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The Canadian federal government announced in 2023-24, $94.6 billion to transfer to the provinces and territories through major transfers (Canada Health Transfer, Canada Social Transfer, Equalization and Territorial Formula Financing), direct targeted support and trust funds), a $7 billion increase from the previous year, 2022-23. [2]
Canada Yes — The Canadian Parliament's bill on CETA, Bill C-30, received Royal Assent on 16 May 2017. [55] The Canadian government had indicated that the agreement would be ratified on or before 1 July 2017, [56] however dispute with the EU regarding details of implementation has delayed the ratification date. [57]
[16] The Canada Europe Roundtable for Business (CERT), founded in 1999, had been a principal advocate for a free trade agreement supported by more than 100 Canadian and European chief executives. CERT was co-chaired by former Canadian trade minister Roy MacLaren and former editor of The Economist magazine Bill Emmott.
A mechanism for the Canadian federal government to provide funds through transfer payments to the provinces has existed since Canadian Confederation, and was first enshrined in the Constitution Act, 1867 Section 119 as a mechanism for the new federal government to provide further grants to the province of New Brunswick.
The free trade agreements of Canada represents Canada's cooperation in multinational trade pacts and plays a large role in the Canadian economy. Canada is regularly described as a trading nation , considering its total trade is worth more than two-thirds of its GDP (the second highest level in the G7 , after Germany ).
Canada and Britain still continue to have close ties, however, based on shared history and culture, and share the same head of state and are both members of the Commonwealth. Canada's commitments to the rest of Europe included NATO-related forces stationed in Germany and Norway, and a series of economic agreements with the EEC starting in 1976.
The Canada Social Transfer (CST) (French: Transfert canadien en matière de programmes sociaux) is the Canadian government's transfer payment program in support of post-secondary education, social assistance, and social services, including early childhood development and early learning and childcare.
The head of the mission is the Ambassador of Canada to the European Union. Formal relations were established in 1959, with the signing of the Agreement for Cooperation in the Peaceful Uses of Atomic Energy , and were the first for the EU with any industrialized country .