Canada fall fiscal update will not include stimulus

Wed Nov 19, 2008 12:34pm EST
 
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OTTAWA, Nov 19 (Reuters) - The Canadian government's autumn economic and fiscal update will not contain new stimulus measures and will not be a mini-budget, a senior government source said on Wednesday.

"There are no expectations of fiscal stimulus (in the update)," the source told reporters after a caucus meeting of the ruling Conservative Party. "There will be some measures but don't expect it to be in the nature of a mini-budget."

Finance Minister Jim Flaherty said on Saturday he would deliver the update next week. The Canadian government committed to stimulus at a summit in Washington on the weekend, but it appeared the government needs more time to craft a package. (Reporting by Randall Palmer and David Ljunggren; Editing by Peter Galloway)

 
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