Canada News Centre2026-04-20T11:48:49-04:00https://www.canada.ca/en/news.htmlhttps://www.canada.ca/etc/designs/canada/wet-boew/assets/wmms-blk.svghttps://www.canada.ca/en/department-finance/news/2026/04/minister-of-finance-requests-safeguard-inquiry-into-imports-of-certain-wood-products.html

The global economy is rapidly changing, and many Canadians are feeling the effects at home. That is why our government is hard at work to build the strongest economy in the G7 amid the current global geopolitical uncertainty.

Department of Finance Canada2026-04-20T11:48:49-04:00https://www.canada.ca/en/department-finance/news/2026/04/statement-by-the-group-of-creditors-of-ukraine.html

The representatives of the Group of Creditors of Ukraine (GCU) and the Government of Ukraine signed on April 16, 2026 a Memorandum of Understanding (MoU) on the suspension of debt service due by Ukraine until the end of February 2030, corresponding to the duration of the International Monetary Fund (IMF) programme approved by its Executive Board on February 26, 2026.

Department of Finance Canada2026-04-16T16:59:54-04:00https://www.canada.ca/en/department-finance/news/2026/03/statement-by-the-minister-of-finance-on-canadas-progress-combatting-money-laundering.html

Statement by the Minister of Finance on Canada’s progress combatting money laundering

Department of Finance Canada2026-03-17T12:51:46-04:00https://www.canada.ca/en/department-finance/news/2026/03/minister-of-finance-requests-safeguard-inquiry-into-imports-of-canned-and-frozen-vegetables-prioritizes-request-for-inquiry-on-wood-products.html

Canada’s new government is building the strongest economy in the G7 amid the current global geopolitical uncertainty. This includes ensuring that Canadian industries are not jeopardized by harmful trade diversion resulting from a rapidly changing trade environment.

Department of Finance Canada2026-03-13T16:11:47-04:00https://www.canada.ca/en/department-finance/news/2025/12/g7-joint-statement.html

We, the G7 Finance Ministers, held a virtual meeting on December 8, together with the Heads of the International Monetary Fund (IMF), World Bank Group (WBG), Organisation for Economic Co-operation and Development (OECD), and Financial Stability Board (FSB). We were also joined by Canada’s Minister of Energy and Natural Resources and Finance Ministers and their representatives, from Australia, Chile, India, Mexico, and the Republic of Korea for parts of the meeting.

Department of Finance Canada2025-12-08T14:00:15-05:00https://www.canada.ca/en/department-finance/news/2025/10/g7-finance-ministers-statement.html

We, the G7 Finance Ministers, met virtually on October 1, 2025, and agreed to take joint steps to increase pressure on Russia to end its continued brutal war against Ukraine and to support Ukraine in its ongoing efforts to defend itself.

Department of Finance Canada2025-10-01T16:59:43-04:00https://www.canada.ca/en/department-finance/news/2025/09/statement-minister-finance-national-revenue-on-payments-canada-membership-expansion.html

“Today marks a significant step forward for the future of payments in Canada.

Department of Finance Canada2025-09-29T12:07:45-04:00https://www.canada.ca/en/department-finance/news/2025/07/3rd-finance-ministers-and-central-bank-governors-meeting.html

We, the G20 Finance Ministers and Central Bank Governors (FMCBG), met on 17 and 18 July 2025, in Durban, South Africa.

Department of Finance Canada2025-07-23T13:17:27-04:00https://www.canada.ca/en/department-finance/news/2025/06/g7-statement-on-global-minimum-taxes.html

Earlier this year the U.S. Secretary of the Treasury outlined the United States’ concerns regarding the Pillar 2 rules agreed by the OECD/G20 Inclusive Framework on BEPS and set out a proposed ‘side-by-side’ solution under which U.S. parented groups would be exempt from the Income Inclusion Rule (IIR) and Undertaxed Profits Rule (UTPR) in recognition of the existing U.S. minimum tax rules to which they are subject.

Department of Finance Canada2025-06-28T10:55:44-04:00https://www.canada.ca/en/department-finance/news/2025/05/g7-finance-ministers-and-central-bank-governors-communique.html

We began by reiterating our shared commitment to the G7. After 50 years of working together, transcending national differences and promoting global prosperity, the value of the G7 is clear.

