Chrystia Freeland on Canada Growth Fund, CPP Meeting, Bank of Canada Rate

Chrystia Freeland, the deputy prime minister and minister of finance, visits Calgary to announce a $90-million investment under the Canada Growth Fund (CGF) for Eavor Technologies to help scale up its emissions-reducing technology. The Calgary-based geothermal energy company is the first recipient to receive funding from the CGF. The $15-billion federal program was created in 2022 to support clean economy initiatives. John Redfern (president and CEO, Eavor Technologies), Deborah Orida (president and CEO, PSP Investments), Rebecca Schulz (Alberta minister of environment), and Patrick Charbonneau (president and CEO, CGF Investment Management) also take part in the news conference at Eavor's headquarters.

Freeland is asked by reporters on Ontario Finance Minister Peter Bethlenfalvy's call for her to convene a meeting with the country's finance ministers to discuss Alberta's proposed withdrawal from the Canada Pension Plan. She confirms that a meeting will be held to address the concerns with Alberta's proposal. The deputy prime minister also responds to questions about the Bank of Canada's decision to keep its key interest rate at five per cent due to increased inflationary risks. (October 25, 2023) (no interpretation)