Canadians are proud of our publicly funded health care system, which is based on need and not on ability to pay. However, prescription drugs are not covered in a consistent way across the country, and too many Canadians cannot afford the medicines they need. A recent study found that almost one million Canadians reduced spending on food and heat in order to afford their medication.
Canada’s economic success rests not only on the hard work of Canadians, but also on the ability of Canadian businesses to access the capital they need to grow, create jobs, and compete in the global marketplace.
In keeping with this commitment, Finance Minister Bill Morneau today announced the appointments of Ms. Fiona L. Macdonald, Dr. Sandip K. Lalli and Dr. Gilles Patry to the Board of Directors of the Royal Canadian Mint. These appointments are for four years.
The Government of Canada is investing in growth that works for everyone. As this year's G7 host, Canada has an opportunity to ensure growth benefits not only Canadians, but also people in need around the world.
The Department of Finance Canada announced today that Canada's official international reserves decreased by an amount equivalent to US$1,444 million during May to US$80,777 million.
Finance Minister Bill Morneau today welcomed the Concluding Statement of the International Monetary Fund's (IMF) annual Article IV Mission to Canada, which found that the Government's plan to invest to strengthen and grow the middle class has resulted in economic growth that is working for all Canadians.
Discussions among Finance Ministers and Central Bank Governors this week in Whistler, British Colombia, demonstrated what collaboration and cooperation can accomplish, but also centered around concerns expressed by many over the tariffs imposed by the United States on steel and aluminum, noting that these actions undermine business and investor confidence
Canada and its G7 partners recognize that the ambitious push needed to accelerate progress toward the achievement of global sustainable development objectives requires a step change in both the quantity and quality of financing for development, as well as the full and equal participation of women.
Today, Canada's Minister of Finance, Bill Morneau, the Minister of International Development and La Francophonie, Marie-Claude Bibeau, and the Governor of the Bank of Canada, Stephen Poloz, hosted the G7 Symposium around the theme of "Investing in Growth That Works for Everyone" at a live streamed event. The event provides a public window into the themes and discussions taking place at the G7 Finance and Development Ministers and Central Bank Governors Meeting taking place in Whistler, British Columbia until June 2.