Department of Finance Canada2025-05-22T15:03:24-04:00https://www.canada.ca/en/department-finance/news/2024/12/government-of-canada-responds-to-auditor-general-of-canadas-report-on-the-canada-emergency-business-account.html

Earlier today, the Office of the Auditor General of Canada tabled its fall report, one section of which examines the Canada Emergency Business Account (CEBA).

Department of Finance Canada2024-12-02T12:07:05-05:00https://www.canada.ca/en/department-finance/news/2024/11/joint-statement-by-the-deputy-prime-minister-and-minister-of-finance-chrystia-freeland-and-the-minister-of-public-safety-dominic-leblanc-on-potenti.html

Canada and the United States have one of the strongest and closest relationships–particularly when it comes to trade and border security. Canada places the highest priority on border security and the integrity of our shared border.

Department of Finance Canada2024-11-26T14:57:14-05:00https://www.canada.ca/en/department-finance/news/2024/11/g7-finance-ministers-and-central-bank-governors-statement.html

We, the G7 Finance Ministers and Central Bank Governors, met on 25 October 2024 in Washington, DC. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko.

Department of Finance Canada2024-11-01T08:04:49-04:00https://www.canada.ca/en/department-finance/news/2024/10/statement-by-the-deputy-prime-minister-and-minister-of-finance-on-the-extraordinary-revenue-acceleration-loan-mechanism-and-russian-sovereign-assets.html

Statement by the Deputy Prime Minister and Minister of Finance on the Extraordinary Revenue Acceleration Loan Mechanism and Russian Sovereign Assets

Department of Finance Canada2024-10-25T17:40:32-04:00https://www.canada.ca/en/department-finance/news/2024/10/g7-finance-ministers-statement-on-extraordinary-revenue-acceleration-era-loan-initiative.html

G7 Finance Ministers’ Statement on Extraordinary Revenue Acceleration (ERA) Loan Initiative

Department of Finance Canada2024-10-25T17:37:35-04:00https://www.canada.ca/en/department-finance/news/2024/08/statement-by-the-government-of-canada-on-international-tax-reform.html

Canada strongly supports international efforts to end the corporate tax race to the bottom and to ensure that all corporations, including the world’s largest corporations, pay their fair share wherever they do business.

Department of Finance Canada2024-08-30T14:50:09-04:00https://www.canada.ca/en/department-finance/news/2024/08/group-of-creditors-of-ukraine.html

The Group of Creditors of Ukraine (GCU) welcomes the agreement in principle reached between Ukraine and its bondholders (ad hoc creditor committee) on Eurobond Debt Restructuring Terms.

Department of Finance Canada2024-08-09T16:01:25-04:00https://www.canada.ca/en/department-finance/news/2024/05/g7-finance-ministers-and-central-bank-governors-communique.html

We, the G7 Finance Ministers and Central Bank Governors, met on 23-25 May 2024 in Stresa, Italy. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. The Heads of the International Monetary Fund (IMF), World Bank Group (WBG), Organisation for Economic Cooperation and Development (OECD) and Financial Stability Board (FSB) also took part in the meeting.

Department of Finance Canada2024-05-27T16:06:07-04:00https://www.canada.ca/en/department-finance/news/2024/05/g7-finance-ministers-and-central-bank-governors-statement.html

We, the G7 Finance Ministers and Central Bank Governors, met on 17 April 2024 in Washington, DC, on the margin of the International Monetary Fund and World Bank Group Spring Meetings. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. We were also joined by the Heads of the International Monetary Fund, World Bank Group, Organisation for Economic Cooperation and Development, and Financial Stability Board.

Department of Finance Canada2024-05-03T10:15:53-04:00https://www.canada.ca/en/department-finance/news/2023/12/group-of-creditors-of-ukraine.html

The representatives of the Group of Creditors of Ukraine (GCU) and the Government of Ukraine signed on December 21, 2023 an Amendment to the Memorandum of Understanding (MoU) on Debt Service Suspension of Ukraine concluded on September 14, 2022. This Amendment extends the Debt Service Suspension until the end of March 2027, corresponding to the end of the current IMF program. It aims at implementing the first phase of the financing assurances provided by the GCU on March 24, 2023 to support the approval of the program by the IMF Executive Board of Directors.

