Press Release Department: Federal - Finance Canada

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced the appointment of Elizabeth Whitsitt as a member of the Canadian International Trade Tribunal for a five-year term. The full release is available online. Contact Katherine.Cuplinskas@fin.gc.ca. Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced an investment of nearly $2.4 million to retrofit the TD Futures … Read more

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced an investment of nearly $2.4 million to retrofit Evergreen Brick Work in Toronto, Ont. In addition, Evergreen Brick Works is providing just over $900,000 through corporate donors, fundraising and its own funds. The full release is available online. Contact Katherine.Cuplinskas@fin.gc.ca.

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced a series of measures to level the playing field for Canadian workers and allow Canada’s EV industry and steel and aluminum producers to compete in domestic, North American, and global markets: The Government of Canada intends to implement a 100 per cent surtax on … Read more

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) visited Shell Canada’s Polaris Carbon Capture project in Scotford, Alta., which is now moving forward due to the federal government’s Carbon Capture, Utilization, and Storage investment tax credit. The full release is available online. Contact Katherine.Cuplinskas@fin.gc.ca.

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) visited Advantage Energy’s Glacier plant in Alberta’s Peace Country, the world’s first abated natural gas facility. She highlighted how the Canada Growth Fund’s $200 million investment and carbon contract for difference are enabling Calgary’s Entropy Inc. to implement carbon capture and sequestration technology. The full release … Read more

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) welcomed the announcement of the Canada Growth Fund’s seventh investment. The Canada Growth Fund today announced an investment of up to US$100 million (C$137 million) in Svante, a leading Canadian clean tech company that manufactures filters and carbon capture machines capable of trapping and removing CO2 from heavy-emitting industries, such as … Read more

The Group of Creditors of Ukraine welcomes the agreement in principle reached between Ukraine and its bondholders on Eurobond Debt Restructuring Terms. The Group confirms it is comfortable with the agreement that has been confirmed by the IMF staff as compatible with the debt sustainability objectives of Ukraine’s Extended Fund Facility under the baseline macroeconomic framework of … Read more

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced that as of August 1, 2024, lenders will be able to begin to offer 30 year amortizations for insured mortgages for first-time homebuyers purchasing new builds, providing younger Canadians with more affordable monthly mortgage payment options. Extending amortizations by up to five years will … Read more

Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) visited Markham District Energy to highlight how federal investments are expanding affordable, low-carbon energy network to more residents and businesses in Markham, Ont. The federal government also announced an additional investment of $24.9 million in Markham District Energy. This investment will significantly reduce the energy network’s … Read more

The Department of Finance launched consultations on the Budget 2024 commitment to establish an opt-in framework for interested Indigenous governments to impose their own Fuel, Alcohol, Cannabis, Tobacco, and Vaping (FACT) value-added sales taxes. Expanding opt-in tax jurisdiction would enable Indigenous governments to better exercise their tax jurisdiction with more flexibility. Indigenous governments, organizations, and associations, … Read more