| Department of Finance Canada | news releases
The Minister of Finance, the Honourable François-Philippe Champagne, today confirmed that Canada’s new countermeasures announced last week in response to the unjustified tariffs imposed by the United States on the Canadian auto industry will come into force at 12:01 a.m. on April 9.
| Department of Finance Canada | news releases
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.
| Department of Finance Canada | news releases
On March 11, the Government of Canada launched a five-year US$3.5 billion global bond.
| Department of Finance Canada | news releases
Following a dollar-for-dollar approach, Canada is imposing, as of 12:01 am, March 13, 2025, 25 per cent reciprocal tariffs on a list of steel products worth $12.6 billion and aluminum products worth $3 billion, as well as additional imported U.S. goods worth $14.2 billion, for a total of $29.8 billion. The list of additional products affected by counter tariffs includes tools, computers and servers, display monitors, sport equipment, and cast-iron products.
| Department of Finance Canada | news releases
In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
| Department of Finance Canada | news releases
Today, the Government of Canada announced the upcoming implementation of new regulatory amendments to strengthen Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) framework and ensure that it is even more robust and effective in addressing threats of financial crime.
| Department of Finance Canada | news releases
Earlier this week, the United States administration imposed unjustified tariffs on Canada, disrupting a successful trading partnership and raising costs for Americans and Canadians alike. As the federal government, we will use every tool at our disposal so Canadian businesses and workers can weather this storm. We will defend Canadian jobs.
| Department of Finance Canada | news releases
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that in response to unjustified U.S. tariffs, the Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of imported goods, beginning immediately with a list of goods worth $30 billion.
| Department of Finance Canada | news releases
Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced on behalf of the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, that the federal government proposes to extend the 15 per cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional two years, until March 31, 2027.
| Department of Finance Canada | news releases
Today, the Department of Finance released for public comment draft legislative proposals (and related explanatory notes) that would implement Budget 2024’s Electric Vehicle (EV) Supply Chain investment tax credit.
