May 25, 2012 / 1:56 PM / 6 years ago

Canada says on track to eliminate deficit

OSHAWA, Ontario (Reuters) - The Canadian government is well positioned to balance its budget in the medium term, Finance Minister Jim Flaherty said on Friday shortly before Ottawa was scheduled to release preliminary 2011-12 budget figures.

“We are on track to balance the budget in the medium term,” Flaherty said in a speech in Oshawa, Ontario.

Flaherty also spoke at length about the dangers of the European sovereign debt crisis, calling the situation there “very unstable.”

Reporting By Claire Sibonney; Writing by Louise Egan; Editing by Peter Galloway

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below