Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) told a business audience in St. John’s that, while Canada continues to have strong economic and fiscal fundamentals, Canada’s economy remains vulnerable to global risks. Flaherty told the St. John’s Board of Trade that whole the Canadian economy has achieved the best performance on jobs and growth among G-7 … Read more
The Department of Finance announced that Canada’s official international reserves increased by an amount equivalent to U.S. $861 million during August to U.S. $67,182 million. The full release is available online. Call 613-996-8080. Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) issued a statement on Canada’s performance in the World Economic Forum’s 2012–13 Global Competitiveness Report. Flaherty … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) released the Fiscal Monitor for June 2012. There was a budgetary deficit of $1.1 billion in June 2012, compared to a deficit of $2.3 billion in June 2011. Revenues increased by $0.8 billion, or 4.2 per cent, largely reflecting increases in personal and corporate income tax revenues. Program expenses … Read more
Minister of State (Finance) Ted Menzies (Macleod, Alta.) attended the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting, where he promoted sustainable growth and financial literacy with Canada’s APEC partners. Finance ministers discussed issues related to the global economy, including economic reforms countries are implementing within the context of plans agreed to in the G-20. Menzies … Read more
The statement of G7 finance ministers is available on Finance Canada's website.
Minister of State (Finance) Ted Menzies (Macleod, Alta.) announced new funding for the Canada Gairdner International Awards at the MaRS Centre in Toronto, Ont. This new funding is in recognition of the Gairdner Foundation’s outstanding achievements and breakthrough discoveries. The government is providing an additional $2 million over the next five years to support the … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, Ont.) announced the Government of Canada will forgive approximately $130 million (US$130.6 million) owed by Côte d’Ivoire through the Canadian Debt Initiative. Flaherty said with this relief, Canada has now cancelled over $1 billion of debt owed by the world’s poorest and most heavily indebted countries. The full release is … Read more
Minister of State (Finance) Ted Menzies (Macleod, Alta.) spoke to the Burlington Chamber of Commerce about how Pooled Registered Pension Plans (PRPPs) will offer an innovative new private pension option for the millions of Canadians currently without access to a workplace pension plan. Menzies said the government is committed to ensuring that Canada’s retirement income … Read more
The Agreement between Canada and the Republic of Costa Rica for the exchange of information on tax matters entered into force on Aug. 14, 2012. The agreement was signed on Aug. 11, 2011. The agreement has effect in accordance with the provisions of Article 12 of the agreement. Call 613-995-2980. Minister of State (Finance) … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) issued a statement in response to Moody’s Investors Service’s annual report, which reaffirmed Canada's top credit rating. Flaherty said the government is pleased that Moody’s reaffirmed Canada’s top credit rating and praised Canada’s fiscal position, when compared to most other top-rated sovereigns. Flaherty added that Moody’s has recognized Canada’s … Read more
