For too many Canadian individuals and businesses, extortion is a reality of everyday life—one that brings fear, intimidation, and harm to communities and families alike and that undermines Canadians’ sense of safety. These crimes are typically carried out by organized networks operating across borders and using digital platforms. That’s why coordinated action between governments, law enforcement, and financial institutions is essential and at the heart of today’s announcement.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed a strategic commitment to invest up to US$85 million (approximately C$116 million) by the Canada Growth Fund as part of a broader transaction to acquire and turn around the Vale Base Metals Thompson Mine Complex.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, concluded a productive visit in Brussels, Belgium, to reiterate Canada’s commitment to shared economic prosperity and strengthened collaboration on both sides of the Atlantic. Throughout this visit, Minister Champagne solidified Canada’s strengths as a key partner in transatlantic trade, security, innovation, and defence, while reinforcing a shared commitment to global economic prosperity.
As committed to in Budget 2025, the Department of Finance Canada today launched consultations on the possibility of introducing a domestic content requirement under the Clean Technology and Clean Electricity investment tax credits (ITCs).
While in Brussels, Minister Champagne will address the Eurogroup at a session on navigating global imbalances in the context of geo-economic risks. This marks a milestone as it is the first time a Canadian Finance Minister has been invited to participate in a meeting of the Eurogroup. The Eurogroup is an informal body that ensures close coordination of economic policies among the euro area member states and promotes conditions for stronger economic growth. It provides a key platform for Canada to align on growth strategies with its closest allies.
This week, the Government of Canada successfully priced its sixth issuance of a Canadian-dollar-denominated green bond, raising $2 billion in a new 10-year offering.
Today in Miramichi, the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), took part in an event to highlight how the government is working to make life more affordable, and delivering significant new support for those most affected by the rising price of food.
The Department of Finance today released for consultation draft legislative proposals to implement a range of previously announced tax measures. The proposed changes aim to clarify and improve tax rules, close gaps to prevent tax avoidance, and ensure existing measures work as intended.
