The government is amending the mortgage insurance rules to remove the requirement to apply the minimum qualifying rate on low-ratio mortgages that switch from a federally regulated lender to any new lender at renewal, effective December 16, 2024.
As part of the federal government’s commitment to economic reconciliation, the government announced in Budget 2024 that it will provide up to $5 billion in Indigenous loan guarantees to unlock access to the capital needed for Indigenous groups to make major economic investments.
The key goal of Canada’s consumer-driven banking framework is to ensure that the financial data of Canadians and small businesses is shared safely and securely. About nine million Canadians currently share their financial data by providing confidential banking credentials to service providers.
The Fall Economic Statement includes updates on investments to expand Canada’s social safety net, build more homes, and reduce the costs of essentials like child care, dental care, and prescription medications including insulin and contraceptives.
| Canada Economic Development for Quebec Regions
| news releases
Member for Duplessis, Minister of Employment and Minister Responsible for the Côte-Nord Region Kateri Champagne Jourdain is proud to confirm an investment of nearly $2.3 million from the Government of Quebec to support the launch of and operations at the Centre d’innovation du Cégep de Sept-Îles. In addition to this amount, the Government of Canada is providing $1.08 million.
Amanda Strong’s Spotted Fawn Productions/National Film Board of Canada (NFB) stop-motion animated short Inkwo for When the Starving Return will continue its festival run in the new year in the Short Film Program of the Sundance Film Festival.
| Public Services and Procurement Canada
| media advisories
Public Services and Procurement Canada acknowledges the importance of the LaSalle Causeway for local transportation and would like to provide an update of plans for the 2025 marine navigation season.
| Environment and Climate Change Canada
| media advisories
Media representatives are advised that senior government officials from Environment and Climate Change Canada and Natural Resources Canada will hold a bilingual technical briefing on the production of clean, affordable, and reliable electricity across the country.