Skip to Main content

14.02°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

May 21, 2025 2:16 PM - The Canadian Press

G7 finance ministers to discuss global economy, Ukraine at Banff summit

Share On

g7-finance-ministers-to-discuss-global-economy-ukraine-at-banff-summit

The meeting in the Rocky Mountains, which wraps up Thursday, is a prelude to the G7 leaders summit in June in nearby Kananaskis, Alta.(Photo: The Canadian Press)

Top economic officials from the G7 are gathering for a full day of closed-door discussions in Banff, Alta., to examine pressing topics including the global economy and the war in Ukraine.

The meeting in the Rocky Mountains, which wraps up Thursday, is a prelude to the G7 leaders summit in June in nearby Kananaskis, Alta.

It comes in the wake of global tariffs initiated in early April by the United States, which have caused many countries to reconsider their trading relationships.

The office of U.S. Treasury Secretary Scott Bessent says he plans to use the meeting to "focus on the need to address global economic imbalances and non-market practices."

Canadian Finance Minister François-Philippe Champagne says he's looking forward to meeting with Bessent to discuss frankly and openly how they can work together.

The G7 comprises Canada, the United States, France, Germany, Italy, Japan, the United Kingdom and the European Union as a "non-enumerated member."

Latest news

middle-east-de-escalation-must-be-priority-after-israel-attacks-iran-anand

CanadaJun 13, 2025

Middle East de-escalation must be priority after Israel attacks Iran: Anand

Foreign Affairs Minister Anita Anand says de-escalation "must be the priority" after Israel attacked Iranian missile and nuclear sites Friday and Iran warned of "severe punishment" in retaliation. The Israeli strike involved more than 200 aircraft and about 100 targets, according to Israel's military. Iran confirmed the deaths of three of its top military leaders and launched more than 100 drones at Israel in response, but Israel said the drones were being intercepted outside the country's airspace. Israeli leaders describe the attack as a pre-emptive strike to head off an imminent threat of I

summer-mcintosh-breaks-third-world-record-in-five-days

Summer McIntosh breaks third world record in five days

Canada's Summer McIntosh has broken yet another world record at the Canadian Swimming Trials in Victoria; this time, one of her own. The 18-year-old from Toronto swam the 400-metre individual medley in four minutes 23-point six-five seconds, breaking the world record she set at the Olympic trials in her hometown last May. It's the third time McIntosh has set a new world record at this year's Canadian trials, after posting a new mark in the 200 metre individual medley and the 400 freestyle.

family-says-canadian-dentist-was-aboard-air-india-flight-that-crashed-after-takeoff-2

CanadaJun 12, 2025

Family says Canadian dentist was aboard Air India flight that crashed after takeoff

The family of a dentist from Mississauga, Ont., says she is the Canadian citizen believed to be on an Air India flight that crashed shortly after takeoff on Thursday. The husband of Nirali Sureshkumar Patel confirmed she was among the 240 passengers on the London-bound flight. Patel's dental clinic referred The Canadian Press to the husband, who said that he was in the process of booking travel to India for himself and the couple's one-year-old child. He declined to provide his full name and said he wasn't in a state to speak further. The plane crashed in a residential area of India's northwes

prime-minister-carney-and-alberta-premier-smith-wont-take-in-stanley-cup-game-5

Abbotsford businessman Satwinder Sharma shot and killed in Surrey

A man was killed in a shooting incident in Surrey in broad daylight on Wednesday. Police have not confirmed the identity of the deceased, but information on social media and Connect FM's conversation with sources have revealed that 57-year-old businessman Satwinder Sharma, a resident of Abbotsford, was the victim of the incident. Satwinder Sharma had been living in Canada for more than three decades. Officers were called to a business near 84 Avenue and 160 Street at around 3:45 p.m. on Wednesday, Surrey police said. Officers found a man with serious injuries at the scene and paramedics were u

rcmp-continue-investigation-into-fatal-boating-collision-remaining-witnesses-urged-to-speak-up

CanadaJun 12, 2025

RCMP Continue Investigation into Fatal Boating Collision; Remaining Witnesses urged to Speak Up

North Vancouver RCMP continue to investigate a fatal boat collision and are calling on witnesses to come forward.On June 7, 2025, North Vancouver RCMP responded to reports of a serious collision involving a speedboat and an inflatable tube with two children on it. Sadly, one child died as a result, and a second child was airlifted to a nearby hospital in critical condition. The second child remains in hospital. Police are unable to provide further details on the condition of the second child.The boat operator was arrested on scene and has since been released on an Undertaking to Appear (UTA),

Related News

Middle East de-escalation must be priority after Israel attacks Iran: Anand

Middle East de-escalation must be priority after Israel attacks Iran: Anand

Foreign Affairs Minister Anita Anand says de-escalation "must be the priority" after Israel attacked Iranian missile and nuclear sites Friday and Iran warned of "severe punishment" in retaliation. The Israeli strike involved more than 200 aircraft and about 100 targets, according to Israel's military. Iran confirmed the deaths of three of its top military leaders and launched more than 100 drones at Israel in response, but Israel said the drones were being intercepted outside the country's airspace. Israeli leaders describe the attack as a pre-emptive strike to head off an imminent threat of I

Summer McIntosh breaks third world record in five days

Summer McIntosh breaks third world record in five days

Canada's Summer McIntosh has broken yet another world record at the Canadian Swimming Trials in Victoria; this time, one of her own. The 18-year-old from Toronto swam the 400-metre individual medley in four minutes 23-point six-five seconds, breaking the world record she set at the Olympic trials in her hometown last May. It's the third time McIntosh has set a new world record at this year's Canadian trials, after posting a new mark in the 200 metre individual medley and the 400 freestyle.

Family says Canadian dentist was aboard Air India flight that crashed after takeoff

Family says Canadian dentist was aboard Air India flight that crashed after takeoff

The family of a dentist from Mississauga, Ont., says she is the Canadian citizen believed to be on an Air India flight that crashed shortly after takeoff on Thursday. The husband of Nirali Sureshkumar Patel confirmed she was among the 240 passengers on the London-bound flight. Patel's dental clinic referred The Canadian Press to the husband, who said that he was in the process of booking travel to India for himself and the couple's one-year-old child. He declined to provide his full name and said he wasn't in a state to speak further. The plane crashed in a residential area of India's northwes

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital