Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is maintaining the minimum qualifying rate for uninsured mortgages that came into effect on June 1, 2021.
The objective of Canada's monetary policy is to promote the economic and financial well-being of Canadians. Experience has shown that the best way monetary policy can achieve this goal is by maintaining a low and stable inflation environment. Doing so supports a strong and inclusive labour market that provides every Canadian with opportunities for a good quality of life.
Today, the International Financial Reporting Standards (IFRS) Foundation announced that it has selected Montréal, Quebec, to be home to offices of the new International Sustainability Standards Board (ISSB).
Today, the Organisation for Economic Co-operation and Development (OECD) announced that 136 countries, including Canada, have agreed on the elements of the landmark two-pillar plan on international tax reform. The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement:
On July 23, 2021, the Deputy Prime Minister and Minister of Finance sent the letter linked below, on behalf of the Government of Canada and a coalition of over 55 Canadian public and private institutions, to the Chair of the Board of Trustees of the IFRS Foundation. The letter expresses support for the proposed International Sustainability Standards Board (ISSB) and invites the Board of Trustees to locate the ISSB headquarters in Canada.
Following the announcement yesterday that 130 countries co-signed a new two-pillar plan on international tax reform, including Canada, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance.
Statement by the Deputy Prime Minister on the final report from the Canada-British Columbia Expert Panel on the Future of Housing Supply and Affordability
Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced that, effective June 1, 2021, it will implement a new minimum qualifying rate for all uninsured mortgages.
The Office of the Superintendent of Financial Institutions (OSFI) announced today that it is restarting its consultation on the minimum qualifying rate for uninsured mortgages.
“Together with the Minister of Finance and the Public Service of Jamaica and the United Nations Deputy Secretary General, today I co-chaired a meeting of Finance Ministers from around the world to discuss proposals for the international community’s response to the COVID-19 pandemic.