Jim Flaherty, one of Canada’s longest-serving finance ministers who helped the country stave off the worst of the global financial crisis, announced his resignation from cabinet to seek work in the private sector.
Canada will push ahead with its plan to cut spending by at least C$4 billion ($3.9 billion) annually and look for ways to “transform” public services even though the government’s deficit-reduction efforts are running ahead of schedule, Treasury Board President Tony Clement said.
Canadian Industry Minister Tony Clement said today he hasn’t heard from BHP Billiton Ltd. and anticipates the company will want to meet his officials to learn why its $40 billion bid for Potash Corp. of Saskatchewan Inc. was rejected.
The Canadian government is linking the performance pay of senior government workers to its effort to cut spending as it seeks to eliminate its budget deficit, Treasury Board President Tony Clement said.
Canadian Industry Minister Tony Clement ordered officials to investigate the early release of market-moving indicators by Statistics Canada , which had been made available to distributors as much as 59 seconds before their public release.