February 27, 2009 / 8:39 PM / 9 years ago

Canada doesn't see any more targeted rescue plans

OTTAWA, Feb 27 (Reuters) - The purpose of Canada’s stimulus package is to get money into the economy now, but the government has no plans to rescue specific industries except autos, Finance Minister Jim Flaherty said on Friday.

“We don’t plan to get into the business of subsidizing media,” Flaherty said when asked if the government might give more help to publicly owned Canadian Broadcasting Corp or other media outlets such as Canwest Global Communications Corp CGS.TO.

Asked whether he might tide Canwest over, he told CBC: “I haven’t heard from them. I’d certainly listen to them. but, no, we don’t have plans to create packages for various industries in Canada that are going to suffer during the recession.” (Reporting by Randall Palmer; editing by Rob Wilson)

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