G7 finance ministers to talk global trade, AI on final day of summit – National
By Matt Scace
The Canadian Press
Posted May 22, 2025 7:23 am
1 min read
Descrease article font size
Increase article font size
Finance ministers from the G7 are wrapping up their summit in Banff, Alta., with discussions including the global trade system roiled by U.S. President Donald Trump’s tariffs.
Other topics on the agenda are artificial intelligence and the war in Ukraine.Finance Minister François-Philippe Champagne and Bank of Canada governor Tiff Macklem were set to emerge later Thursday to take questions from reporters.In an interview late Wednesday, Champagne was asked about the possibility of a joint communique being issued when the event wraps up.
4:48
Canada’s finance minister in Alberta for the G7 finance ministers meeting
“I’ve always said it is easier to predict the past than the future. We had a very good day of discussions, a very good engagement,” he said, adding he was “very optimistic.”
Trending Now
Ontario could have half-a-trillion dollar debt by 2027. It would set a record
The secret to faster hip and knee surgeries? Fixing referrals, study says
Story continues below advertisement
Champagne had bilateral meetings with France and Italy and a late evening meeting with U.S. Treasury Secretary Scott Bessent.
Get breaking National news
For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
“I am always reminded Canada is the largest customer of the United States. We buy the most from the U.S. We have a very deep trading relationship.”The summit is happening as Trump appears to be seeking trade pacts with countries that he has imposed tariffs on, although the finance ministers haven’t said they expect to settle deals with the United States during the meeting.The countries are scheduled to gather again in the Rockies for the G7 Leaders’ Summit in nearby Kananaskis, Alta., from June 15 to 17.
More on Canada
More videos
© 2025 The Canadian Press