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 …
Delivering additional $2b Canada Health Transfer payment to provinces, territories
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today confirmed that the Government of Canada has delivered to provinces and territories an additional $2 billion Canada Health Transfer top-up. This top-up will support provincial and territorial governments in reducing backlogs and responding to urgent pressures in emergency rooms, operating rooms, and pediatric hospitals, and is part of …
Freeland welcomes IMF’s findings on economy
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the International Monetary Fund (IMF)’s Staff Concluding Statement of the 2023 Article IV Mission, which highlighted Canada’s resilient economy, stable fiscal outlook, clean economy plan, and actions to improve housing affordability. The IMF’s latest projections reaffirm Canada’s position as the G7 country with the lowest deficit-to-GDP ratio in every …
Government announces lower credit card transaction fees for small businesses
Brampton – The Government of Canada today announced it is delivering on the Budget 2023 commitment to lower credit card transaction fees for small businesses by finalizing new agreements with Visa and Mastercard, while also protecting reward points for Canadian consumers offered by Canada’s large banks. Small businesses pay fees to process credit card transactions, with the largest component being …
Strengthening public health care receives Royal Assent
Ottawa – Bill C-46, the Cost of Living Act, No. 3, received Royal Assent. This legislation delivers new inflation relief to the Canadians who need it most through the new Grocery Rebate, and strengthens public health care with a $2 billion Canada Health Transfer (CHT) top-up to help reduce backlogs and wait times, and support pediatric hospitals and emergency rooms. The new …