New York, November 30, 2011

Archived - Minister of Finance Highlights Canada’s Economic, Fiscal and Financial Strengths to U.S. Investors

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The Honourable Jim Flaherty, Minister of Finance, today told senior American and Canadian business leaders that Canada’s strong economic fundamentals, sound fiscal management and well-supervised financial sector support increasing business investment in Canada.

Speaking at a conference in New York sponsored by the Toronto Financial Services Alliance, the Minister said, “Based on our strong record in weathering the 2008–2009 global crisis, it is clear that Canada has the fiscal and economic rigour needed to attract savvy investors.”

The Minister also cited international recognition of Canada’s financial sector leadership, noting that for four consecutive years the World Economic Forum has rated Canada’s banking system as the world’s soundest, and that five of Canada’s largest banks were named to Bloomberg’s list of the world’s strongest financial institutions, more than any other country.

Minister Flaherty noted that, “In spite of the widespread turmoil in world markets, I am confident that Canada is well positioned to respond effectively to possible shocks coming from the current global uncertainty. Canada will continue to show the economic and fiscal leadership that helped us weather the global hardships we have already faced.

“By staying focused on keeping our economy growing, protecting and creating Canadian jobs, reducing the deficit and returning to balance in the medium term, Canada will continue to be a country of choice for investment in markets across our country, and around the world.”

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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