Flaherty says to cut more taxes, debt

Wed Jul 16, 2008 3:21pm EDT
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CALGARY, Alberta (Reuters) - Canadian Finance Minister Jim Flaherty said on Wednesday he plans to continue cutting taxes and reducing government debt, and said the country's economic future is bright, despite a U.S. housing downturn that has been deeper than expected.

In a speech in Calgary, Flaherty said Canada's housing market is solid, auto sales are good and financial institutions are well-capitalized.

(Reporting by Scott Haggett, writing by Cameron French; editing by Rob Wilson)