as they do not have any exposure there, the source said.More news: Trump's China Trade War Just Escalated by $16 Billion
Riyadh has also frozen student exchange programs and ordered about 15,000 Saudi students in Canadian schools and colleges to leave the country.
Since rising to power in 2015, Crown Prince Mohammed bin Salman has courted Western allies by offering to buy billions of dollars worth of arms.
The execution came during a deepening dispute between the two countries sparked by Canadian criticism of how Saudi Arabia is treating jailed activists.
Additionally, on Monday it was announced that "training, scholarships and fellowships" for Saudi students in Canada are now being shelved. But Canada sold 66,000 tonnes of barley to Saudi Arabia in 2016, and twice that past year.
Saudi Arabia, ruled by its interpretation of Islamic law, rarely carries out crucifixions, but capital punishment remains common.
The Canadian dollar was down by 0.2% against the U.S. dollar to 1.3096 at 8:59 a.m. ET.