Flaherty's budget reflects Canada's enviable financial status
Jim Flaherty delivered his
seventh budget last week, but his first as finance minister in a majority government. It made all the difference in preparing it, he was saying Monday afternoon, that he didn`t have to worry about the government falling on it.
Flaherty is now the ranking finance minister among G7 countries, and it further enhances his standing in that exclusive club that Canada has such a good story to tell, a narrative he repeated in his budget speech.
`Canada is one of only two G7 countries to have recouped all the jobs lost in the global recession,` Flaherty told the House. `Since July 2009 our economy has created more than 610,000 new jobs. The World Economic Forum says our banks are the soundest in the world. Forbes magazine ranks Canada as the best place in the world for businesses to grow and create jobs. Our net debt-to-(gross domestic product) ratio remains the lowest in the G7, by far.`
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