Today in Calgary, Finance Minister Bill Morneau spoke to business leaders at the Economic Club of Canada about the Government's June 18 decision to approve the Trans Mountain Expansion (TMX) project, and about how the approval will help further each of those goals. The Government reached the decision to approve the project after a deliberate and studied consideration, following a report and recommendations from the National Energy Board and the re-initiation of a process of consultations with potentially affected Indigenous groups.
Finance Minister Bill Morneau took the next step toward a fairer tax system by tabling a Notice of Ways and Means Motion in the House of Commons on stock options.
The Government is committed to making investments that will help grow the economy and make life more affordable for Canadians, while at the same time ensuring Canada's financial sector is able to protect Canadians' savings and reward their hard work.
Today, the Government accepted the Panel's final report, which contains 15 recommendations outlining opportunities for sustainable growth. The Government thanks the Panel for their diligence and effort, and will engage with provincial and municipal partners as it looks closely at the recommendations.
Today, the Government announced its intent to apply the federal pollution pricing fuel charge in Alberta, effective January 1, 2020, as a result of the province's May 30, 2019 repeal of its carbon levy.
Today, Finance Minister Bill Morneau spoke at the International Economic Forum of the Americas in Montréal, where he discussed Canadian competitiveness and the importance of investing in middle class jobs.
During the meeting, Minister Morneau emphasized the importance of advancing gender equality, and giving women more opportunities to work and participate fully in the economy. He also spoke about the importance of open and fair international trade to a strong global economy, highlighting how the Comprehensive and Progressive Agreement for Trans-Pacific Partnership is bringing shared benefits to both Canadians and people throughout the Asia-Pacific region.
Finance Minister Bill Morneau is in Fukuoka, Japan, this weekend to meet with his fellow G20 Finance Ministers and Central Bank Governors. At the meeting, he will share Canada’s progress on strengthening and growing the middle class, and encourage his G20 colleagues to work together to build a global economy that works for more people.
The Department of Finance Canada announced today that Canada's official international reserves increased by an amount equivalent to US$872 million during May to US$85,704 million. This was driven by reserves management funding operations (US$325 million)1 and a net gain in investments (US$547 million).2
Following through on that promise, today the Government tabled an Act to amend the Customs Tariff and the Canadian International Trade Tribunal Act. The Act would temporarily remove the two-year moratorium on the imposition of certain safeguard measures, giving the Government flexibility to act faster to stabilize Canada's steel market and protect Canadian steel workers in the case of harmful surges in imports.
