Canada to host G7 finance officials in Arctic

Wed Nov 18, 2009 2:18pm EST
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OTTAWA (Reuters) - Top finance officials from the G7 countries will meet in the remote Arctic town of Iqaluit on Feb 5-6 but may not issue a communique, Finance Minister Jim Flaherty said on Wednesday.

Finance ministers and central bank chiefs from the world's most industrialized countries will gather to coordinate global economic policy in Canada's northernmost territorial capital, an isolated town of 7,000 people.

"The February meeting will return to the G7's roots with a more frank and focused dialogue," Flaherty said in a statement. "In an ever-changing global economy, the G7 will continue to evolve, with a focus not on paper but on people -- not on communiques and accords, but on constructive dialogue on actions to strengthen the global economy." (Reporting by Louise Egan)

<p>Homes are bathed in the late afternoon sun in Iqaluit, Nunavut in the Canadian Arctic August 24, 2009. REUTERS/Andy Clark</p>