Finance ministers and central bank governors from the Group of Seven nations pledged to address "excessive imbalances" in the global economy, Bloomberg News reported on Thursday, citing a draft communique.

Finance ministers from the G7 are wrapping up their summit in Banff, Alta., with discussions including the global trade system roiled by U.S. President Donald Trump's tariffs.

The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in Ukraine.

Tariffs are an expected topic of discussion at a meeting of the top U.S. and Canadian finance advisers late Wednesday at the G7 gathering in Canada's Alberta province.

Federal prisons won't be used to house inmates displaced by the G7 summit in Alberta in June. The province says it doesn't plan to manage its prison populations the same way it did the last time world leaders met in Kananaskis,

Finance leaders from the G7 met in Canada to address tensions over U.S. tariffs while finding common ground on issues like Ukraine and financial crimes. Despite challenges, there were efforts towards compromise,

G7 finance ministers and central bank governors meet in Banff, Canada, from Tuesday to Thursday this week. Click to read.

Monday's wobble in U.S. stocks and bonds on the latest U.S. sovereign credit rating cut seemed to calm quickly, but the dollar remained under pressure and bond markets across the G4 were on edge. Debt worries are beginning to rankle more broadly.

U.S. Treasury Secretary Scott Bessent and Canadian Finance Minister Francois-Philippe Champagne are scheduled to hold a bilateral meeting late Wednesday on the sidelines of the Group of Seven finance and central bank meeting.