Freeland Attends G7 and G20 Meetings to Bolster Economic Growth and Support Ukraine

Ottawa, Canada – Deputy Prime Minister and Minister of Finance, Chrystia Freeland, will represent Canada at the G7 and G20 Finance Ministers’ Fall Meetings, as well as the Annual Meetings of the International Monetary Fund (IMF) and World Bank, from October 23 to 25 in Washington D.C. The discussions will focus on global economic stability, supply chain resilience, and supporting Ukraine amid its ongoing reconstruction efforts.

Freeland’s agenda includes strengthening partnerships with trusted trading allies to enhance supply chains, creating economic growth, and generating new jobs across Canada. Additionally, she will address Canada’s role in supporting Ukraine as it continues to defend itself against Russian aggression and rebuild in the aftermath. Canada has been at the forefront of efforts to make use of frozen Russian assets and has contributed CA$5 billion (US$3.7 billion) to the G7’s CA$68 billion (US$50 billion) Extraordinary Revenue Acceleration Loans for Ukraine.

Key to Freeland’s approach will be advancing Canada’s economic agenda, including tackling economic inequality. The federal government’s significant investments in early learning and child care, national dental care coverage, and access to free contraception and diabetes medication are part of the broader plan to build resilient economies both in Canada and globally.

In addition to these efforts, Freeland will also prioritize discussions on international tax cooperation and ways to enhance the global financial system.

Freeland highlighted Canada’s recent economic performance, noting, “Canada is leading the G7 in cutting interest rates four times this year and reducing inflation to target for all of this year. The wages of Canadian workers have outpaced inflation for 20 months. And the IMF expects Canada’s economic growth to be the best in the G7 next year.”

Further details on the Deputy Prime Minister’s itinerary in Washington D.C. are expected to be released shortly.

This series of high-level meetings underscores Canada’s commitment to building a fairer and more prosperous future for all Canadians, while working alongside international partners to ensure global economic stability.