Today, the Government of Canada took the next step toward ensuring that all Canadians benefit from economic growth. Finance Minister Bill Morneau tabled in the House of Commons the second Budget Implementation Act for Budget 2018, Equality + Growth: A Strong Middle Class.
To continue this momentum, and ensure that everyone has an equal and fair chance at success, Finance Minister Bill Morneau today tabled a Notice of Ways and Means Motion in the House of Commons. This motion contains outstanding tax and related measures from Budget 2018, Equality + Growth: A Strong Middle Class, and provides more help to Canadians most in need, including low-income workers, families and children.
Canada’s financial sector has an important role to play in unlocking the potential of clean growth in Canada. Sustainable finance incorporates environmental and social factors into financial decision making in order to promote sustainable economic growth and long-term financial stability. To ensure Canadians can participate in, and prosper from, the opportunities presented by sustainable finance, in April 2018 the ministers of Environment and Climate Change and Finance created the Expert Panel on Sustainable Finance.
Today, the Government of Canada announced the next steps in its climate change plan, including ensuring that there is a price on carbon pollution across Canada in 2019 and implementing a fuel charge in jurisdictions that do not have systems meeting a federal standard, or in those that voluntarily adopt it.
The Honourable Bill Morneau, Minister of Finance, and the Honourable Jim Carr, Minister of International Trade Diversification, will travel to Beijing, China, from November 10 to 13, 2018, to co-chair the Economic and Financial Strategic Dialogue (EFSD) with China, hosted by State Councillor Wang Yong and the ministers of Finance and Commerce, to strengthen the economic and financial relationship. The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-food, will also participate in the dialogue.
The Department of Finance Canada today released the Annual Financial Report of the Government of Canada for 2017–18, which provides an overview of the Government's spending and revenue performance for the previous fiscal year and discusses the factors affecting these results.
In keeping with this commitment, Finance Minister Bill Morneau today announced the appointment of Peter Routledge as President and Chief Executive Officer of the Canada Deposit Insurance Corporation (CDIC). His appointment is for a term of 5 years.
Speaking to influential global business leaders in a question and answer session at the Fortune Global Forum in Toronto, Finance Minister Bill Morneau talked about how Canada's economy is faring, and highlighted actions the Government of Canada is taking to build a stronger and more competitive economy that works for everyone.
The Parliamentary Secretary to Canada's Minister of Finance, Joël Lightbound, is in Port Moresby, Papua New Guinea, this week, where he will focus on strengthening Canada's relationship with economies in the Asia-Pacific region during the 25th Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting. The Parliamentary Secretary will emphasize Canada's approach to building a fair and open economy that gives people access to the opportunities they need to succeed.
Finance Minister Bill Morneau participated in this week's annual meetings of the G20, International Monetary Fund (IMF) and World Bank Group, where he discussed ways to promote shared and sustainable economic growth. Minister Morneau shared Canada's progress on advancing gender equality, strengthening and growing the middle class, and building an economy that works for everyone. The Minister also emphasized the importance of fair and open trade.