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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ryoung8918 who wrote (53473)	2/11/2006 12:36:39 PM
From: shades	Respond to of 110194

DJ Canada Fin Min Concerned About Mfg Job Loss On Strong C$-2 . Flaherty said job losses in the auto sector, especially in the manufacturing hub of Ontario, have been a concern for a while now. "We will be paying attention to that issue, particularly in central Canada," he said. He pointed out that the new Conservative government has pledged to cut the federal goods and services taxes. "We are going to take steps to encourage even more investment in Canada with the reduction in the GST which we are committed to, and with the reduction in corporate taxes so that the investment environment in Canada, which is the job producing environment, will be enhanced with the new government," he said. The Conservatives defeated the Liberals at the Jan. 23 federal election. It campaigned on an election platform that, among others, promised an immediate reduction in the GST from 7% to 6%, and to 5% over five years. Flaherty, who was named Finance Minister five days ago, echoed Prime Minister Stephen Harper's assertion that the Conservative victory signals "a change of government, not a change of country." "Our government is committed to balanced budgets, low inflation, debt repayment and economic growth," Flaherty said. Canada is the only member of the Group of Seven most industrialized countries running a balanced budget. -Nirmala Menon, Dow Jones Newswires; 613-237-0668; nirmala.menon@dowjones.com (END) Dow Jones Newswires