Flaherty Economic Update
Posted Nov 13, 2012 02:06:12 PM.
This article is more than 5 years old.
The federal
Finance Department
says the deficit will hit 26-billion dollars this year — five billion dollars more than predicted — and it expects to take a year longer to balance the books.
Finance Minister Jim Flaherty says today’s fiscal update reinforces the need to create jobs and control government spending.
Here’s what Flaherty had to say: jim flaherty
Flaherty says the key problem is a weak global economy that has depressed prices for commodities Canada sells to the world.
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