Department of Finance Canada2023-12-21T18:52:59-05:00https://www.canada.ca/en/department-finance/news/2023/12/statement-of-the-g7-and-australia-on-price-cap-rule-updates-for-seaborne-russian-origin-oil-and-petroleum-products.html

Statement of the G7 and Australia on Price Cap Rule Updates for Seaborne Russian-Origin Oil and Petroleum Products

Department of Finance Canada2023-12-20T14:29:46-05:00https://www.canada.ca/en/department-finance/news/2023/12/update-on-federal-innovation-policies-and-initiatives.html

Today, the Government of Canada is providing an update on federal support for Canada’s innovation ecosystem, with a focus on improving existing programs that support Canadian businesses.

Department of Finance Canada2023-12-19T17:12:24-05:00https://www.canada.ca/en/department-finance/news/2023/12/statement-by-the-deputy-prime-minister-and-minister-of-finance-on-the-canadian-housing-market.html

Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is maintaining at its current level the minimum qualifying rate for uninsured mortgages. This rate came into effect on June 1, 2021, and was last reaffirmed on December 15, 2022.

Department of Finance Canada2023-12-12T15:57:25-05:00https://www.canada.ca/en/department-finance/news/2023/12/canada-consulting-with-international-partners-to-further-review-the-asian-infrastructure-investment-bank.html

At my instruction on June 14, 2023, the Government of Canada immediately halted all government-led activity at the Asian Infrastructure Investment Bank (AIIB). This urgent step was taken after serious concerns were raised about the AIIB by a former employee.

Department of Finance Canada2023-12-08T14:20:06-05:00https://www.canada.ca/en/department-finance/news/2023/11/collective-engagement-to-implement-the-crypto-asset-reporting-framework.html

To keep pace with the rapid development and growth of the crypto-asset market and to ensure that recent gains in global tax transparency will not be gradually eroded, we welcome the new international standard on automatic exchange of information between tax authorities developed by the Organisation for Economic Co-operation and Development (OECD) – the Crypto-Asset Reporting Framework (CARF). The widespread, consistent and timely implementation of the CARF will further improve our ability to ensure tax compliance and clamp down on tax evasion, which reduces public revenues and increases the burden on those who pay their taxes.

Department of Finance Canada2023-11-10T16:18:33-05:00https://www.canada.ca/en/department-finance/news/2023/11/statement-by-the-deputy-prime-minister-following-the-federal-provincial-territorial-meeting-about-the-canada-pension-plan.html

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement after a meeting of provincial and territorial Finance Ministers regarding the Government of Alberta’s proposal to withdraw from the Canada Pension Plan (CPP):

Department of Finance Canada2023-11-03T16:29:29-04:00https://www.canada.ca/en/department-finance/news/2023/10/letter-from-the-deputy-prime-minister-to-provincial-and-territorial-finance-ministers-regarding-the-canada-pension-plan.html

Over the past twenty years, CPP Investments has grown the CPP’s assets from $36 billion to more than $570 billion, of which about $380 billion was generated from investment income. In fact, between 2013 and 2022, CPP Investments delivered the highest ten-year returns of any pension fund in the world.

Department of Finance Canada2023-10-31T13:49:27-04:00https://www.canada.ca/en/department-finance/news/2023/10/statement-by-the-honourable-chrystia-freeland-to-the-48th-meeting-of-the-international-monetary-and-financial-committee.html

We remain firmly committed to supporting Ukraine for as long as it takes. Canada championed the creation of the IMF’s Administered Account for Ukraine, which has raised approximately C$6.8 billion from Canada, Germany, the Netherlands, and Belgium to help the Government of Ukraine continue to deliver essential services and restore critical infrastructure.

Department of Finance Canada2023-10-13T21:32:02-04:00https://www.canada.ca/en/department-finance/news/2023/10/statement-by-the-deputy-prime-minister-to-the-108th-meeting-of-the-development-committee.html

Our constituency wishes to express our heartfelt sympathy and deepest condolences to the people of Morocco and Libya in the aftermath of the terrible earthquake and flood of September 2023.

