Dow Jones News

Canada Fin Min: Transaction Tax "Not Particularly Attractive"


ST. ANDREWS, Scotland -(Dow Jones)- Canadian Finance Minister Jim Flaherty said Saturday U.K. Prime Minister Gordon Brown's call for a tax on financial transactions "isn't particularly attractive."


Canada will continue to implement its stimulus program through 2011, he told reporters after a meeting of finance ministers and central bankers from the Group of 20 nations ended on Saturday.


Also speaking with reporters, Bank of Canada Governor Mark Carney said the Canadian economy is in "beginnings of return to growth," but warned that the rebound was nascent.


Echoing Carney's assessment, Flaherty said the economic recovery remains "fragile" around the world, and it isn't yet a time for "bullish confidence."


-By Terence Poon, Dow Jones Newswires; 8610 8400-7799; terence.poon@dowjones.com


(END) Dow Jones Newswires


November 07, 2009 12:34 ET (17:34 GMT)