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Canada strengthens oil price cap measures to curb Russian war revenues

| Global Affairs Canada | news releases

The Honourable Anita Anand, Minister of Foreign Affairs, and the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today announced amendments to the Special Economic Measures (Russia) Regulations to further reduce revenues flowing to Russia from its oil exports. These amendments follow a commitment made by Canada on August 8, 2025, to lower the price cap for Russian oil, after the European Union and the United Kingdom announced similar measures.


Shaping Canada’s Future: Government concludes Budget 2025 consultations

| Department of Finance Canada | news releases

Today, the Government of Canada concluded its nationwide consultations ahead of Budget 2025, which will set out the federal government’s plan to support Canadians and Canadian businesses during this time of heightened global challenges while building the strongest economy in the G7.


Government of Canada launches new centre of excellence to support communities with disaster recovery

| Public Safety Canada | news releases

Today, the Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada, and Paul Kovacs, Founder and Executive Director of the Institute for Catastrophic Loss Reduction (ICLR), announced the launch of the Canadian Centre for Recovery and Resilience at ICLR’s Disaster Resilience Display Centre in Toronto.


Canadian Centre for Recovery and Resilience

| Public Safety Canada | backgrounders

The Canadian Centre for Recovery and Resilience is a partnership between the Government of Canada and the Institute for Catastrophic Loss Reduction (ICLR). The Centre is focused on helping communities recover from disasters more effectively and rebuild in ways that reduce future risks.


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