Ottawa – The modernized Canada-Ukraine Free Trade Agreement (CUFTA) marks a new era in Canada and Ukraine’s economic relationship and will be fundamental to the participation of Canadian businesses in Ukraine’s economic reconstruction and recovery from Russia’s illegal and unjustified invasion. Mary Ng, Minister of Export Promotion, International Trade and Economic Development, tabled the text of the modernized CUFTA in …
Freeland concludes successful meetings of G7, G20 Finance Ministers, IMF, World Bank
Marrakech – Deputy Prime Minister and Minister of Finance, Chrystia Freeland, concluded a visit to Marrakech, Morocco for meetings of G7 and G20 Finance Ministers and the Annual Meetings of the International Monetary Fund (IMF) and World Bank. The Deputy Prime Minister discussed with Canada’s allies and partners the importance of building clean economies that deliver for working people, securing …
New tax-free 1st Home Savings Account helping Canadians save for their home
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that over 150,000 Canadians have already opened a tax-free First Home Savings Account to save for a down payment on their first home—putting homeownership back within reach across the country. The new tax-free First Home Savings Account is a registered savings account that allows Canadians to contribute up …
Unlocking $20b in new financing to build 30,000 more apartments per year
Canada Mortgage Bonds increase designated to new rental housing construction Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the annual limit for Canada Mortgage Bonds is being increased from $40 billion to up to $60 billion. This change is the next step in the government’s plan to build more homes, faster, and will unlock low-cost …
Freeland talks on legislation to build more rental homes, stabilize grocery prices
Ottawa – Deputy Prime Minister and Minister of Finance Chrystia Freeland talked on legislation to build more rental homes and stabilizing grocery prices. She said: Good afternoon. Our government is relentlessly focused on building an economy with stable prices, steady growth, and abundant, well-paying, middle-class jobs. As Deputy Prime Minister and Finance Minister, this is my most urgent priority. That is …
Govt introduces legislation to build more rental homes, stabilize grocery prices
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, introduced Bill C-56, the Affordable Housing and Groceries Act, the first piece of government legislation introduced in the fall parliamentary sitting. This legislation would deliver urgent action to help make life more affordable for Canadians by removing the GST on new rental housing construction across the country. This legislation would …
Deputy PM meets with US Treasury Secretary Janet Yellen in New York
New York City – In New York City, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, met with the United States Secretary of the Treasury, Janet Yellen. The Deputy Prime Minister and the Secretary discussed Russia’s illegal invasion of Ukraine, and agreed on the importance of continuing their resolute commitment to ensuring Ukraine has the support it needs …
Phasing out inefficient fossil fuel subsidies
Montréal – The Government of Canada is committed to investing in a strong, sustainable economic future that will deliver good, middle‑class jobs, clean air, and energy security for generations to come. Steven Guilbeault, Minister of Environment and Climate Change, released the Inefficient Fossil Fuel Subsidies Government of Canada Self‑Review Assessment Framework and the Inefficient Fossil Fuel Subsidies Government of Canada Guidelines, which were …
Freeland reacts after G20 FM, Central Bank Governors Meeting in India
Delhi – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, gave remarked after G20 after G20 Foreign Ministers and Central Bank Governors Meeting in India: I would like to start by talking about the inflation numbers that came out today. They show that inflation in Canada is down to 2.8 per cent. That is back to the Bank of …
Auto Pact to Secure Stellantis-LGES, Volkswagen deals secured
Agreement on joint support for electric vehicle and battery projects will attract economic growth and create thousands of good-paying jobs TORONTO — Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, Doug Ford, Premier of Ontario, and Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, issued the following …