Jim flaherty News

Former Canadian federal finance minister Jim Flaherty dies at 64 By Michael Thomas Jim Flaherty, who was federal finance minister of Canada until he resigned a few weeks ago, has died of undisclosed causes. He was 64.

Canada: Tories predict $3.7 B surplus by 2015 By Gene Kosowan Edmonton - Finance Minister Jim Flaherty announced Tuesday the Federal government will not only wipe out a seven-year debt, but according to budget forecasts, Canadians will enjoy a surplus of $3.7 billion in two years.

Canada's housing market continues downward slide By Ken Hanly Ottawa - Bank of Canada governor Mark Carney says that Canada's economy is in transition to less dependence on housing. Exports are expected to take up the slack as demand for Canadian material increases globally.

Canada says good-bye to penny By Veronica Silva Cusi Effective February 4, 2013, the Canadian government will not distribute any more pennies and that may mean you may lose or earn a few pennies when making purchases in cash.

Expiry dates gone, clearer fees for Canadian prepaid credit cards By Andrew Moran Ottawa - The Canadian government announced Wednesday of new rules and regulations for the prepaid credit card industry, which has gone largely unregulated for several years. Consumers will no longer worry about hidden fees and expiry dates.

Finance Department postpones date for end of Canadian penny By Andrew Moran Ottawa - Finance Minister Jim Flaherty announced Monday that the Royal Canadian Mint will no longer circulate the one cent penny as of Feb. 4, 2013, which is a revised date from the original announcement last fall.

Finance Minister confirms RIM won't receive Canadian bailout By Andrew Moran Fredericton - Research in Motion, the struggling Canadian-owned BlackBerry-maker, will not receive a bailout from the federal government, confirmed Conservative Finance Minister Jim Flaherty Thursday in New Brunswick.

Op-Ed: Is there such thing as a bad job? Yes, but we can't be fastidious By Andrew Moran Toronto - As the Canadian federal government makes significant changes to the Employment Insurance system, Finance Minister Jim Flaherty's comments of there is no such thing as a bad job must be questioned and analyzed.

Canadian Finance Minister: There is no such thing as a bad job By Andrew Moran Ottawa - Canadian Finance Minister Jim Flaherty told a phalanx of reporters Monday that this country needs workers and there is no such thing as a bad job. This comes as the Conservatives are attempting to reform Employment Insurance.

Final Canadian penny to be produced this week at special ceremony By Andrew Moran Winnipeg - The Canadian one cent penny will be no more as of this autumn. After the federal government decided to cease further production, the last penny will be produced Friday at a special coin strike ceremony at a Winnipeg plant.

Canada's bank bailout concealed by government By Steffan Ileman A think-tank claimed that Canada's banks secretly received billions from the government to bail them out during the recession. Toronto Sun says this is pure leftist propaganda for the May 1st crowd and occupy protesters.

Harper budget forces CBC to cut staff by 650, original TV shows By Andrew Moran Toronto - Over the next three years, the Canadian federal government will slash its $1.1 billion funding for CBC by 10 percent. This has prompted the CBC to make significant changes to its workforce, programs and business model.

Inside the 2012 Canadian federal budget: Penny gone, job cuts By Andrew Moran Ottawa - The end of further production of the penny? Check. Retirement age pushed up to 67? Check. Federal public sector job cuts? Check. These were only some of the tidbits included in the 2012 Canadian Conservative federal budget.

Elizabeth May wants to 'Green' Canada's upcoming federal budget By Andrew Moran Ottawa - Green Party leader Elizabeth May introduced a pair of "Green Scissors" to find the necessary cuts in the upcoming federal budget in order to reduce its budget deficit, but not at the cost of the environment, health and education.

Conservatives invited to check their values before the budget By André R. Gignac Toronto - Just when the Harper government readies himself to announce big cuts in social spending, the Canadian Center for Policy Alternatives comes in with its own budget and asks Conservatives to scrap their prisons and fighter jets.

Finance Minister, BoC head express concern over U.S. Volcker Rule By Andrew Moran Ottawa - Canadian Finance Minister Jim Flaherty and Bank of Canada head Mark Carney have both written letters to their counterparts south of the border. The letters contain concerns over the proposed Volcker Rule.

Bank of Canada head says U.S. economy unlikely to fully recover By Andrew Moran Ottawa - Bank of Canada governor said in a recent interview with a news outlet that the United States economy is unlikely to fully recover. Citing billions in lost exports, Carney pointed to China and the Asia-Pacific region as potential trading partners.

Canadian PM Harper says government focused on economy, talks RIM Special By Andrew Moran Toronto - Canadian Prime Minister Stephen Harper, alongside Finance Minister Jim Flaherty and fellow Members of Parliament, spoke to the media Friday to announce the completion of the Ronald McDonald House Toronto and to talk about the nation's domestic issues.

Finance Minister: Canada to eliminate $32 million in 70 tariffs By Andrew Moran Ottawa - Canadian Finance Minister Jim Flaherty announced over the weekend that the federal government will eliminate 70 tariff items to help the nation's manufacturing base. This reduction in tariffs will equal to approximately $32 million.

Finance Minister 'shares irritation' of high US-Canada price gap By Andrew Moran Ottawa - Canadian Finance Minister Jim Flaherty has asked the Senate's finance committee to study the issue of the price gap between the United States and Canada. Consumers are perplexed by the gap, despite a strong Canadian dollar.

Finance Minister, Toronto Mayor honour scholarship recipients Special By Andrew Moran Toronto - Canadian officials helped honour Canada Company scholarship recipients Friday aboard the HMCS Montreal ship in Toronto. The organization helps children of those who made the ultimate sacrifice in Canada and overseas.

Canada Special Olympics Team bids farewell ahead of Athens games Special By Andrew Moran Toronto - Public officials gathered in downtown Toronto Friday to bid farewell and to wish luck to the 146 members of Canada's Special Olympics Team. The Canadian team will participate in the XIII Special Olympics World Summer Games in Athens, Greece.

Canada is low-tax haven, Flaherty tells Wall Street By Andrew Ardizzi New York - Canada has the lowest business tax jurisdiction among the G7 states, Canadian Finance Minister Jim Flaherty told the Canadian Association of New York.

Canada's Finance Department will tweet the budget on March 4th By Stephanie Dearing Canada's Department of Finance has created a Twitter account, and Canadians will be able to receive budget details tweeted as Minister Jim Flaherty presents his budget to Parliament.

Page says Canada's fiscal structure is 'Not Sustainable' By Stephanie Dearing An in-depth analysis of Canada's fiscal structure shows the system is not sustainable said Canada's Parliamentary Budget Officer, Kevin Page. Prime Minister Stephen Harper appointed Page to ensure government accountability.

Canada's Finance Minister denies any problem with deficit By Stephanie Dearing The Canadian Finance Minister, Jim Flaherty, dsimissed the Parliamentary Budget Officer's report, which warned of a structural deficit for Canada.

Government watchdog says Canada's deficit will grow By Stephanie Dearing Canada's appointed fiscal watchdog, Parliamentary Budget Officer Kevin Page, released his report on Canada's deficit situation.

PBO: without a plan Canada's structural deficit is bad news By Stephanie Dearing Parliament Budget Officer, Kevin Page, went public with talking points from his report on Canada's deficit, which is scheduled for release on Wednesday. Page asserts that at present, Canada has no plan to deal with the deficit.

Canada's jobless rate rises to 6.6% in December By Bodhisattva Banerji Rate of the jobless reaches a more than expected level in Canada as has been expected by the economists. Some of them described the situation as an indicator for economic slow-down.

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