Canada on track for stronger growth later this year: Flaherty

OTTAWA — Even as a major world lender dealt another blow to an early turnaround in the global economy, Canada’s finance minister was playing the calm card.

Jim Flaherty sought to quell concerns Wednesday of an economic downturn in this country, adding that the government is still on track to balance its budget and additional fiscal stimulus would not be needed.

As for worries of a housing crash, he said a recent cooling of the market is actually “a healthy thing.”

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