Minister of Finance Sees Future Growth for Canada’s Economy Despite Global Uncertainty

October 30, 2012

The following is excerpted from a 29 October 2012 news release by the Department of Finance Canada.

After meeting today with leading private sector economists, the Honourable Jim Flaherty, Minister of Finance, said real economic growth in Canada is projected to remain strong relative to other Group of Seven (G-7) countries.

“The good news is that real growth in Canada has been positive, if modest, and the economists in today’s session continue to see real growth going forward,” the Minister said. “However, Canada is not immune to the renewed weakness in the global economy, especially in Europe. In particular, Canada has been affected by lower commodity prices, which are dampening government revenue growth. This will have an impact on the fiscal outlook that was presented in Economic Action Plan 2012.”

This release is available in its entirety at:
http://www.fin.gc.ca/n12/12-134-eng.asp

Topic(s)

International Trade and Border Management

Information source

Global Affairs Canada (GAC)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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