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article imageCanadian Finance Minister to Establish Economic Advisory Council

By Bob Ewing     Dec 18, 2008 in Politics
Canada's Federal Finance Minister Jim Flaherty has announced he will establish an 11 member economic advisory council.The council will include a number of leading Canadian economic experts.
When Federal Finance Minister Jim Flaherty prepares the next federal budget he will consult with a newly established economic advisory council. Flaherty has announced he will setup an 11-member economic advisory council.
In addition, the council will also provide Flaherty with advice on dealing with the ongoing economic crisis.
Among the council members are former B.C. finance minister Carole Taylor, businessmen James D. Irving and James A. Pattison and University of Calgary professor Jack Mintz, who is the former president and CEO of the C.D. Howe Institute.
Flaherty pointed to "the continuing deterioration in the world economy, the U.S. economy, affecting our economy and the deterioration in the commodity prices," as reasons for establishing the council.
"I determined that we would have the council, and then I went about the business of calling them personally and as of today I'm able to say that we're organized and ready to go," Flaherty said.
Council members will work for one dollar a year and will meet for the first time on Tuesday in Toronto.
There are town hall-style meetings across Canada are scheduled for the New Year.
Flaherty does not have to follow the council's recommendations.
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