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Canada's Role in the G7 and Global Economic Stability

WHAT'S THE STORY?

What's Happening?

Canada is a member of the Group of Seven (G7), an informal grouping of advanced democracies that meets to coordinate approaches to global economic stability, threats to international peace and security, and other transnational issues. Canada assumed the presidency of the G7 for the seventh time on January 1, 2025, and will host the G7 Leaders’ Summit in Kananaskis, Alberta, from June 15 to 17, 2025. Canada's presidency focuses on protecting communities, building energy security, and securing future partnerships.
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Why It's Important?

Canada's leadership in the G7 allows it to advance both domestic and international priorities, influencing global economic and security policies. The presidency provides an opportunity to address pressing global issues, such as energy security and digital transition, while promoting Canadian values and interests. Canada's engagement with diverse stakeholders, including Indigenous partners, enhances its ability to shape the G7 agenda and foster international cooperation.

What's Next?

Canada will host various ministerial meetings throughout its presidency, focusing on finance, foreign affairs, and other critical areas. These meetings will culminate in joint communiqués or action plans, reflecting the G7's consensus-based approach to global challenges.

Beyond the Headlines

Canada's presidency highlights the importance of inclusive dialogue and collaboration in addressing global issues. By engaging with civil society and international partners, Canada aims to promote a rules-based multilateral trading system and strengthen alliances.

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