Finance Minister François-Philippe Champagne, who is in Switzerland for the World Economic Forum, took questions Tuesday about U.S. President Donald Trump's proposed 'Board of Peace' and what type of role, if any, Canada should have. Canada 'is not going to pay' to join Trump's 'Board of Peace,' Champagne saysFinance Minister François-Philippe Champagne said on Tuesday that Ottawa does not 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." "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. A federal official earlier told CBC News that Canada has not been asked to pay at this time and would not do so. UAE among 1st countries formally signing onOther world leaders have exercised some caution as the details have not been finalized.

Source: CBC News January 21, 2026 08:42 UTC