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Canadian Finance Minister
The minister of finance () is the minister of the Crown in the Canadian Cabinet, who is responsible for overseeing the Department of Finance and presenting the federal government's budget each year. It is one of the most important positions in the Cabinet. François-Philippe Champagne is the 42nd and current finance minister, assuming the role March 14, 2025 as a member of the new 30th Canadian Ministry of Mark Carney. Responsibilities In addition to being the head of the Department of Finance, the minister of finance is also the minister responsible for: *Bank of Canada *Canada Deposit Insurance Corporation *Canada Development Investment Corporation *Canada Pension Plan Investment Board *Canadian International Trade Tribunal *Office of the Superintendent of Financial Institutions *Financial Transactions and Reports Analysis Centre of Canada *Mission to the International Monetary Fund (serving as "Governor" voter) *Serving as a permanent member of the Treasury Board of Can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François-Philippe Champagne
François-Philippe Champagne (; born June 25, 1970) is a Canadian politician who has been Minister of Finance (Canada), Minister of Finance since March 14, 2025. A member of the Liberal Party of Canada, Liberal Party, Champagne was elected to the House of Commons of Canada, House of Commons in the 2015 Canadian federal election, 2015 election, serving as the Member of Parliament (Canada), member of Parliament (MP) for Saint-Maurice—Champlain. Champagne joined Cabinet of Canada, Cabinet in 2017 when Prime Minister of Canada, Prime Minister Justin Trudeau named him to be the Minister of International Trade (Canada), minister of international trade. He then served as the Minister of Infrastructure and Communities, minister of infrastructure and communities from 2018 to 2019 before becoming the Minister of Foreign Affairs (Canada), minister of foreign affairs. In 2021, he became Minister of Innovation, Science and Industry, minister of innovation science and industry. Prime Ministe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Carney
Mark Joseph Carney (born March 16, 1965) is a Canadian politician and economist who has served as the 24th and current Prime Minister of Canada, prime minister of Canada since 2025. He has served as Leader of the Liberal Party of Canada, leader of the Liberal Party and Member of Parliament (Canada), member of Parliament (MP) for Nepean (federal electoral district), Nepean since 2025. Carney was born in Fort Smith, Northwest Territories, and raised in Edmonton, Alberta. He graduated with a bachelor's degree in economics from Harvard University in 1987 before studying at the University of Oxford, where he earned a master's degree in economics in 1993 and a doctorate in economics in 1995. He then held a number of roles at the investment bank Goldman Sachs, before joining the Bank of Canada as a deputy governor in 2003. In 2004, he was named as a senior associate deputy minister (Canada), deputy minister for the Department of Finance Canada. Carney served as the eighth governor of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unionist Party (Canada)
The Unionist Party was a centre to centre-right political party in Canada, composed primarily of former members of the Conservative party with some individual Liberal members of Parliament. It was formed in 1917 by MPs who supported the " Union government" formed by Sir Robert Borden during the First World War, who formed the government through the final years of the war, and was a proponent of conscription. It was opposed by the remaining Liberal MPs, who sat as the official opposition. The Unionist Party continued to exist until 1922, at which time the Conservative elements re-formed the Conservative party. Formation In May 1917, Conservative Prime Minister Borden proposed the formation of a national unity government or coalition government to Liberal leader Sir Wilfrid Laurier in order to enact conscription and to govern for the remainder of the war. Laurier rejected this proposal because of the opposition of his Quebec MPs and fears that Quebec nationalist leader Henr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party Of Canada (1867–1942)
The Conservative Party of Canada () was a major federal political party in Canada that existed under that name from 1867 before being renamed the Progressive Conservative Party in 1942. The party adhered to traditionalist conservatism and its main policies included strengthening relations with Great Britain, nationalizing industries, and promoting high tariffs. The party was founded in the aftermath of Canadian Confederation and was known as the " Liberal-Conservative Party" until it dropped "Liberal" from its name in 1873. Primarily under the leadership of John A. Macdonald, the Conservatives governed Canada from 1867 to 1873 and from 1878 to 1896. During these two periods of governance, the party strengthened ties with Great Britain, oversaw the construction of the Canadian Pacific Railway, significantly expanded Canada's territorial boundaries, and introduced the National Policy of high tariffs to protect domestic industries. During its third period of governance fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal-Conservative Party
The Liberal-Conservative Party () was the formal name of the Conservative Party of Canada until 1917, and again from 1922 to 1938. Prior to 1970, candidates could run under any label they chose, and in many of Canada's early elections, there were both "Liberal-Conservative" and "Conservative" candidates; however, these were simply different labels used by candidates of the same party. Both were part of Sir John A. Macdonald's government and official Conservative and Liberal-Conservative candidates would not, generally, run against each other. It was also common for a candidate to run on one label in one election and the other in a subsequent election. History The roots of the name are in the coalition of September 11, 1854 in which moderate Reformers and Conservatives from Canada West joined with '' bleus'' from Canada East under the dual premiership of Sir Allan MacNab and A.-N. Morin. The new ministry committed to secularizing Clergy reserves in Canada West and abolishin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Party Of Canada
