On March 20, Minister of Finance François-Philippe Champagne (Saint-Maurice–Champlain, Que.) joined Chris Forbes, Deputy Minister of Finance, to host a briefing with more than 400 Canadian industry and labour stakeholders, as well as provincial and territorial representatives, on Canada-U.S. economic issues. The discussion focused on the recent tariff actions by the U.S., including tariffs imposed on Canada under the International … Read more
Minister of Finance and Intergovernmental Affairs Dominic LeBlanc (Beauséjour, N.B.), Foreign Affairs Minister Mélanie Joly (Ahuntsic-Cartierville, Que.) and Innovation, Science and Industry Minister François-Philippe Champagne (Saint-Maurice–Champlain, Que.) outlined the Government of Canada’s response to the 25 per cent tariffs the U.S. unjustifiably imposed on all Canadian steel and aluminum products: Following a dollar-for-dollar approach, Canada is imposing, as … Read more
The Department of Finance announced plans to launch a U.S. dollar-denominated global bond on March 11, subject to market conditions, to support Canada’s commitment to maintaining foreign reserves above three percent of GDP. The bond will enhance Canada’s foreign currency reserves, providing liquidity and stability while meeting investor demand for high-quality assets. The full release … Read more
Minister of Finance and Intergovernmental Affairs Dominic LeBlanc (Beauséjour, N.B.), Government House Leader and Minister of Employment, Workforce Development and Labour Steven MacKinnon (Gatineau, Que.), Minister of International Trade, Export Promotion and Economic Development Mary Ng (Markham-Thornhill, Ont.), Minister of Small Business Rechie Valdez (Mississauga-Streetsville, Ont.) and Agriculture and Agri-food Minister Lawrence MacAulay (Cardigan, PEI) … Read more
Minister of Finance and Intergovernmental Affairs Dominic LeBlanc (Beauséjour, N.B.) and Foreign Affairs Minister Mélanie Joly (Ahuntsic-Cartierville, Que.) announced that in response to unjustified U.S. tariffs, the Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of imported goods, beginning immediately with a list of goods worth $30 billion. The scope of the Canadian … Read more
Energy and Natural Resources Minister Jonathan Wilkinson (North Vancouver, B.C.) announced that the federal government proposes to extend the 15 per cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional two years, until March 31, 2027. This extension is expected to provide $110 million to support mineral exploration investment. The full release is available … Read more
The Department of Finance released for public comment draft legislative proposals (and related explanatory notes) that would implement Budget 2024’s Electric Vehicle (EV) Supply Chain investment tax credit. The government invites all interested Canadians and stakeholders to email their comments to consultation-legislation@fin.gc.ca by March 14, 2025. The full release is available online. Contact mediare@fin.gc.ca.
The Government of Canada convened the first working meeting of the new Integrated Money Laundering Intelligence Partnership. This new partnership will support the permissible sharing of money laundering and organized crime intelligence between law enforcement and Canada’s big banks. Canada’s newly appointed Commissioner of Canada’s Fight Against Fentanyl, Kevin Brosseau, launched the inaugural meeting and … Read more
The Government of Canada is announcing its plan to issue its third Canadian-dollar-denominated green bond this week, subject to market conditions. This week’s issuance will be the second of two transactions in fiscal year 2024-25—the October re-opening and this separate offering—to meet the planned green bond issuance target outlined in Budget 2024. The full release is available … Read more
The Government of Canada is inviting Canadians to participate in pre-budget consultations to help shape Budget 2025. Comments will be accepted until March 10. The full release is available online. Contact Gabriel.Brunet@iga-aig.gc.ca.
