Canadians worried but want steady hand: Flaherty

Fri Oct 24, 2008 12:51pm EDT
 
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NIAGARA FALLS, Ontario (Reuters) - Canadians are worried about jobs and savings during the current economic crisis but are not interested in grand government spending plans, Finance Minister Jim Flaherty said on Friday.

"This has been and this is a difficult time for Canadian families, for Canadian businesses. People are worried about their jobs and their savings," Flaherty said in a speech.

He said Canadians want the government to stay the course economically. He reiterated that Canada's banks are sound and well capitalized, and he said the mortgage system was also sound with only a small subprime component.

(Reporting by Frank Pingue, writing by Randall Palmer; Editing by Peter Galloway)