Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) announced the appointment of Karen H. Sheriff to the board of directors of the Canada Pension Plan Investment Board. Currently president and CEO of Bell Aliant, Sheriff brings a wealth of experience, drawing from an extensive background in corporate transformation and strategic priority setting. She has been featured among … Read more
On behalf of Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.), Minister of State (Democratic Reform) Tim Uppal (Edmonton-Sherwood Park, Alta.) announced the government’s investment in a public-private partnership (P3) to support the construction of the North Saskatchewan River crossing, which is a critical component to the completion of the overall Northeast Anthony Henday Drive. The full … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) released the Annual Financial Report of the Government of Canada for 2011-12. The report shows a reduction in the budgetary deficit to $26.2 billion from $33.4 billion in the previous fiscal year, and a reduction of more than half from the $55.6-billion budgetary deficit recorded in 2009–10. Flaherty said … Read more
The Department of Finance announced that Canada’s official international reserves increased by an amount equivalent to U.S. $959 million during September to U.S. $68,141 million. More information is available online. Call 613-996-8080. Minister of State (Finance) Ted Menzies (Macleod, Alta.) highlighted the government’s continuing commitment to further protect consumers by improving financial literacy throughout the … Read more
The Government of Canada launched the 2012 Canada Savings Bonds Program sales campaign, which runs from Oct. 1, 2012 until Dec. 1, 2012. This year’s campaign benefits from changes to Canada Savings Bonds and Canada Premium Bonds products announced in Economic Action Plan 2012 to ensure the program responds to the savings needs of Canadians … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) highlighted adjustments to the debt strategy plan for 2012–13. These adjustments include the temporary reallocation of short-term bond issuance towards long-term bonds. Since the release of the 2012–13 Debt Management Strategy, published as part of Budget 2012, long-term interest rates have continued to fall and remain near historically low … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) highlighted the government’s commitment to increasing Canadian exports and creating the conditions necessary for businesses to better compete on a global scale. Speaking at the Canadian Council of Chief Executives’ conference “Canada in the Pacific Century,” Flaherty noted that open trade has long been a powerful engine for strengthening … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) and provincial government representatives announced their governments’ support for a public-private partnership to build the GO Transit East Rail Maintenance Facility. With significant population growth in the Greater Toronto, Ont., and Hamilton, Ont., Area, the facility is a top transit priority and will allow Metrolinx’s operating division, GO Transit, … Read more
Minister of State (Finance) Ted Menzies (Macleod, Alta.) announced that the Code of Conduct for the Credit and Debit Card Industry in Canada will be expanded to include mobile payments, and released a proposed Addendum to the Code for public consultation. Menzies said the objective of the Addendum is to ensure the code’s principles of … Read more
With the school year underway, Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) and National Revenue Minister Gail Shea (Egmont, P.E.I.) reminded Canadian families about tax relief measures available to help them save more of their money. Flaherty said as the school year starts again across Canada, students and their parents are faced with costs for textbooks, … Read more
