François-Philippe Champagne (French pronunciation: [fʁɑ̃swa filip ʃɑ̃paɲ]; born June 25, 1970) is a Canadian politician who has been Minister of Finance since March 14, 2025. A member of the Liberal Party, Champagne was elected to the House of Commons in the 2015 election, serving as the member of Parliament (MP) for Saint-Maurice—Champlain.
Champagne joined Cabinet in 2017 when Prime Minister Justin Trudeau named him to be the minister of international trade. He then served as the minister of infrastructure and communities from 2018 to 2019 before becoming the minister of foreign affairs. In 2021, he became minister of innovation science and industry. Prime Minister Mark Carney selected Champagne to be finance minister after taking office in 2025.
Champagne was born in Greenfield Park, Quebec, Canada on June 25, 1970, and raised in Shawinigan, Quebec.[2][3] He studied law at the Université de Montréal and Case Western Reserve University School of Law. After several years working as a senior attorney for Elsag Bailey Process Automation, he joined ABB Group in 1999, eventually rising to group vice president and senior counsel. In 2008, he joined Amec PLC as a strategic development director, and was designated a "young global leader" by the World Economic Forum. Following his return to Canada, he became involved in a variety of business and non-profit ventures.
In an interview with The Globe and Mail in London, 2009, Champagne expressed his desire to eventually return to Canada and enter politics, citing fellow Shawinigan resident Jean Chrétien as an inspiration.[4] Ahead of the 2015 Canadian federal election, he was nominated as the Liberal candidate in Saint-Maurice—Champlain, a riding represented at the time by New Democratic-turned-Liberal MP Lise St-Denis, and was elected to Parliament on October 19, 2015.[5]
After his election in 2015, Champagne was appointed as parliamentary secretary to the Minister of Finance until 2017, when he was appointed Minister of International Trade.[6]
In 2018, Champagne was named Minister of Infrastructure and Communities, and oversaw the federal government’s $187 billion infrastructure investment plan.
In November 2019, Champagne became Minister of Foreign Affairs, taking the helm of Trudeau's foreign policy.
In June 2020, it was reported that Champagne had two more mortgages with the state-owned Bank of China, raising questions of potential vulnerability to foreign influence.[7]
Champagne welcomed Trump's peace agreement between Israel and the United Arab Emirates as a positive and historic step toward a peaceful and secure Middle East, adding Canada was gladdened by suspension of Israel's plans to annex parts of the occupied Palestinian territories in the West Bank.[8]
In the 2021 Canadian cabinet shuffle, Champagne was moved out of the foreign affairs portfolio, and became Minister of Innovation, Science and Industry.[9] Champagne was characterized by Politico in 2023 as "Trudeau's pitchman" for a global audience, tasked with luring would-be foreign investment in the United States to instead invest in Canada. His efforts were credited with enticing Volkswagen to construct a gigafactory in Canada rather than the U.S., a first for the company outside of Europe.[10]
In 2024, he suggested that the Competition Bureau should scrutinize Big Tech companies' activities in the payments sector. Champagne highlighted competition-related concerns associated with Apple and Google's digital wallet services.[11]
Champagne was widely considered to be a possible candidate in the 2025 Liberal Party of Canada leadership election, following the resignation of Prime Minister Justin Trudeau.[12][13] He later announced that he would not enter the leadership race to focus on defending Canadians from the threat of tariffs of the second Trump administration.[14] On January 16, he endorsed former Bank of Canada governor Mark Carney.[15]
Champagne is trilingual, speaking English, French and Italian.[4]