CanEquity Mortgage Canada
Canadian mortgage rates,
mortgage calculator & news.

Canadian Mortgage News

October 2011 National News Archive


Related Links:
National Archive
2011 Archive
January 2011
February 2011
March 2011
April 2011
May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
November 2011
December 2011

CanEquity Mortgage News RSS 2.0 Feed

CanEquity Mortgage News Atom Feed

About RSS and Atom Feeds

Portable Document Format Printable Version Page d'accueil franšais

Canada Calls for Decisive Action to Sustain Global Recovery

TORONTO, Ontario, October 25, 2011 — The Honourable Ted Menzies, Minister of State (Finance), today reiterated the Harper Government’s call for strong, united and decisive leadership, particularly from Europe and the Group of Twenty (G-20) countries, to deliver immediate and credible strategies for strengthening the global recovery.

Speaking at the fifth annual meeting of the Toronto Forum for Global Cities, Minister Menzies said, “The pervasive force of uncertainty is a major inhibitor to growth. Both Europe and the G-20 have important roles to play in restoring market confidence.”

The Minister noted that Canada’s economic and fiscal fundamentals remain sound, and cited the recent International Monetary Fund Fiscal Monitor that forecast Canada will continue to have by far the lowest total government net debt-to-GDP (gross domestic product) ratio in the G-7.

“The world has taken note of Canada’s many strengths, giving significant credence to our position on the need for international cooperation in meeting the current economic challenges,” Minister Menzies said. “The Harper Government will continue to be a strong advocate for the decisive actions necessary to maintain future growth and stability for the benefit of Canada and the whole world.”

News source: Department of Finance


Top of page