Department of Finance Canada2023-10-13T20:58:19-04:00https://www.canada.ca/en/department-finance/news/2023/10/g7-finance-ministers-and-central-bank-governors-statement.html

We, the G7 Finance Ministers and Central Bank Governors, met in Marrakech, joined by the Heads of the International Monetary Fund (IMF), World Bank Group (WBG), Organization for Economic Cooperation and Development (OECD), and Financial Stability Board (FSB). We were honored to be joined by the Ukrainian Finance Minister Sergii Marchenko.

Department of Finance Canada2023-10-12T14:38:16-04:00https://www.canada.ca/en/department-finance/news/2023/10/statement-of-the-g7-and-australia-on-actions-taken-to-enforce-price-caps-for-seaborne-russian-origin-oil-and-petroleum-products.html

Since the establishment of the price cap policy, the Coalition has closely monitored markets—including price trends and volumes exported by Russia to ensure that the price cap continues to function as intended. Russian oil tax revenue was down 45% from January-August this year, relative to 2022. Given recent price movements, the Coalition is focusing on supporting compliance and enforcement of the policy.

Department of Finance Canada2023-10-12T13:10:36-04:00https://www.canada.ca/en/department-finance/news/2023/09/statement-by-the-deputy-prime-minister-on-the-bank-of-canadas-interest-rate-pause.html

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement regarding the Bank of Canada’s decision to maintain its overnight rate target

Department of Finance Canada2023-09-06T10:10:00-04:00https://www.canada.ca/en/department-finance/news/2023/07/statement-by-the-deputy-prime-minister-on-international-tax-reform-negotiations.html

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement regarding ongoing negotiations by the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework for a two-pillar plan on international tax reform

Department of Finance Canada2023-07-12T08:25:59-04:00https://www.canada.ca/en/department-finance/news/2023/07/canada-and-ontario-establish-an-auto-pact-to-secure-stellantis-lges-and-volkswagen-deals.html

Today, the Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, the Honourable Doug Ford, Premier of Ontario, and the Honourable Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, issued the following joint statement:

Department of Finance Canada2023-07-06T10:56:28-04:00https://www.canada.ca/en/department-finance/news/2023/05/g7-finance-ministers-and-central-bank-governors-meetings-niigata-communique.html

In the face of multiple and complex global challenges, we renewed our commitment to upholding the free, fair and rules-based multilateral system and elevated our engagement with international partners to new heights through an extensive dialogue to advance international cooperation and deliver prosperity for all. We highly valued the productive dialogue with Brazil, Comoros, India, Indonesia, the Republic of Korea, and Singapore. G7 members and Finance Ministers of these countries exchanged views on recent global economic developments and major challenges to foster robust and sustainable growth, and committed to jointly tackle a range of global economic challenges, fight poverty, and achieve strong, sustainable, balanced, and inclusive global growth.

Department of Finance Canada2023-05-13T11:11:44-04:00https://www.canada.ca/en/department-finance/news/2023/05/deputy-prime-minister-welcomes-ajay-banga-as-world-bank-president.html

Mr. Banga has the global experience and a commitment to advancing social and economic progress that will serve the World Bank well as it confronts the most pressing challenges facing today’s global economy.

Department of Finance Canada2023-05-03T14:32:45-04:00https://www.canada.ca/en/department-finance/news/2023/04/statement-by-the-honourable-chrystia-freeland-deputy-prime-minister-and-minister-of-finance-canada.html

The most pressing threat to the global economy remains Russia’s illegal full-scale invasion of Ukraine. In addition to the direct and deplorable impacts on millions of Ukrainians, Russia’s actions are compounding economic challenges for the world’s most vulnerable, exacerbating longstanding issues of poverty, income inequality, and food insecurity.

Department of Finance Canada2023-04-14T07:56:50-04:00https://www.canada.ca/en/department-finance/news/2023/04/statement-by-the-deputy-prime-minister-and-minister-of-finance-after-chairing-the-five-finance-ministers-meeting.html

“Today I chaired the first in-person meeting of the “Five Finance Ministers” hosted at the U.S. Treasury, which included my counterparts from Australia, New Zealand, the United Kingdom, and the United States."

