Next week, from July 16 to 18, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend meetings of the G7 and G20 Finance Ministers and Central Bank Governors in Gandhinagar, India.

At these meetings, the Deputy Prime Minister will work with Canada’s allies and partners to enhance cooperation on global economic challenges, including steady growth and stable inflation, securing essential supply chains, building the clean economy, and ensuring international tax fairness.

In the face of Putin’s illegal full-scale invasion of Ukraine, the Deputy Prime Minister will continue working with Canada’s allies to support Ukraine and to hold Russia accountable for its crimes.

An itinerary of events will be released in advance of the meeting.

Quote

“These meetings are an opportunity for Canada to work with our partners in order to tackle the economic challenges facing Canadians and people around the world, and to strengthen economic ties with our allies in order to create new opportunities for Canadian workers and businesses. At the same time, we will remain resolute in our defence of the rules-based international order, and work with our allies to continue holding Russia accountable for its illegal and barbaric full-scale invasion of Ukraine.”

Quick Facts

• As of June 2023, 950,000 more Canadians are employed compared to before the pandemic.
• Both the IMF and the OECD project that Canada will have the strongest economic growth in the G7 in 2023 and 2024.
• As of May 2023, inflation in Canada has fallen to 3.4 per cent—down from 4.4 per cent in April, and from a high of 8.1 per cent last June.
• At 1.4 per cent in 2023, Canada’s deficit-to-GDP ratio is the lowest in the G7, and is expected to continue to decline in the years ahead. Canada also maintains the G7’s lowest net debt-to-GDP ratio.