Finance minister says Canada will not pay $1B US if it joins Trump's 'Board of Peace'
Posted on: Jan 20, 2026 18:40 IST | Posted by: Cbc
Finance government minister François-Philippe champagne-ardenne said on tues that canadian capital does non plan to pay the $1-billion US price tag for a permanent seat on U.S. President Donald Trump's "Board of Peace" that will oversee the governance and reconstruction of Gaza.
"There [are] a lot of details to be worked out, but one thing which is clear is that Canada is not going to pay if we were to join the Board of Peace," Champagne told reporters Tuesday morning on the sidelines of the World Economic Forum in Davos, Switzerland.
Champagne's comments come after Prime Minister Mark Carney — one of the 60 world leaders asked to join the board — accepted the draft invitation, though on Sunday he said his officials hadn't gone through "all the details of the structure, how it's going to work, what the financing is for, etcetera."
A draft of the board's invitation letter calls for countries to pay $1 billion US for a permanent seat on the board.
"We're still early days [into] that what's going to be the terms of reference of that board, how it's going to operate," Champagne said.
"The prime minister will have to make the final decision when all the facts are known and all the details have been hammered out — whether this is in the best interest of Canada."
Trump invites Carney and others to join ‘Board of Peace’ for Gaza
"Canada wants money to have maximum impact," Carney told reporters. "We still do not have unimpeded humanitarian aid flows at scale to the people of Gaza."
He called that a "precondition for moving forward on this."
Other world leaders have exercised some caution as the details have not been finalized. Some countries have expressed concern about a charter attached to the Board of Peace, one that seems to see Gaza as the first of many conflicts this body would try to resolve, potentially sidelining the United Nations.
More to come
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.