Canadian workers, the auto sector, the steel and aluminum industries, and related critical manufacturing supply chains are threatened by unfair competition from Chinese producers, who benefit from China’s intentional, state-directed policy of overcapacity and oversupply, as well as its lack of rigorous labour and environmental standards. That is why the federal government is taking further action to protect Canada’s workers and investments from China’s unfair trade policies.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Honourable Rechie Valdez, Minister of Small Business, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement, announced a comprehensive suite of measures to help small- and medium-sized businesses start up, grow, and thrive.
Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside Gary Anandasangaree, Minister of Crown-Indigenous Relations, and Olivia Chow, Mayor of Toronto, highlighted how the federal government is working with the City of Toronto to accelerate public transit for Torontonians.
Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly younger generations, buy a first home, on September 16, 2024, the federal government announced the boldest mortgage reforms in decades.
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced a suite of reforms to mortgage rules to make mortgages more affordable for Canadians and put homeownership within reach:
Canada is today launching a second 30-day consultation, from September 10, 2024, to October 10, 2024, on potential surtaxes in response to unfair Chinese trade practices.
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced the federal government is delivering $7.3 billion in grants and interest-free loans to students this academic year. The federal government’s record-high support for students is made possible by measures announced in Budget 2024:
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Elizabeth Whitsitt as a member of the Canadian International Trade Tribunal (CITT) for a 5-year term.
Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced an investment of nearly $2.4 million to retrofit the TD Futures Cities Centre at Evergreen Brick Works. Evergreen, the national non-profit that stewards the site, was incorporated in 1991 and is dedicated to transforming public spaces for people and planet. In addition, Evergreen is providing just over $1.5 million through corporate donors, fundraising and its own funds.
Canada’s auto manufacturing industry directly supports over 125,000 good-paying Canadian jobs, many of which are unionized, and our electric vehicle (EV) supply chain potential is ranked first in the world. Similarly, Canada’s steel and aluminum sectors support over 130,000 jobs across the country.
