Canada maintains its staunch opposition to Russia’s unjust and unprovoked war against Ukraine and unwaveringly supports the Ukrainian people’s right to defend their freedom, sovereignty, and independence.
The Honourable Anita Anand, Minister of Foreign Affairs, and the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will travel to Mexico City, Mexico from August 5 to 6, 2025 for a bilateral visit aimed at strengthening Canada’s strategic partnership with Mexico.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, held a virtual meeting with provincial and territorial Finance Ministers.
Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, met with Canada’s leading chief economists to exchange views and perspectives on the country’s economic outlook and discuss the government’s plan to build the strongest economy in the G7.
The federal deposit insurance framework safeguards vital elements of Canada’s financial system by protecting Canadians’ deposits in the unlikely event of a bank failure.
With global political and economic uncertainty abounding, strong relationships and cross-continental collaboration with reliable nations has never been more important. Canada is spearheading a new era of collaboration and partnership with nations it can trust and whose priorities it shares.
This move comes in response to both U.S. tariffs on steel and global steel overproduction, which are pushing foreign exporters to find new places to sell their steel—including Canada. Strengthening these import limits will help prevent the Canadian market from being overwhelmed with cheap steel, while still making sure Canadian businesses that rely on steel can continue to get the supply they need.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in G20 and G7 Finance Ministers and Central Bank Governors' (FMCBG) Meetings, in Durban, South Africa, from July 17 to 18.