Flaherty says has no plans to add to stimulus

Thu Jul 2, 2009 4:46pm EDT
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SANTIAGO, Chile (Reuters) - Canada has no immediate plans to increase the size of its two-year stimulus plan, which is designed to pump an extra C$46 billion ($40 billion) into the economy, Finance Minister Jim Flaherty said on Thursday.

The minority Conservative government has consistently said it would be prepared to boost the plan if necessary.

Flaherty, asked by reporters if he had any plans to add to the package, replied: "No, our plan covers the next two years and our challenge now is to get the money out the door."

He made his comments after giving a speech in the Chilean capital Santiago.

During the speech, Flaherty said Canada's stimulus package was higher than that recommended by both the International Monetary Fund and the G20 group of industrialized and emerging nations.

($1=$1.16 Canadian)

(Reporting by Terry Wade; writing by Louise Egan and David Ljunggren; Editing by Jeffrey Hodgson)

<p>Canadian Finance Minister Jim Flaherty pauses during a news conference in Toronto June 26, 2009. REUTERS/Mark Blinch</p>