Jim flaherty News

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.