Department of Finance Canada2023-04-13T20:44:15-04:00https://www.canada.ca/en/department-finance/news/2023/04/statement-by-the-honourable-chrystia-freeland-to-the-107th-meeting-of-the-development-committee.html

Canada and our constituency partners are firmly committed to supporting the government and people of Ukraine in their fight against Russia’s illegal invasion. Since February 2022, Canada has provided over C$8 billion in direct financial, military, and humanitarian assistance to Ukraine, and imposed strict sanctions on Russia and Belarus. Ireland has contributed bilaterally, via EU support, and through extensive support to refugees.

Department of Finance Canada2023-04-12T16:00:02-04:00https://www.canada.ca/en/department-finance/news/2023/03/statement-from-the-deputy-prime-minister-and-minister-of-finance-welcoming-imfs-new-extended-fund-facility-for-ukraine.html

The Extended Fund Facility will provide Ukraine with US$15.6 billion over four years, which will help to sustain Ukraine’s economic and financial stability, and support its economic recovery, long-term growth, and reconstruction efforts. The Extended Fund Facility will also support Ukraine as it makes continued progress on the reforms required to attain accession to the European Union.

Department of Finance Canada2023-03-31T16:25:44-04:00https://www.canada.ca/en/department-finance/news/2023/03/group-of-creditors-of-ukraine-provides-financing-assurances-to-support-the-imfs-approval-of-an-upper-credit-tranche-programme.html

1. The representatives of the Group of Creditors of Ukraine held a meeting on 23 March 2023, in the presence of representatives of the International Monetary Fund and the World Bank, to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF programme for Ukraine, which would help to restore the country’s macroeconomic stability.

Department of Finance Canada2023-03-24T18:06:58-04:00https://www.canada.ca/en/department-finance/news/2023/03/statement-from-the-deputy-prime-minister-and-minister-of-finance-regarding-silicon-valley-bank0.html

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, issued the following statement

Department of Finance Canada2023-03-14T20:35:33-04:00https://www.canada.ca/en/department-finance/news/2023/03/statement-from-the-deputy-prime-minister-and-minister-of-finance-regarding-silicon-valley-bank.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, issued the following statement

Department of Finance Canada2023-03-12T16:39:00-04:00https://www.canada.ca/en/department-finance/news/2023/03/update-on-trans-mountain-expansion-project.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the following statement regarding Trans Mountain Corporation’s (TMC) update on the Trans Mountain Expansion Project

Department of Finance Canada2023-03-10T12:29:44-05:00https://www.canada.ca/en/department-finance/news/2023/02/statement-on-russian-elites-proxies-and-oligarchs-task-force-results.html

Since the beginning of Russia’s illegal full-scale invasion of Ukraine on February 24, 2022, Canada and our international partners have imposed severe, wide-reaching sanctions on individuals and entities in Russia, Belarus, and Ukraine who are complicit in Putin’s illegal war.

Department of Finance Canada2023-02-24T15:50:40-05:00https://www.canada.ca/en/department-finance/news/2023/02/g7-finance-ministers-and-central-bank-governors-statement-on-russias-war-of-aggression-against-ukraine-and-its-impact-on-the-global-economy.html

On February 24 last year, Russia launched its illegal, unjustifiable, and unprovoked war of aggression against Ukraine, which is also an attack on the rule of law and the principles of the UN Charter. On the eve of the one-year mark, we reaffirm our unwavering support for Ukraine and unity in our condemnation of Russia’s war of aggression and the resulting tragic loss of life and destruction of property. We remain determined to foster international cooperation to uphold multilateralism and address the global economic hardships caused by Russia’s war and its weaponization of food and energy, which are disproportionately felt by low- and middle-income countries.

Department of Finance Canada2023-02-23T11:16:02-05:00https://www.canada.ca/en/department-finance/news/2023/02/statement-of-the-g7-and-australia-on-price-caps-for-seaborne-russian-origin-petroleum-products.html

On 4 February 2023, members of the Price Cap Coalition reached consensus on the maximum prices for seaborne Russian-origin petroleum products.

