January 21, 2011 / 8:06 PM / 7 years ago

No more "Canadian peso", says finance minister

VANCOUVER (Reuters) - Finance Minister Jim Flaherty said on Friday he sees no return to the days of the “Canadian peso”, saying the strong currency reflects confidence in the country’s economy.

<p>Canada's Finance Minister Jim Flaherty speaks during a news conference in Ottawa January 17, 2011. REUTERS/Chris Wattie</p>

“Business people I’ve met here certainly share the view -- small business people and big business people -- that the Canadian dollar is not likely to go back to the days of being relatively cheap vis a vis the U.S. dollar. We’re done with the Canadian peso,” Flaherty told reporters in Vancouver where he was holding pre-budget consultations.

Flaherty said he will present his next budget in March and hopes it will not trigger an election for the minority Conservative government. He will listen to the opposition’s requests if they are “good ideas,” he said.

Reporting by Allan Dowd and Leah Schnurr; Writing by Louise Egan; editing by Rob Wilson

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