Department of Finance Canada

Rule Changes

Signed the finance ministry memorandum

Canada and China had no working channel between their financial regulators for more than seven years. On November 9, in Vancouver, they signed three.

Updated 6 hours ago

Rule Changes

Co-signs the monetary policy framework

Canada's central bank will keep aiming for 2% inflation for another five years. On Nov. 5, the Bank of Canada and the federal government renewed the monetary policy framework, holding the target at the midpoint of a 1% to 3% range through the end of 2031.

Updated 2 days ago

Rule Changes

Implementing tariff remission policy

Canada's counter-tariffs on about C$28 billion of U.S. goods remain in place, at rates from 15% to 50%. The White House's October 30 changes to its 50% tariff list took effect, removing 22 product lines and adding 97.

Updated 6 days ago

Money Moves

Publishes the monthly Fiscal Monitor that reports the deficit

Canada's federal government ran a C$5.36 billion ($3.84 billion) deficit in the first five months of the 2026/27 fiscal year, down from C$11.07 billion over the same April-to-August stretch a year earlier. Revenue rose 7.1% to C$215.54 billion while program spending rose 4.7% to C$195.95 billion.

Updated Nov 1