Canada's Flaherty cites U.S. fiscal woes as potential threat

September 12, 2012

The following is excerpted from the 11 September 2012 edition of Reuters Canada.

Canadian Finance Minister Jim Flaherty said on Tuesday there is growing concern about the ability of the United States to tighten its budget as needed while continuing to grow, and said this and the European debt crisis could seriously harm Canada.

"While we are not currently facing the depths of the downturn of a few years ago, the global economy remains stubbornly fragile. Any potential offshore setbacks could generate serious adverse impacts on Canada," Flaherty said in a speech in St. John's, Newfoundland.

This article is available in its entirety at:
http://ca.reuters.com/article/domesticNews/idCABRE88A11I20120911

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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