Department of Finance Canada2023-02-03T18:54:20-05:00https://www.canada.ca/en/department-finance/news/2022/12/g7-fm-statement-on-support-to-ukraine.html

Throughout 2022 and looking ahead to the new year, our commitment to supporting Ukraine remains unwavering. The G7 will continue to stand firmly with Ukraine for as long as it takes. We reiterate the statement made by our Leaders on 12 December 2022 and join them in condemning Russia’s war of aggression and the resulting tragic loss of human lives as well as Russia’s continuous inhumane and brutal attacks targeting critical infrastructure, in particular energy and water facilities, and cities across Ukraine. We have a moral imperative to help Ukraine resist Russia’s unprovoked assault – an assault which is also an attack on the underpinnings of the rules-based international system.

Department of Finance Canada2022-12-22T08:20:35-05:00https://www.canada.ca/en/department-finance/news/2022/12/statement-by-the-deputy-prime-minister-and-minister-of-finance-on-the-canadian-housing-market.html

Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is maintaining the minimum qualifying rate for uninsured mortgages at its current level. This rate came into effect on June 1, 2021, and was reaffirmed on December 17, 2021.

Department of Finance Canada2022-12-14T16:33:15-05:00https://www.canada.ca/en/department-finance/news/2022/12/statement-of-the-g7-and-australia-on-a-price-cap-for-seaborne-russian-origin-crude-oil.html

With this decision today, we deliver on the commitment of G7 Leaders at their summit in Elmau to prevent Russia from profiting from its war of aggression against Ukraine.

Department of Finance Canada2022-12-02T19:08:56-05:00https://www.canada.ca/en/department-finance/news/2022/11/statement-on-the-sale-of-hsbc-bank-canada-to-the-royal-bank-of-canada.html

Today HSBC Holding plc and the Royal Bank of Canada (RBC) have announced that they have concluded an agreement for the sale of HSBC Bank Canada (HSBC) to RBC, subject to the necessary regulatory approvals.

Department of Finance Canada2022-11-29T10:18:34-05:00https://www.canada.ca/en/department-finance/news/2022/10/joint-release-by-the-united-states-australia-canada-japan-korea-and-new-zealand-on-the-occasion-of-the-apec-finance-ministers-meeting-19-20-october.html

We express our unwavering support for APEC and are fully committed to helping Thailand, as APEC Chair in 2022, deliver a successful host year.

Department of Finance Canada2022-10-21T13:54:26-04:00https://www.canada.ca/en/department-finance/news/2022/10/statement-honourable-chrystia-freeland-46th-meeting-international-monetary-financial-committee.html

Global inflationary pressures continue to rise and are increasing costs of living and squeezing out the middle class. Extreme volatility has plagued commodity markets, increasing the cost of everyday goods including necessities such as food. The IMF must consider how best to assess and respond to growing global risks, many of which—including rising costs of food and fuel—have been exacerbated by Russia’s invasion of Ukraine.

Department of Finance Canada2022-10-14T15:23:22-04:00https://www.canada.ca/en/department-finance/news/2022/10/statement-honourable-chrystia-freeland-106th-meeting-development-committee.html

The pandemic and Russia’s invasion of Ukraine have highlighted the interconnectedness and fragility of our global food systems. Because of the war, we are experiencing the largest shock to the global food system since the 2008-09 food price crisis. Food price inflation is having a significant impact on food security around the world. We encourage the Bank to continue to help build resilient food systems through support to the intensification of climate-smart agriculture, improving energy use in food systems, sustainable agri-food value-chains, and overall better food system governance.

Department of Finance Canada2022-10-14T14:51:48-04:00https://www.canada.ca/en/department-finance/news/2022/10/g7-finance-ministers-and-central-bank-governorsstatement-on-climate-issues.html

In our meeting on climate economics, we underlined our commitment to ambitiousclimate action and to promoting an orderly and just global transition towards net zerogreenhouse gas emissions. We were delighted to be joined by Nicholas Stern, AmarBhattacharya and Hans Peter Lankes for our discussion.

