Canada's economic fundamentals strong: Flaherty

Mon Feb 11, 2008 3:42pm EST
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OTTAWA (Reuters) - A slowdown in the global economy is cause for concern but Canada's fundamentals remain strong, Finance Minister Jim Flaherty said on Monday.

Flaherty also said he promises to avoid a deficit when he presents the federal budget on February 26 and that there is room for some fiscal initiatives.

(Reporting by Randall Palmer; Writing by Frank Pingue; Editing by Rob Wilson)