Statement by the Minister of Finance Regarding the Referendum on the United Kingdom's Membership in the European Union

June 24, 2016 – Ottawa, Ontario – Department of Finance Canada

The Minister of Finance today issued the following statement on the results of the referendum on the membership of the United Kingdom (UK) in the European Union (EU):

“Earlier today, I spoke with my G7 Finance Minister colleagues and Central Bank Governors as we continue to closely monitor developments in the world economy and global markets following results of the referendum, and we reaffirmed our confidence in the UK’s economy and financial sector.

“While some market and economic volatility can be expected, the Canadian economy is well placed and our financial institutions are well funded. Global markets are resilient and orderly, and we will continue to monitor developments in the world economy.

“We respect the choice of the British people and will remain a strong partner of the UK and the EU. Our shared histories make us natural trading partners, and I look forward to maintaining those close economic ties.”

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