Deputy Prime Minister Freeland meets virtually with U.S. Treasury Secretary Janet Yellen

July 2, 2021 - Ottawa, Ontario - Department of Finance Canada

The Deputy Prime Minister and Minister of Finance, Chrystia Freeland met virtually yesterday with the U.S. Treasury Secretary, Janet Yellen in advance of next week’s G20 Finance Ministers and Central Bank Governors Meeting.          

Canada and the U.S. share many priorities for the post-pandemic recovery, including support for workers and businesses, and ensuring the recovery is inclusive and equitable. The Deputy Prime Minister and Secretary Yellen discussed the importance of putting in place measures that ensure a strong recovery and increased labour force participation, including measures like early learning and child care.

Deputy Prime Minister Freeland and Secretary Yellen discussed recent progress on international taxation negotiations within the OECD Inclusive Framework and the importance of building on the agreement reached at last month’s G7 meetings. Canada is committed to a fair global minimum tax rate and the equitable allocation of taxing rights on the largest, most profitable global multinationals.

The Deputy Prime Minister and the Secretary spoke of measures to fight climate change, specifically through a price on carbon pollution. The two discussed the importance of international collaboration on climate action.

The Deputy Prime Minister and the Secretary also raised the importance of an affordable housing market for middle class Canadians and Americans.

The two agreed to continue working together in support of shared priorities. The Secretary wished Canada and Canadians a happy Canada Day.