Finance Minister Bill Morneau is in Washington for the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group, where he will meet with his G20 colleagues to discuss global economic developments. Minister Morneau will call attention to the G7 themes of investing in growth that works for everyone, and advancing gender equality and women's empowerment—which are on Canada's agenda for meetings of G7 Finance and Development Ministers, and Central Bank Governors, taking place from May 31 to June 2 in Whistler, British Columbia.
North Korea's continued development of weapons of mass destruction (WMD) and ballistic missile delivery programs poses a grave threat to international peace and security. We remain committed to the complete, verifiable, and irreversible denuclearization of the Korean peninsula and dismantlement of North Korea's WMD and ballistic missile programs, but North Korea must match its words with concrete actions. To support this goal, we will continue to take action to impose maximum economic pressure on North Korea, in keeping with relevant United Nations Security Council Resolutions (UNSCRs).
The Government of Canada is committed to building greater confidence in Canada's strong and well-functioning financial sector. An economy that works for the middle class and those working hard to join it relies on trust and confidence in our financial institutions.
Finance Minister Bill Morneau today met with Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), in Ottawa. The two discussed ways the AIIB, and Canada as its newest member, can best support high-quality, sustainable infrastructure projects that will lead to long-term economic growth and benefits for the middle class both in Canada and in Asia.
In keeping with the Government’s commitment to openness and transparency, the Department of Finance Canada today released the 2018 Report on Federal Tax Expenditures—Concepts, Estimates and Evaluations. This report provides estimates of the fiscal cost of federal tax measures designed to ensure the proper functioning of the federal tax system and support the economic and social priorities of the Government of Canada.
Today, Finance Minister Bill Morneau and National Revenue Minister Diane Lebouthillier announced the Government of Canada's intention to propose amendments to the Income Tax Act to clarify eligibility for the CCB in respect of children being cared for under provincial/territorial kinship arrangements. The proposed amendments will ensure that individuals caring for a child under the Prince Edward Island (PEI) Grandparents and Care Providers program, or under similar kinship programs in other provinces/territories, are eligible for the CCB regardless of whether they receive financial assistance under such a program (provided they meet all other CCB eligibility criteria).
Finance Minister Bill Morneau spoke today at the Public Policy Forum's Canada Growth Summit 3: Going the Distance, on the importance of equality and shared growth as a way to strengthen and grow the middle class, and ensure Canada's competitiveness long-term.
The Department of Finance Canada announced today that Canada's official international reserves decreased by an amount equivalent to US$3,180 million during March to US$83,306 million.
Canada's Minister of Finance, Bill Morneau, will deliver remarks today at the B7 Business Summit in Québec, hosted by the Canadian Chamber of Commerce, as part of Canada's 2018 G7 Presidency. Summit participants are from leading business organizations from G7 countries.
Following a successful G20 meeting of Finance Ministers and Central Bank Governors in Argentina last week, Finance Minister Bill Morneau continued his post-budget tour in Hong Kong today, where he spoke to the Canadian Chamber of Commerce about Canada's progressive approach to building an economy that works for everyone. He underscored the need to include more women in the economy and to ensure that growth created through international trade and investment benefits those who contribute to its success.
