Today, Finance Minister Bill Morneau announced that the Government has helped secure new, separate and voluntary commitments from three payment card networks that will lead to lower costs for small and medium-sized businesses. With lower interchange fees, businesses will be able to save money that they can use to invest, grow, and create more jobs—an important part of strengthening and growing the middle class.
Doing what it takes to help people compete and succeed is a priority for Canada’s business leaders, and for the Government of Canada. By making investments to strengthen and grow the middle class, and help create good, well-paying jobs, the Government is building an economy that will work for more and more people.
Like Canada’s business leaders, the Government of Canada is focused on doing what it takes to help people compete and succeed. That includes investing to strengthen and grow the middle class, help create good, well-paying jobs, and build an economy that works for everyone. It’s a plan that will deliver long-term economic growth, while giving people the help they need to succeed today.
The Department of Finance Canada announced today that Canada's official international reserves increased by an amount equivalent to US$52 million during July to US$81,817 million.
The Department of Finance Canada today released a set of draft legislative proposals, relating to sales, excise, and income tax measures announced in Budget 2018 that have not yet been legislated, as well as one other previously announced tax measure.
The Government of Canada's plan to invest in the middle class is delivering growth that works for everyone, according to the Organisation for Economic Co-operation and Development (OECD) Economic Survey of Canada.
Finance Minister Bill Morneau today concluded his participation in the G20 Finance Ministers and Central Bank Governors Meeting in Buenos Aires, Argentina, where Ministers met to discuss the future of work, the importance of infrastructure, as well as their ongoing efforts to combat tax evasion and avoidance.
As part of a commitment to an open, transparent and merit-based selection process for all Governor-in-Council appointments, interim appointments are sometimes required to fill immediate needs, and today Finance Minister Bill Morneau announced four such appointments:
Finance Minister Bill Morneau today welcomed the final report of the International Monetary Fund's (IMF) annual Article IV Mission to Canada, which found that the Government of Canada's plan to invest in the middle class is leading to growth that works for everyone.
In keeping with this commitment, Finance Minister Bill Morneau today announced the re-appointment of Dr. Heather Munroe-Blum as Chair of the Canada Pension Plan Investment Board (CPPIB) and the appointment of new Board member Charles “Chuck” Magro.
