Canada says 'significant risks' remain in U.S. after fiscal deal

OTTAWA Wed Jan 2, 2013 11:41am EST

Related Topics

OTTAWA Jan 2 (Reuters) - Canada's finance minister on Wednesday welcomed the U.S. "fiscal cliff" agreement, but warned that significant risks remain and urged more action to put the U.S. fiscal situation on a sustainable path.

"Canada welcomes the agreement reached between the president and the Congress that protects the U.S. economy in the short term," Finance Minister Jim Flaherty said in a statement.

"That said, there remain a number of significant risks to the U.S. economic outlook. It is my hope that leaders in the United States continue to work together to develop future action that will put the U.S. fiscal position on a sustainable path," he said.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article