Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the International Monetary Fund (IMF)’s Staff Concluding Statement of the 2023 Article IV Mission, which highlighted Canada’s resilient economy, stable fiscal outlook, clean economy plan, and actions to improve housing affordability.
The Government of Canada will immediately halt all government-led activity at the Bank, and I have instructed the Department of Finance to lead an immediate review of the allegations raised and of Canada’s involvement in the AIIB.
The Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, today announced that Canada will extend the Ukraine Goods Remission Order until June 9, 2024. This will ensure the continued tariff-free import of Ukrainian goods to Canada, including steel and in-quota supply-managed goods.
Canada’s pioneering tradition of central bank independence is respected around the world, and the strength and independence of our institutions—including the Bank of Canada—is one of the fundamentals that makes Canada a safe and reliable place to do business.
Canada experienced the strongest economic growth among G7 countries in 2022. Our real GDP grew by 3.1 per cent in the first quarter of this year, which was the highest in the G7, and Canada has both the lowest deficit-to-GDP ratio and the lowest net debt-to-GDP ratio in the G7.
Our government will continue to invest in our incredible skilled workers here in Canada. We’re going to invest in the training you need to get great careers to support great lives. Our economy depends on you and our economy depends on the excellent training that you receive at places like Red River College—and at the great polytechnics across Canada.
The Government of Canada is today launching a series of consultations with Canadians on Budget 2023 measures to grow the clean economy; create new opportunities for workers; strengthen the government’s ability to fight money laundering and terrorist financing; modernize multinational business taxation to ensure tax fairness for Canadians and Canadian businesses; and consolidate Canada Mortgage Bonds into the Government of Canada’s regular borrowing program, in order to redirect savings to affordable housing programs.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Carlos Leitão to the Board of Directors of the Bank of Canada for a term ending on February 28, 2025.