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Revised (March 4, 2020) - Official International Reserves - August 6, 2019

| Department of Finance Canada | news releases

The Department of Finance Canada announced today that Canada’s official international reserves decreased by an amount equivalent to US$1,040 million during July to US$85,260 million. This was driven by reserves management funding operations (-US$204 million)1, and a net loss in investments (US$836 million)2.


Canada Has Lowest Tax Rate on New Business Investment in G7

| Department of Finance Canada | news releases

Today, Finance Minister Bill Morneau released an update on Marginal Effective Tax Rates (METRs). A METR is an estimate of how a new business investment is taxed, and can be used as a measure of competitiveness—balancing the impact of tax costs against incentives to invest.


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2017-05-26