Skip to Main content

19.4°^C Vancouver

News Entertainment Sports 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

canada-us-trade-talks-collapse-as-ottawa-vows-dollar-for-dollar-tariff-response

CanadaAug 22, 2026

U.S. Tariffs on Canadian Imports Take Effect; PM Carney Warns of Dollar-for-Dollar Hit

U.S. tariffs on Canadian imports went into effect early Saturday morning after Prime Minister Mark Carney suspended trade negotiations just minutes before the midnight deadline. "I have decided to suspend trade negotiations with the U.S. and have directed Canada’s negotiators to return to Ottawa," Prime Minister Mark Carney said. "Last-minute changes in the U.S.-proposed terms were unfair, uneconomic, and called into question the reliability of any deal. Canada will match those tariffs dollar for dollar to protect our workers and businesses." In a statement released Friday night, U.S.

18-year-old-shooting-suspect-turns-himself-in-to-burnaby-rcmp

18-year-old shooting suspect turns himself in to Burnaby RCMP

A suspect wanted in connection with a December 2025 shooting in North Burnaby has turned himself in to authorities. Burnaby RCMP said officers responded on Dec. 19, 2025, to a report of a shooting near Phillips Avenue and Woodbrook Place. A man was found suffering from gunshot wounds and was taken to hospital for treatment. The RCMP’s Investigative Support Team took over the investigation. On Dec. 25, charges were laid and an arrest warrant was issued for 18-year-old Ronin Tajali. Tajali has since surrendered to police and remains in custody awaiting a bail hearing. Police thanked the public

leaders-condemn-nanaksar-gurdwara-attack-call-for-action-against-anti-sikh-hate

AlbertaAug 21, 2026

Leaders Condemn Nanaksar Gurdwara Attack, Call for Action Against Anti-Sikh Hate

Federal NDP MP for Edmonton Strathcona Heather McPherson, along with leaders from across the country, has strongly condemned the attack at Nanaksar Gurdwara Sahib and expressed solidarity with the Sikh community. They called for a full investigation into the incident, urging authorities to take the growing anti-Sikh hatred in Canada seriously and implement stronger measures to protect places of worship. McPherson said everyone has the right to practise their religion freely and that such violent attacks are unacceptable under any circumstances. Meanwhile, Surrey-Newton MP Sukh Dhaliwal express

poilievre-warns-accepting-u-s-tariffs-could-devastate-canadas-industrial-sector

Poilievre Warns Accepting U.S. Tariffs Could Devastate Canada’s Industrial Sector

Conservative Party Leader Pierre Poilievre has lashed out at the Liberal government during ongoing Canada-U.S. trade talks in Washington, warning that accepting unilateral U.S. tariffs could devastate Canada’s industrial sector. Speaking to reporters in Kitchener, Ontario, Poilievre strongly criticized the proposed 25 per cent U.S. tariffs on steel and aluminum. He said that if Canada accepts such discriminatory terms, major Canadian businesses and factories could leave the country, causing long-term damage to the Canadian economy. Taking aim at Prime Minister Mark Carney, Poilievre said Car

AlbertaAug 21, 2026

Edmonton Nanaksar Gurdwara Stabbing Leaves Two Injured, Suspect Arrested

A stabbing incident at Nanaksar Gurdwara Sahib in Edmonton early Friday morning left two people injured. Police have arrested a suspect at the scene. According to police, the incident occurred at around 5:08 a.m. at the gurdwara located near 14 Street and Horsehills Road. The two injured individuals were treated at the scene, and their injuries were considered non-life-threatening. Police are questioning the arrested suspect, while officers continue their investigation in and around the gurdwara to ensure the safety of the congregation. Meanwhile, the World Sikh Organization of Canada said in

Related News

U.S. Tariffs on Canadian Imports Take Effect; PM Carney Warns of Dollar-for-Dollar Hit

U.S. Tariffs on Canadian Imports Take Effect; PM Carney Warns of Dollar-for-Dollar Hit

U.S. tariffs on Canadian imports went into effect early Saturday morning after Prime Minister Mark Carney suspended trade negotiations just minutes before the midnight deadline. "I have decided to suspend trade negotiations with the U.S. and have directed Canada’s negotiators to return to Ottawa," Prime Minister Mark Carney said. "Last-minute changes in the U.S.-proposed terms were unfair, uneconomic, and called into question the reliability of any deal. Canada will match those tariffs dollar for dollar to protect our workers and businesses." In a statement released Friday night, U.S.

42-Year-Old Man Charged in Immigration Fraud Case, Arrest Warrant Issued

42-Year-Old Man Charged in Immigration Fraud Case, Arrest Warrant Issued

The Canada Border Services Agency (CBSA) has laid five charges against 42-year-old Abul Qasim for allegedly helping people enter Canada illegally and committing immigration fraud. An arrest warrant has also been issued for him. According to the CBSA, Qasim previously lived in Montreal but left Canada in June 2025 and is believed to be currently outside the country. The arrest warrant was issued after he failed to appear in response to a summons issued by a Montreal court. The CBSA began investigating the alleged scheme in 2024 after receiving confidential information from Immigration, Refugees

Montreal to Equip Police with Body Cameras, Give Officers New Powers

Montreal to Equip Police with Body Cameras, Give Officers New Powers

Montreal Mayor Soraya Martinez Ferrada says police officers in the city will soon be equipped with body cameras and receive new powers to help them carry out their duties. The city plans to introduce a bylaw banning insults directed at municipal employees, including police officers. If approved, the bylaw would allow officers to issue fines to people who verbally abuse or insult them or other city employees. Martinez Ferrada made the announcement alongside Montreal’s police chief and the head of the police brotherhood. She emphasized that the proposed measure is not intended to prevent criti

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital