G7 finance ministers show ‘proof of unity’ with joint statement at summit: Champagne

By Canadian Press on May 22, 2025.

BANFF — Canada’s Finance Minister François-Philippe Champagne says 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.

Champagne says the summit was about finding common ground and going back to basics.

He says the existence of the joint statement is “proof of unity” among the G7.

U.S. Treasury Secretary Scott Bessent is 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.

The Canadian Press