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News Link • Economy - International

Canada Freezes Spending to Be First in G-7 to Erase Deficit

• Bloomberg
Finance Minister Jim Flaherty, 60, released a C$281 billion ($273 billion) budget yesterday that forecasts the shortfall narrowing to C$49.2 billion in the 2010-11 fiscal year, down from a record C$53.8 billion last year.

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