OTTAWA (Reuters) - Canadian Finance Minister Jim Flaherty signaled on Friday he was open to the idea of new measures to boost employment in his next budget, but only if necessary, as his main focus is still on wrestling down the fiscal deficit.
Flaherty pointed to a number of measures already introduced which will help job creation. “At the same time we can look at some other measures if it’s necessary for budget 2012, but as I said...the key is to maintain a sound fiscal position in our country. It is the private sector that creates jobs. We need to have private sector confidence. That’s what’s lacking in many other places.”
Flaherty estimated the Canadian economy would grow by about 2 percent or 2.1 percent this year, compared with a 2.2 percent estimate made in October, and by around 2 percent next year.
Reporting By Claire Sibonney; writing by Louise Egan; Editing by Peter Galloway