Tuesday, September 1st16.1°C
27215
27284

Canadian Finance Minister Jim Flaherty resigns from cabinet

TORONTO - Longtime Canadian Finance Minister Jim Flaherty has resigned from his cabinet position.

Flaherty, who has had the job since 2006, said Tuesday he is returning to the private sector.

He has battled a rare skin disease over the last year but he says his decision to leave politics is not related.

Prime Minister Stephen Harper's Conservative government plans on entering an election next year with a budget surplus.

Canada's commodity-rich economy avoided the worst of the 2008 financial crisis and has fared better than other nations. There was no mortgage meltdown or subprime crisis in Canada, and Canada's banks are rated among the soundest in the world.

The Canadian Press


Read more Business News




Recent Trending




Today's Market

 
Okanagan Companies

 





FEATURED Property
21811412350-2358 Bering Road
10091945 bedrooms
$1,200,000
more details
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_



26376




Member of BC Press Council


25646