PM says will protect financial system

Wed Oct 15, 2008 1:57pm EDT
 
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CALGARY, Alberta (Reuters) - Prime Minister Stephen Harper will meet with other world leaders and put Canada's parliament back to work quickly to hammer out ways to weather the credit crisis and keep the country's economy competitive, he said on Wednesday.

Harper, speaking to reporters the day after his Conservative Party was reelected with a stronger minority, also said he expects to present an economic update before the end of November.

The moves are part of a strategy to keep the economy afloat and its financial institutions competitive as its major industrialized trading partners make massive bailouts of their financial systems to help cure the credit crunch.

Harper also said he will discuss the financial maelstrom with French President Nicolas Sarkozy and European Union President Jose Manuel Barroso at a Canada-EU summit on Friday.

"At the summit we will also explore the economic partnership between us and the EU," Harper told reporters.

In addition, Canada is calling for another meeting of Group of Seven finance ministers, he said.

(Reporting by Jeffrey Jones; Editing by Peter Galloway)