Ottawa, December 18, 2008

Archived - Minister of Finance Announces Formation of Economic Advisory Council

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Biographical notes are attached.

The Honourable Jim Flaherty, Minister of Finance, announced today the establishment of an Economic Advisory Council. The Council will include Canadian business and academic leaders who will provide advice to the Government as part of the Minister's national consultation on the 2009 budget, and on an ongoing basis afterward.

"In this time of unprecedented economic turmoil, I am bringing some of Canada's best minds together to find solutions and help launch a timely recovery," said Minister Flaherty. "I will look to this group for advice on Budget 2009, and will continue to consult them in the months ahead."

The group of 11 members from across Canada will meet with the Minister in advance of the January 27 budget, with an expected first meeting prior to Christmas. The group will also continue to provide advice periodically on economic matters after the budget.

The Council members are:

  • Carole Taylor (chair)
  • Geoff Beattie
  • Paul Desmarais, Jr.
  • George Gosbee
  • Isabelle Hudon
  • James D. Irving
  • Mike Lazaridis
  • Jack Mintz
  • James A. Pattison
  • Ajit Someshwar
  • Annette Verschuren

"I thank these outstanding Canadians for agreeing to serve in this capacity," said Minister Flaherty.

Minister Flaherty said the Council members have agreed to a salary of $1, with their expenses being reimbursed by the Government. Biographical notes are attached.

For further information, media may contact:

Chisholm Pothier
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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