Deputy Prime Minister meets with U.S. Treasury Secretary Janet Yellen in New York

September 21, 2023 - New York City, New York - Department of Finance Canada

Yesterday in New York City, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, met with the United States Secretary of the Treasury, Janet Yellen.

The Deputy Prime Minister and the Secretary discussed Russia’s illegal invasion of Ukraine, and agreed on the importance of continuing their resolute commitment to ensuring Ukraine has the support it needs to defend its people, democracy, and territorial integrity. 

The Deputy Prime Minister and the Secretary discussed how Canada’s $120 billion clean economy plan and the U.S. Inflation Reduction Act can work together to maximize economic benefits and fight climate change on both sides of the border. By working together, Canada and the United States can strengthen our national economies to deliver more good middle class jobs and better paycheques for both Canadians and Americans for generations to come.

The Deputy Prime Minister highlighted that Canada and the United States are natural partners, with highly integrated and competitive supply chains, and pointed to the capacity of Canadian steel and aluminum producers to supply the materials needed to grow the clean economy of the 21^st century.

They also discussed the Organisation for Economic Co-operation and Development’s (OECD) two-pillar plan on international tax reform. The Deputy Prime Minister reiterated Canada’s priority and preference remains a multilateral approach to digital taxation.

The meeting reaffirmed the close ties and friendship between Canada and the United States. The Deputy Prime Minister and the Secretary discussed their respective work to tackle global macroeconomic challenges with modern supply side economic policies that grow the economy from the middle out, creating middle-class jobs and new opportunities for Canadians and Americans.