Government bolsters Canada’s foreign reserves by issuing US-dollar global bond
| Department of Finance Canada | news releases
On March 11, the Government of Canada launched a five-year US$3.5 billion global bond.
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Canada responds to unjustified U.S. tariffs on Canadian steel and aluminum products
| Department of Finance Canada | news releases
Following a dollar-for-dollar approach, Canada is imposing, as of 12:01 am, March 13, 2025, 25 per cent reciprocal tariffs on a list of steel products worth $12.6 billion and aluminum products worth $3 billion, as well as additional imported U.S. goods worth $14.2 billion, for a total of $29.8 billion. The list of additional products affected by counter tariffs includes tools, computers and servers, display monitors, sport equipment, and cast-iron products.
Government of Canada plans to issue US-dollar global bond
| Department of Finance Canada | news releases
In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
Government strengthens Canada’s anti-money laundering framework with new regulatory amendments
| Department of Finance Canada | news releases
Today, the Government of Canada announced the upcoming implementation of new regulatory amendments to strengthen Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) framework and ensure that it is even more robust and effective in addressing threats of financial crime.
Fighting for Canadian workers and businesses
| Department of Finance Canada | news releases
Earlier this week, the United States administration imposed unjustified tariffs on Canada, disrupting a successful trading partnership and raising costs for Americans and Canadians alike. As the federal government, we will use every tool at our disposal so Canadian businesses and workers can weather this storm. We will defend Canadian jobs.
Canada announces robust tariff package in response to unjustified U.S. tariffs
| Department of Finance Canada | news releases
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that in response to unjustified U.S. tariffs, the Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of imported goods, beginning immediately with a list of goods worth $30 billion.
Government extending support for mineral exploration in Canada
| Department of Finance Canada | news releases
Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced on behalf of the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, that the federal government proposes to extend the 15 per cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional two years, until March 31, 2027.
Government of Canada consulting on draft legislative proposals to implement Budget 2024’s Electric Vehicle Supply Chain investment tax credit
| Department of Finance Canada | news releases
Today, the Department of Finance released for public comment draft legislative proposals (and related explanatory notes) that would implement Budget 2024’s Electric Vehicle (EV) Supply Chain investment tax credit.
Canada successfully prices 7-year green bond to raise $2 billion
| Department of Finance Canada | news releases
This week, the Government of Canada successfully priced its third new issuance of Canadian-dollar-denominated green bonds. This $2 billion issuance of a 7-year bond is part of a commitment to regular green bond issuances. This issuance is the fourth offering of Canadian-dollar-denominated green bonds following the prior issuances of a 10-year, $4 billion green bond in February 2024, which was re-opened in October 2024 for an additional $2 billion, and Canada’s first 7.5-year, $5 billion green bond in March 2022.
Government launches new intelligence sharing partnership focused on fentanyl trafficking and other criminal use of funds
| Department of Finance Canada | news releases
Yesterday, the Government of Canada convened the first working meeting of the new Integrated Money Laundering Intelligence Partnership (IMLIP). This new partnership will support the permissible sharing of money laundering and organized crime intelligence between law enforcement and Canada’s big banks. Canada’s newly appointed Commissioner of Canada’s Fight Against Fentanyl, Kevin Brosseau, launched the inaugural meeting and gave opening remarks.
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