finance minister jim flaherty

Canada’s deficit down amid sluggish economy


September 1st, 2012 - 1:46 pm ICT by IANS
Ottawa, Sep 1 (IANS) While Canada appears to be on track in reducing its budgetary deficit, global economic uncertainty could stall the government's plan, the federal Finance Department warned.For the ... Read more...

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Canada to drop penny from circulation


July 31st, 2012 - 1:18 pm ICT by IANS
Ottawa, July 31 (IANS) Canada will no longer circulate the one-cent coin as of Feb 4, 2013, Finance Minister Jim Flaherty announced.In his 2012 federal budget delivered in March, Flaherty ... Read more...

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Canada backtracks on pledge to balance budget by 2014


November 9th, 2011 - 2:16 pm ICT by IANS
Ottawa, Nov 9 (IANS) The Canadian government will not be able to keep its election promise to balance the budget in two years, Finance Minister Jim Flaherty has said.Flaherty and ... Read more...

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India, 6 other largest economies to come under G-20 scanner


April 16th, 2011 - 10:12 am ICT by IANS
Washington, April 16 (IANS) Seven of the world's largest economies including India would face a new surveillance system aimed at highlighting and rectifying flaws before they imperil growth under a ... Read more...

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India to focus on expanding ties with France: Mukherjee


February 19th, 2011 - 12:48 pm ICT by ANI
Paris, Feb 19 (ANI): India's Finance Minister Pranab Mukherjee has said that his meeting with his French counterpart Christine Lagarde were quite satisfactory and India would focus on expanding ties with ... Read more...

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Pranab Mukherjee to attend G-20 finance ministers’ meet in Paris


February 17th, 2011 - 12:19 pm ICT by ANI
New Delhi, Feb 17 (ANI) Union Finance Minister Pranab Mukherjee will leave for Paris on Thursday evening on a three-day visit to attend G-20 Finance Ministers and Central Bank Governors' meet ... Read more...

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Canada’s seeks India, China support against global bank tax


May 20th, 2010 - 1:34 pm ICT by IANS
By Gurmukh Singh Toronto, May 20 (IANS) Before G8 and G20 summits here next month can discuss a proposed global bank tax, Canada, whose banks stood out during the economic meltdown, has ... Read more...

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Canadian Money To Be Converted To Plastic


March 7th, 2010 - 8:46 pm ICT by GD
By Gina Gomez Ottawa, Mar 7, (THAINDIAN NEWS) Canadian currency is all set to get a makeover with the federal government declaring recently that the country's currency likely to be replaced by plasticized ... Read more...

Posted in World News |

Worst is over for global economy but recovery weak: G7


February 7th, 2010 - 11:23 am ICT by IANS
Toronto, Feb 7 (IANS) Finance ministers from the world's top seven industrialised (G7) nations who wound up their two-day informal chats in the Canadian Arctic city of Iqaluit admitted Saturday that the ... Read more...

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Canadian dollar on rampage, government worried


August 5th, 2009 - 9:05 am ICT by IANS
Toronto, Aug 5 (IANS) The Canadian dollar - the only among the major global currencies - is on the rampage, reaching its highest level against the US dollar in 2009 Tuesday. The loonie, ... Read more...

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India seeks n-energy ties with Canada: Montek (With Images)


April 19th, 2009 - 1:10 pm ICT by IANS
By Gurmukh Singh Toronto, April 19 (IANS) India is seeking increased nuclear cooperation with Canada to meet its growing energy demands, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here.Speaking Saturday at the ... Read more...

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Signs of economic recovery, says top Canadian bank CEO


March 25th, 2009 - 10:38 am ICT by IANS
Vancouver, March 25 (IANS) The head of Canada's top bank said Tuesday the global financial system seems to have begun stabilizing even as the country's finance minister urged more governments to follow ... Read more...