Department of Finance Canada2022-10-14T09:22:15-04:00https://www.canada.ca/en/department-finance/news/2022/10/g7-fmcbg-statement-on-the-global-economic-impact-of-russias-war-of-aggression-against-ukraine-and-g7-support-to-ukraine.html

We remain steadfast in our support for and solidarity with Ukraine. Equally, we remain united in our condemnation of Russia´s war of aggression against Ukraine and the tragic loss of life resulting from the war and reiterate the statement made by our Leaders on 11 October 2022.

Department of Finance Canada2022-10-13T18:18:35-04:00https://www.canada.ca/en/department-finance/news/2022/09/g7-finance-ministers-statement-on-the-united-response-to-russias-war-of-aggression-against-ukraine.html

G7 Finance Ministers' Statement on the united response to Russia's war of aggression against Ukraine

Department of Finance Canada2022-09-02T10:39:53-04:00https://www.canada.ca/en/department-finance/news/2022/07/group-of-creditors-of-ukraine.html

We note the publication today of a consent solicitation from Ukraine to defer the debt service due to bondholders from August 1st, 2022 and to extend payment maturities.

Department of Finance Canada2022-07-22T16:31:13-04:00https://www.canada.ca/en/department-finance/news/2022/06/government-of-canada-welcomes-final-report-of-the-commission-of-inquiry-into-money-laundering-in-british-columbia.html

The federal government takes the issues of money laundering and terrorist financing very seriously, and welcomes the Cullen Commission’s final report. The government will closely examine the report and continue working with all partners, including the Government of British Columbia, as part of its efforts to review and improve Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Regime.

Department of Finance Canada2022-06-17T16:09:23-04:00https://www.canada.ca/en/department-finance/news/2022/05/g7-finance-ministers-and-central-bank-governors-petersberg-communique.html

We, the G7 Finance Ministers and Central Bank Governors, met on the Petersberg on 18-20 May 2022

Department of Finance Canada2022-05-20T14:34:23-04:00https://www.canada.ca/en/department-finance/news/2022/05/update-on-trans-mountain-expansion-project.html

On February 18, 2022, the federal government provided an update on the Trans Mountain Expansion Project. With 50 per cent of the pipeline already built and the project significantly de-risked, the federal government announced that no additional public money will be spent on the project and Trans Mountain Corporation would secure the funding necessary to complete the project with third-party financing.

Department of Finance Canada2022-05-11T15:23:16-04:00https://www.canada.ca/en/department-finance/news/2022/04/statement-by-the-honourable-chrystia-freeland-deputy-prime-minister-and-minister-of-finance-for-canada-on-behalf-of-antigua-and-barbuda-the-bahamas.html

In response to Russia’s invasion, Canada has joined its partners and allies in imposing the strongest sanctions ever inflicted on a major economy, while also directly sanctioning President Putin and over 900 other Russian individuals and entities. Canada has also provided immediate support to Ukraine and its people, and has offered two bilateral sovereign loans to Ukraine, worth up to CA$620 million. Canada will continue to do more in the weeks and months to come.

Department of Finance Canada2022-04-22T11:20:58-04:00https://www.canada.ca/en/department-finance/news/2022/04/g7-finance-ministers-and-central-bank-governors-statement-on-russias-war-of-aggression-against-ukraine.html

G7 Finance Ministers and Central Bank Governors' Statement on Russia's war of aggression against Ukraine

Department of Finance Canada2022-04-21T16:10:06-04:00https://www.canada.ca/en/department-finance/news/2022/03/russian-elites-proxies-and-oligarchs-task-force-ministerial-joint-statement.html

English

Department of Finance Canada2022-03-17T16:52:47-04:00https://www.canada.ca/en/department-finance/news/2022/02/g7-finance-ministers-statement-on-ukraine.html

The ongoing Russian military build-up at Ukraine’s borders is a cause for grave concern. We, the G7 Finance Ministers, underline our readiness to act swiftly and decisively to support the Ukrainian economy, while also supporting the ongoing efforts to urgently identify a diplomatic path towards de-escalation.

