Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and Sean Fraser, Minister of Housing, Infrastructure and Communities, announced that more than 300,000 Canadians have opened a Tax-Free First Home Savings Account since April 1, 2023, which is making it more affordable for them to save for a down payment. The Tax-Free First Home Savings Account allows Canadians to …
Freeland speaks at Sustainable Finance Forum
Ottawa – Chrystia freeland, Deputy Prime Minister and Minister of Finance spoke at the Sustainable Finance Forum. She said: “I do want to start by recognizing and thanking Ryan. Ryan, your hard work and your leadership are why we are all here today. I think you are a tremendous example of what one person, one Member of Parliament with dedication …
Ensuring Canadians are treated fairly by their banks
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 …
Minister Ng concludes participation in Africa Accelerating conference
Toronto – Mary Ng, Minister of Export Promotion, International Trade and Economic Development, delivered a keynote address to kick off the Africa Accelerating 2023 conference in Toronto, Ontario. During the conference, Minister Ng discussed Canada’s efforts to advance trade and investment priorities and deepen economic cooperation between Canada and the countries of Africa. Minister Ng highlighted Canada’s support for the …
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 …
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 …
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 …