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)
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Date Listed : Friday, May 25, 2012
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