Harper says the fragile global economy and the slowdown in the U.S. is no secret and that the Canadian government is watching the developments closely. Harper’s agenda for the Canadian budget includes job creation, making targeted investments and eliminating the deficit. [The Contrarian: Single-Country ETFs]
Meanwhile the Canadian Finance Minister remarked that the Eurozone debt crisis is serious and there is frustration that is justified in the G-20 nations over the “lack of political decisiveness” in Europe dealing with Greece. Canada will support credible medium-term fiscal consolidation plans in countries with large deficits, reports Nirmala Menon for The Wall Street Journal.
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Tisha Guerrero contributed to this article.