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James Michael "Jim" Flaherty, PC, MP (born December 30, 1949) is Canada's Minister of Finance and Ontario's former Minister of Finance. From 1995 until 2005, he was the Member of Provincial Parliament for Whitby—Ajax, and a member of the Progressive Conservative Party caucus. He was a cabinet minister in the government of Mike Harris, and unsuccessfully sought the leadership of the Ontario Progressive Conservatives on two occasions. Flaherty won the riding of Whitby—Oshawa in the federal election held January 23, 2006 as a member of the Conservative Party of Canada narrowly beating Liberal incumbent Judi Longfield. He was re-elected in 2008 and 2011. Flaherty's wife Christine Elliott represents Whitby—Oshawa in the Ontario Legislature.
Flaherty was born in ...
"With respect to tightening up the mortgage insurance market we’ve done it three times ... and we watch, we monitor the market and if we have to tighten it some more we will." , positive
When Finance Minister Jim Flaherty finished his budget speech Thursday, we half-expected new NDP Leader Thomas Mulcair to be leading the cheering section.
He didn't; but he could have.
This was not the budget Canadians anticipated from a Conservative government that finally had its majority.
There were no deep cuts, as the left predicted. And there was certainly no reflection of small-c conservative values finally coming to the fore, no significant lessening of the civil service, and certainly no lessening of government spending.
At its best, it was a Progressive Conservative budget.
At ...
Do not be fooled by the comforting language: Jim Flaherty’s budget 2012 will force every department of government to do less – and force you to expect less.
The most transformative budget in a generation will effectively eliminate the federal deficit in two years, at worst, by cutting back on everything from food inspections to the size of embassies, from park maintenance to CBC programming, from gathering statistics to delivering foreign aid.
The Finance Minister insists you won’t notice. The budget promises to save billions through ruthless administrative efficiency. Page ...
Finance Minister Jim Flaherty is trying to play down the impact of the spending cuts in his budget, saying they will not slash government programs and services for Canadians.
“The majority of the spending review reductions relate to back office operations of government,” he said, suggesting the savings will be felt mostly in the inner workings of the federal bureaucracy.
Flaherty, who will lay out his economic strategy in the Commons at about 4 p.m. Thursday, is expected to bring in the toughest budget in years, scaling back government spending, axing federal government jobs and ...