BANFF — Canada's Finance Minister François-Philippe Champagne said Friday there's a sense of unity after emerging from a summit with his counterparts across the G7.
The group of finance ministers and central bankers gathered this week in Banff, Alta., ahead of the G7 leaders' summit set for next month in nearby Kananaskis.
The finance group came out with a joint communique emphasizing a commitment to strong economic relationships in a period of global trade uncertainty.
“The best proof of unity is that we have a joint communique," Champagne said.
The summit was about going "back to basics," Champagne added. He said the assembled ministers found "common ground" on issues such as combatting financial crime and support for Ukraine in its war against Russia.
The group also agreed on the need to monitor and assess risks that artificial intelligence development could pose to financial stability.
U.S. Treasury Secretary Scott Bessent was among those at the meeting.
The United States continues to wage a trade war sending shock waves across global markets, but tariffs are not mentioned in the communique.
This report by The Canadian Press was first published May 22, 2025.
Craig Lord, The Canadian Press
