Chrystia Freeland News

Chris Burke and his fiancee have been less than a year away from buying their first home for the past three years.

Canada plans to sell a stake in the Trans Mountain oil pipeline to Indigenous groups through a special-purpose vehicle that will allow individual communities to buy into the enterprise.

Business and environmental groups are pushing Prime Minister Justin Trudeau’s government to quickly enact a program to guarantee carbon pricing revenue, or else lose out on the investments needed to reach Canada’s climate goals.

(Reuters) — A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns.

By Steve Scherer

enhanced Canada Workers Benefit (CWB).Low- and modest-income Canadian workers who received the CWB in 2022 will automatically receive their advance payments from the Canada Revenue Agency (CRA), Finance Minister Chrystia Freeland said Thursday.The CWB is a refundable tax credit that tops up the earnings of eligible Canadians and is indexed to inflation each year to help keep up with the cost of living, according to the government.“The Canada Workers Benefit tops up the income of up to 4.2 million hardworking Canadians—because no one working full-time should be struggling to put food on the table or to pay their rent,” Freeland said in the release.Income and other circumstances are factored in when considering Canadians’ eligibility for the CWB.Canadians are eligible for the basic amount of the CWB if they meet all the following conditions: their working income is below the net income level set for their province or territory of residence; they have been a Canadian resident throughout the year; they are 19 years or older on Dec. 31, or they live with their spouse or common-law partner or their child.For CWB purposes, an eligible spouse is someone who lives with the person receiving benefits as their spouse or common-law partner on Dec.

Canadian Prime Minister Justin Trudeau is announcing a major Cabinet shake-up as he readies his team for the next federal election

By Franco Terrazzano

By Steve Scherer and David Ljunggren

Canada still plans to introduce a digital services tax in 2024 despite U.S. opposition, Finance Minister Chrystia Freeland said.

Finance Minister Nirmala Sitharaman and Canadian Deputy Prime Minister Chrystia Freeland on Sunday discussed the progress being made on ongoing bilateral trade negotiations. The two ministers met on the sidelines of the 3rd Finance Ministers and central bank governors meeting in Gandhinagar, Gujarat.

A single tweet alleging Communist Party interference was all it took for Canada to freeze ties with a China-led development bank this week. The question now is whether the United States and other allies will join Canada — and would Beijing even care?

OTTAWA — Finance Minister Chrystia Freeland says Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after a Canadian citizen tendered his resignation from the financial institution.

The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget.

The Freedom Convoy 2022 trigged shockwaves across the planet as millions tuned in to watch Canada’s truckers blockade roads to protest COVID-19 vaccine mandates and regulations. Now, with authorities trying to cut off crypto-funding to the Freedom Convoy’s organizers, many are wondering if crypto exchanges and platforms will be on the hit list soon.

Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests.

The Deputy Prime Minister and Finance Minister of Canada has claimed that banks in the country could be asked to immediately freeze or suspend the bank accounts of individuals in the country, as the “truck drivers’ protest” over Canadian COVID-19 restrictions continues.

Bitcoin (BTC) opted for fresh upside on Feb. 15 as a trip to near $40,000 saw an abrupt change of direction. 

Canada's Prime Minister Justin Trudeau invoked the Emergencies Act to curb the «Freedom Convoy» protests.

Canadian Prime Minister Justin Trudeau has invoked the Emergencies Act, which gives him the power to freeze Freedom Convoy protesters’ bank accounts and monitor “large and suspicious transactions,” including crypto.

Michelle Rempel Garner, a member of the House of Commons of Canada, has introduced a bill proposing the government set up a framework to encourage the growth of the cryptocurrency sector in the country.