In Budget 2025 and Spring Economic Update 2026, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
Paris, France – The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will hold a media callback following his participation in the G7 Finance Ministers and Central Bank Governors meeting and the No Money for Terror Ministerial Conference in Paris, France.
Small craft harbours are vital infrastructure for coastal and rural communities, supporting fishing and transportation, while supporting the local economies built around them. Canada's commercial fisheries, aquaculture, and seafood processing sectors support nearly 65,000 jobs — including more than 42,900 commercial fish harvesters — from coast to coast to coast. In 2025, Canada’s fish and seafood exports totaled $8.47 billion.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in the G7 Finance Ministers and Central Bank Governors meeting on May 18-19 in Paris, France.
In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to build the major infrastructure, homes, and industries that grow Canada’s economy and create lasting prosperity; empower Canadians with better careers and a more affordable life; and protect our communities, our borders, and our way of life.
As part of the Spring Economic Update 2026, the Government of Canada is proposing $957.8 million over five years, starting in 2026-27, for the Small Craft Harbours Program. This historic investment will support the repair, modernization, and climate resilience of core harbour infrastructure and is in addition to DFO’s existing annual program budget of approximately $90 million.
Québec City, Québec – On May 13, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in an event hosted by Québec International in collaboration with LE CAMP.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed an investment of up to C$145 million by the Canada Growth Fund to support the expansion of North American Lithium (Project or NAL), Canada’s largest operating lithium mine, located in Quebec’s Abitibi region, owned by Elevra Lithium Limited (Elevra).
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will visit Cap-Lumière, Shediac and Moncton to highlight the government’s plan to build a stronger, more independent, and more resilient economy.
The Government of Canada is committed to appointing highly qualified candidates who are able to best serve the interests of Canadians, through open, competency-based selection processes for all Governor-in-Council appointments.