OTTAWA Oct 10 Canadian Finance Minister Jim
Flaherty on Thursday expressed confidence the U.S. crisis would
end soon, saying the American administration was starting to
realize the partial shutdown of government was hurting the
"There is an increasing understanding by the American
administration that this is not just a United States situation,"
Flaherty said. "This is a situation for the world and it affects
the global economy."
Flaherty said that if the shutdown continued, it would harm
the Canadian economy. Canada sends around 75 percent of all its
exports to the United States.
"If this persists over weeks it will have a significant
effect, but I actually don't think it will and I think we'll be
OK," he said.
He added that he thought "a lot of progress has been
made...things are much more positive today than they were
yesterday," he told the Canadian Broadcasting Corp. from
Washington, in particular citing a new Republican plan that
would avert a looming U.S. default.