Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Leah Anderson as the President and Chief Executive Officer of the Canada Deposit Insurance Corporation (CDIC) for a five-year term. Ms. Anderson has served as interim President and CEO of CDIC since August 2021.
Leah Anderson has served as interim President and Chief Executive Officer (CEO) of Canada Deposit Insurance Corporation (CDIC) since August 2021. Effective August 16, 2023, she will be appointed as CDIC President and CEO for a five-year term.
On April 19, 2023, the Government of Canada issued a five-year US$4 billion global bond. Issuing a global bond provides funds to supplement and diversify funding sources for Canada’s liquid foreign reserves.
Today, the Government of Canada introduced Bill C-47, the Budget Implementation Act. This central piece of legislation proposes to implement many of the government’s key commitments in Budget 2023.
To this end, the Government of Canada today announced its intent to issue a US-dollar-denominated global bond tomorrow, April 19, subject to market conditions.
The most pressing threat to the global economy remains Russia’s illegal full-scale invasion of Ukraine. In addition to the direct and deplorable impacts on millions of Ukrainians, Russia’s actions are compounding economic challenges for the world’s most vulnerable, exacerbating longstanding issues of poverty, income inequality, and food insecurity.
Canada has made a remarkable recovery from the COVID recession. Canada’s economic growth was the strongest in the G7 over the last year, and today, 865,000 more Canadians are employed than before the pandemic, including 136,900 in Quebec. Inflation in Canada has fallen for eight months in a row, our unemployment rate is near its record low, and, supported by our Canada-wide system of affordable early learning and child care, the labour force participation rate for women aged 25 to 54 reached a record high of 85.7 per cent in February.
While Canada stretches nearly ten million square kilometres, from the Pacific to the Arctic to the Atlantic Ocean, there are just 39 million of us—barely a tenth the size of the United States.
“Today I chaired the first in-person meeting of the “Five Finance Ministers” hosted at the U.S. Treasury, which included my counterparts from Australia, New Zealand, the United Kingdom, and the United States."