Today, the Honourable Jill McKnight, Minister of Veterans Affairs and Associate Minister of National Defence, on behalf of the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed a strategic investment of up to US$65 million (approximately C$89.6 million) by the Canada Growth Fund in Mangrove Water Technologies Inc. (“Mangrove Lithium”), as part of a US$85 million structured financing package with BMW i Ventures and Breakthrough Energy Ventures.
The Honourable Jill McKnight, Minister of Veterans Affairs and Associate Minister of National Defence, on behalf of the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will welcome an important investment in support of building Canada’s clean economy. A media availability and tour of the facility will follow.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will be in Washington D.C. on January 11 and 12 to participate in a series of meetings with his G7 counterparts and other like-minded countries on trade.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today co-chaired the last meeting of G7 Finance Ministers and Central Bank Governors under Canada’s G7 Presidency, alongside Tiff Macklem, Governor of the Bank of Canada.
Tariffs coupled with low global diamond prices, inflationary pressures, and sustained supply chain bottlenecks are proving a challenge to navigate. That’s why the government is responding with a loan to support the Ekati Diamond Mine in the Northwest Territories.
The Government of Canada is committed to mobilizing public and private capital to promote investment in sustainability, as part of the transition to net-zero. Budget 2025 reconfirmed the government’s support for the arm’s-length development of made-in-Canada sustainable investment guidelines, also known as a taxonomy, and committed to the selection of an external organization to lead it by the end of the year.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today concluded a successful European visit to France, the United Kingdom, and Germany during which he reinforced Canada’s commitment to shared economic prosperity, resilient supply chains, and stronger transatlantic collaboration.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will hold a media callback following his travel to Europe to advance partnerships, economic development and collaboration opportunities on both sides of the Atlantic.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will travel to Europe from December 15 to 18 to meet with European government counterparts, officials, business leaders, and strategic partners to reinforce Canada’s commitment to shared economic prosperity, resilient supply chains, and strengthened collaboration on both sides of the Atlantic.