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Obama in Canada for day-long ‘working visit’


February 19th, 2009 - 11:54 pm ICT by IANS
Ottawa, Feb 19 (IANS) US President Barack Obama landed in the Canadian capital Thursday to what has been described as his "working visit" to its biggest trading partner up north. Obama was ... Read more...

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Canada’s first deficit budget in 12 yrs to stimulate economy


January 28th, 2009 - 10:15 am ICT by IANS
Toronto, Jan 28 (IANS) Taking a cue from American President Barack Obama, Canada Tuesday launched "one of the largest building projects" in its history to stimulate the recession-hit economy.Presenting the annual budget, ... Read more...

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Oil prices help Canadian markets recover 11 per cent


January 6th, 2009 - 10:27 am ICT by IANS
Toronto, Jan 6 (IANS) Higher oil prices helped the Canadian market maintain its upward trend from the New Year's first day, with energy and metal sectors posting further gains on the Toronto ... Read more...

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Economic downturn begins in Canada


December 25th, 2008 - 2:35 pm ICT by IANS
Toronto, Dec 25 (IANS) The Canadian economy shrank by 0.1 percent in October, confirming that the world's eighth largest economy is already in recession.Earlier estimates had put the decline at 0.3 percent, ... Read more...

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Canadian banks, finance minister bicker over lending


December 24th, 2008 - 12:58 pm ICT by IANS
Toronto, Dec 24 (IANS) With the Canadian finance minister blaming them for not giving enough loans to stimulate the economy and issuing an ultimatum, major banks have hit back, issuing reports and ... Read more...

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BlackBerry founder, Indian origin techie on Canadian crisis council


December 19th, 2008 - 10:02 am ICT by IANS
Toronto, Dec 19 (IANS) BlackBerry founder Mike Lazaridis and Indian origin IT businessman Ajit Someshwar are among 11 people appointed to an economy advisory council by the Canadian government.As Canada enters recession ... Read more...

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Record one-day fall for Canadian dollar


November 13th, 2008 - 9:07 am ICT by IANS
Toronto, Nov 13 (IANS) The Canadian dollar suffered the worst one-day loss against the US dollar in its history Wednesday even as the country's national bank announced to inject $8 billion ... Read more...

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Economy ‘job number one’ of Canada’s new government


October 31st, 2008 - 9:25 am ICT by IANS
Toronto, Oct 31 (IANS) Canadian Prime Minister Stephen Harper, whose Conservative Party was returned to power in the Oct 14 elections, Thursday appointed a new cabinet, entrusting economy-related portfolios to veterans amid ... Read more...

Posted in Business |

Plunging crude prices hit Canada’s big oil dreams


October 24th, 2008 - 2:46 pm ICT by IANS
Toronto, Oct 24 (IANS) Plunging oil prices and credit crunch have hit two of Canada's largest-ever projects to recover crude from oil sands.With oil reserves of 179 billion barrels, mostly in oil ... Read more...

Posted in World |

$75 billion lost in Monday mayhem on Toronto exchange


October 7th, 2008 - 9:54 am ICT by IANS
Toronto, Oct 7 (IANS) The US meltdown caused further mayhem on the Toronto Stock Exchange on the opening day of the week as the index plummeted a record 1,200 points just after ... Read more...

Posted in World |

Canada injects billions into markets to ease credit crunch


October 4th, 2008 - 9:09 am ICT by IANS
Toronto, Oct 4 (IANS) With credit squeeze hitting Canadian markets, the Bank of Canada Friday announced injection of billions of dollars into term lending markets even as the finance claimed that the ... Read more...

Posted in Uncategorized |

Wall Street tremors turn Toronto bearish


September 18th, 2008 - 11:47 am ICT by IANS
Toronto, Sep 18 (IANS) The Toronto Stock Exchange (TSX) turned bearish as the Wall Street jitters caused ripples in North America's third largest bourse.As major Canadian financial firms disclosed their exposure to ... Read more...

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