Vancouver – In Vancouver, Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited 58 West Hastings, which in May 2024 will begin welcoming its first residents into 231 new affordable rental homes for vulnerable people and low-income families. As first announced by the Deputy Prime Minister on July 28, 2021, this project was made possible in part by $45.8 …
Fort Saskatchewan – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that Canada’s major investment tax credits are enabling Dow to build the world’s first net-zero emissions ethylene cracker and derivatives site in Fort Saskatchewan, Alberta. She was joined by the Chair and CEO of Dow, Jim Fitterling, François-Philippe Champagne, Minister of Innovation, Science and Industry, and Randy …
Toronto – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, Prabmeet Sarkaria, Ontario Minister of Transportation, Olivia Chow, Mayor of Toronto, and Jamaal Myers, Chair of the Toronto Transit Commission (TTC), announced the on-time delivery of the first of 60 new made-in-Canada streetcars to the TTC, supported by a $568 million joint investment. The first new streetcars will enter …
Gatineau – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, Jean-Yves Duclos, Minister of Public Services and Procurement, and Anita Anand, President of the Treasury Board, announced that 6 surplus federal properties will be developed into more than 2,800 new homes in Calgary, Alberta, Edmonton, Alberta and St. John’s, Newfoundland and Labrador and Ottawa, Ontario. By March 2024, Canada …
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced new measures to ensure Canadians are treated fairly by their banks. These measures include protecting Canadians from rising mortgage payments, enhancing low-cost banking options, lowering non-sufficient fund (NSF) fees and ensuring Canadians have an impartial advocate when they have complaints with their bank. These newest measures to make …
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 …
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 …
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 …
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 …
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 …
