Department of Finance Canada said Finance Minister François-Philippe Champagne completed a trip to Paris for the G7 Finance Ministers and Central Bank Governors meeting, where discussions covered the global economy, global imbalances, critical minerals, international development, financial sector stability and Russia’s war against Ukraine. On the margins, he met counterparts from Italy, Japan, South Korea and Brazil to promote stronger economic partnerships, trade opportunities and investment into Canada, and he raised increased financing for defence and security, critical minerals and the proposed Defence, Security and Resilience Bank. The minister also took part in the fifth No Money for Terror Ministerial Conference, where 60 delegations focused on the misuse of financial innovation for terrorist financing, links between terrorist financing and organized crime, and financing issues linked to territorial control. In that context, the release reiterated domestic measures already announced in Budget 2025 and the Spring Economic Update 2026, including a Trade Diversification Strategy aimed at doubling exports to overseas markets over the next decade, CAD 352.7 million over five years for a new Financial Crimes Agency with enabling legislation introduced through Bill C-29 on April 27, 2026, new measures addressing criminal abuse of cryptocurrency ATMs and money services businesses, and CAD 17.9 million over four years for the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

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