Department of Finance Canada2022-02-14T06:34:12-05:00https://www.canada.ca/en/department-finance/news/2021/12/statement-by-the-deputy-prime-minister-and-minister-of-finance-on-the-canadian-housing-market.html

Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is maintaining the minimum qualifying rate for uninsured mortgages that came into effect on June 1, 2021.

Department of Finance Canada2021-12-17T10:01:38-05:00https://www.canada.ca/en/department-finance/news/2021/12/joint-statement-of-the-government-of-canada-and-the-bank-of-canada-on-the-renewal-of-the-monetary-policy-framework.html

The objective of Canada's monetary policy is to promote the economic and financial well-being of Canadians. Experience has shown that the best way monetary policy can achieve this goal is by maintaining a low and stable inflation environment. Doing so supports a strong and inclusive labour market that provides every Canadian with opportunities for a good quality of life.

Department of Finance Canada2021-12-13T10:12:53-05:00https://www.canada.ca/en/department-finance/news/2021/11/deputy-prime-minister-welcomes-announcement-of-international-sustainability-standards-board-office-in-canada.html

Today, the International Financial Reporting Standards (IFRS) Foundation announced that it has selected Montréal, Quebec, to be home to offices of the new International Sustainability Standards Board (ISSB).

Department of Finance Canada2021-11-03T06:56:52-04:00https://www.canada.ca/en/department-finance/news/2021/10/statement-by-the-deputy-prime-minister-on-new-international-tax-reform-agreement.html

Today, the Organisation for Economic Co-operation and Development (OECD) announced that 136 countries, including Canada, have agreed on the elements of the landmark two-pillar plan on international tax reform. The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement:

Department of Finance Canada2021-10-08T17:53:02-04:00https://www.canada.ca/en/department-finance/news/2021/07/letter-from-the-deputy-prime-minister-to-the-chair-of-the-board-of-trustees-of-the-ifrs-foundation.html

On July 23, 2021, the Deputy Prime Minister and Minister of Finance sent the letter linked below, on behalf of the Government of Canada and a coalition of over 55 Canadian public and private institutions, to the Chair of the Board of Trustees of the IFRS Foundation. The letter expresses support for the proposed International Sustainability Standards Board (ISSB) and invites the Board of Trustees to locate the ISSB headquarters in Canada.

Department of Finance Canada2021-07-28T15:08:46-04:00https://www.canada.ca/en/department-finance/news/2021/07/statement-by-the-deputy-prime-minister-on-new-framework-for-international-tax-reform.html

Following the announcement yesterday that 130 countries co-signed a new two-pillar plan on international tax reform, including Canada, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance.

Department of Finance Canada2021-07-02T10:25:34-04:00https://www.canada.ca/en/department-finance/news/2021/06/statement-deputy-prime-minister-final-report-canada-british-columbia-expert-panel-future-housing-supply-affordability.html

Statement by the Deputy Prime Minister on the final report from the Canada-British Columbia Expert Panel on the Future of Housing Supply and Affordability

Department of Finance Canada2021-06-17T16:25:26-04:00https://www.canada.ca/en/department-finance/news/2021/05/statement-by-the-deputy-prime-minister-and-minister-of-finance-on-the-canadian-housing-market.html

Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced that, effective June 1, 2021, it will implement a new minimum qualifying rate for all uninsured mortgages.

Department of Finance Canada2021-05-20T15:53:49-04:00https://www.canada.ca/en/department-finance/news/2021/04/statement-by-the-deputy-prime-minister-and-minister-of-finance.html

The Office of the Superintendent of Financial Institutions (OSFI) announced today that it is restarting its consultation on the minimum qualifying rate for uninsured mortgages.

Department of Finance Canada2021-04-08T15:56:03-04:00https://www.canada.ca/en/department-finance/news/2020/09/deputy-prime-minister-co-chairs-un-meeting-on-the-international-response-to-the-covid-19-pandemic.html

“Together with the Minister of Finance and the Public Service of Jamaica and the United Nations Deputy Secretary General, today I co-chaired a meeting of Finance Ministers from around the world to discuss proposals for the international community’s response to the COVID-19 pandemic.

Department of Finance Canada2020-09-08T14:23:00-04:00