The Liberal Party of Canada (LPC; , ) is a federal political party in Canada. The party espouses the principles of liberalism,McCall, Christina; Stephen Clarkson"Liberal Party". ''The Canadian Encyclopedia''. and generally sits at the Centrism, centre to Centre-left politics, centre-left of the Politics of Canada, Canadian political spectrum, with their main rival, the Conservative Party of Canada, Conservative Party, positioned to their Right-wing politics, right and the New Democratic Party positioned to their Left-wing politics, left. The party is described as "big tent",PDF copy at UBC Press. practising "brokerage politics", attracting support from a broad spectrum of voters. The Liberal Party is the longest-serving and oldest active federal political party in the country, and has dominated th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasury Board Of Canada
The Treasury Board of Canada () is the Cabinet committee of the Privy Council of Canada which oversees the spending and operation of the Government of Canada and is the principal employer of the core public service. The committee is supported by the Treasury Board of Canada Secretariat, its administrative branch and a department within the government itself. The committee is chaired by the president of the Treasury Board, currently Shafqat Ali, who is also the minister responsible for the Treasury Board of Canada Secretariat. Role The Canadian Cabinet is arranged into several committees with varying responsibilities, but all other ones are informal structures and frequently change. Currently organized under the '' Financial Administration Act'', the Treasury Board is the only one created by law and is officially a committee of the Privy Council. Its role in government makes it far more powerful than most Cabinet committees as it is responsible for "accountability and ethics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Transactions And Reports Analysis Centre Of Canada
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC; ) is the national financial intelligence agency of Canada. FINTRAC was established in 2000 under the Proceeds of Crime (Money Laundering) Act to facilitate detection and investigation of money laundering. Its mandate was expanded in December 2001 following amendments to the Proceeds of Crime Act to also disclose financial intelligence to other Canadian intelligence and law enforcement agencies with respect to suspected terrorist financing. FINTRAC's mandate was further expanded in 2006 under Bill C-25 to enhance the client identification, record-keeping and reporting measures, established a registration regime for money services businesses and foreign exchange dealers, and created new offences for not registering. FINTRAC has been a member of the Egmont Group of Financial Intelligence Units, an international organization of financial intelligence bodies, since June 2002. Activities FINTRAC receives in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of The Superintendent Of Financial Institutions
The Office of the Superintendent of Financial Institutions (OSFI; , BSIF) is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system". It is the sole regulator of banks, and the primary regulator of insurance companies, trust companies, loan companies and pension plans in Canada. The current Superintendent is Peter Routledge, who was appointed in June 2021. He replaced Jeremy Rudin, who retired. The term of the appointment is seven years. Mandate OSFI's mandate is to protect depositors, policyholders, financial institution creditors and pension plan members, while allowing financial institutions to compete and take reasonable risks. The Office of the Chief Actuary, an independent unit operating within OSFI, provides a range of actuarial valuation and advisory services to the Government of Canada. Tools The OSFI sets the Domestic Stability Buffer (DSB), a capital bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian International Trade Tribunal
The Canadian International Trade Tribunal (CITT) is an independent quasi-judicial body operating in Canada's trade system. The administrative tribunal reports to Parliament through the Minister of Finance. The Tribunal was established on December 31, 1988, and is based in Ottawa, Ontario. The Tribunal is composed of a chairperson and up to six permanent members appointed by the Governor-in-council. Temporary members may also be appointed. It replaced the Canadian Import Tribunal. The Tribunal is mandated to act within five key areas: * Anti-dumping injury inquiries: To inquire into and decide whether dumped and/or subsidized imports have caused, or are threatening to cause, injury to a domestic industry * Procurement inquiries: To inquire into complaints by potential suppliers concerning procurement by the federal government and decide whether the federal government breached its obligations under certain trade agreements to which Canada is party * Customs and excise appeals: To h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Pension Plan Investment Board
The Canada Pension Plan Investment Board (CPPIB; ), operating as CPP Investments (), is a Canadian Crown corporation established by way of the 1997 ''Canada Pension Plan Investment Board Act'' to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP). CPP Investments is one of the world's largest investors in private equity, having invested over US$28.1 billion between 2010 and 2014 alone. Despite being a Crown corporation, CPPIB is not considered a sovereign wealth fund because it operates at arm's length from the Government of Canada and solely manages CPP contributions paid by workers and employers, not public funds. As of March 31, 2025, the CPP Investment Board manages over C$714 billion in assets under management for the Canada Pension Plan on behalf of 22 million Canadians. Canadians contributed $15.9 billion to the fund from individual payroll deductions in fiscal 2024. CPP Investments is one of Canada's top eight pension funds, nicknamed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
