Today, the Honourable François-Philippe Champagne, Minister of Finance, hosted a virtual meeting with provincial and territorial Finance ministers to discuss the unwarranted and unreasonable tariffs imposed by the United States.
The Government of Canada has made regulations that cease the application of the federal fuel charge, effective April 1, 2025, and is also removing requirements for provinces and territories to have a consumer-facing carbon price as of that date.
Today, the Honourable François-Philippe Champagne, Minister of Finance and the Honourable Anita Anand, Minister of Innovation, Science and Industry announced the launch of a 30-day public consultation on possible trade measures to protect against the threat of diversion of steel products from third countries into the Canadian market as a result of the recent trade measures by the U.S.
Yesterday, the Honourable François-Philippe Champagne, Minister of Finance joined Chris Forbes, Deputy Minister of Finance, to host a briefing with more than 400 Canadian industry and labour stakeholders, as well as provincial and territorial representatives, on Canada-U.S. economic issues. Arun Alexander, Canada’s Deputy Ambassador to the United States of America, also joined the call.
Canada is strongest when all orders of government work together. The Minister welcomed the active role of the premiers and their provincial and territorial governments in addressing the tariff issue.
The Honourable François-Philippe Champagne, Minister of Finance, will host a meeting with provincial and territorial Finance Ministers in Montréal, Quebec.
| Innovation, Science and Economic Development Canada
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Since its launch in 2017, the Strategic Innovation Fund (SIF) has supported collaboration between businesses, research institutions and non-profit organizations to drive growth in key emerging technology sectors. It funds business-led projects in areas where Canada has an economic advantage, such as cleantech, life sciences, agriculture/agri-food, mining and aerospace. Over the years, SIF networks have supported over 750 small and medium-sized enterprises (SME) that have created over 1,200 jobs and attracted over $1.7 billion in investment.