Canada's Flaherty says government on track to balance books by 2015

Wed Aug 21, 2013 1:15pm EDT
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(Reuters) - Canada is on track to balance its budget by 2015 and the Conservative government anticipates no major shift in policy or new spending cuts to achieve that goal, Finance Minister Jim Flaherty said on Wednesday.

"We're still on track. We are going to stay the course. We are going to balance the budget without doubt in 2015," Flaherty said on the sidelines of a policy retreat. "That is our goal ... to get back to that equilibrium. If you are looking for anything startling from the Department of Finance I think you'll be disappointed."

(Reporting by David Ljunggren, writting by Alastair Sharp; Editing by Jeffrey Hodgson)

Canada's Finance Minister Jim Flaherty takes part in an unveiling ceremony of the new Canadian 5 and 10 dollar bills at the Bank of Canada in Ottawa April 30, 2013. REUTERS/Chris Wattie