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Federal Finance Minister Jim Flaherty speaks to a luncheon meeting of the combined Canadian and Empire Clubs in Toronto on Friday November 20, 2009. Flaherty says the Conservative government doesn't plan to undertake major new spending initiatives in next year's budget. THE CANADIAN PRESS/Frank Gunn

Flaherty says government will undertake no new spending in next year's budget

The Canadian Press - Fri Nov 20, 6:31 PM

TORONTO - Emphasizing that government stimulus spending is a temporary measure, federal Finance Minister Jim Flaherty says the Conservative government doesn't plan to undertake major new spending initiatives in next year's budget.

  • People demonstrate in Madrid to demand help from the government for the agricultural sector. Thousands of Spanish farmers and stockbreeders demonstrated to protest against the economic crisis and demand action from the Spanish government over the threat of 'collapse' of the sector. Photo:Pedro Armestre/AFP
    Thousands of Spanish farmers protest low prices AFP - 2 hours, 42 minutes ago

    MADRID (AFP) - Thousands of Spanish farmers marched Saturday through the streets of Madrid, halting traffic to protest the low prices they receive for their produce which they say is leading them to financial "ruin."

  • A sign is pictured outside Nortel's Carling Campus in Ottawa August 10, 2009. REUTERS/Blair Gable
    Ciena takes Nortel unit auction to 2nd day: sources Reuters - 2 hours, 44 minutes ago

    NEW YORK (Reuters) - The auction for Nortel Network's optical networking and carrier ethernet business went into a second day on Saturday, after Ciena called for a break in the auction late on Friday, two sources said.

  • Smoke billows from factory chimneys in St. Petersburg, 2005. Russian Prime Minister Vladimir Putin on Saturday strongly backed President Dmitry Medvedev's call for economic modernisation, moving to smother talk of differences between the two leaders. Photo:Sergey Kulikov/AFP
    Putin backs Medvedev's call for Russia modernisation AFP - 2 hours, 45 minutes ago

    SAINT PETERSBURG (AFP) - Russian Prime Minister Vladimir Putin on Saturday strongly backed President Dmitry Medvedev's call for economic modernisation, moving to smother talk of differences between the two leaders.

  • Dutch Prime Minister Jan Peter Balkenende arrives at an European Union summit at the European Council headquarters on October 2009 in Brussels. Dutch workers protested on Saturday against a government decision to increase the state retirement age. Photo:Georges Gobet/AFP
    Dutch workers protest pending retirement age rise AFP - Sat Nov 21, 12:36 PM

    THE HAGUE (AFP) - Thousands of workers protested in four Dutch cities on Saturday against a government decision to increase the state retirement age from 65 to 67 by 2025.

  • German Chancellor Angela Merkel (R) receives the 2009/2010 annual expert report from the chairman of the Council of Experts Wolfgang Franz at the chancellery in Berlin on November 13. The top economists issued a sharp attack on Chancellor Angela Merkel's new government on November 13, saying her plans to reduce the country's ballooning debt were 'vague' and 'deceptive.' Photo:Berthold Stadler/AFP
    Top German economists critical of tax relief: report AFP - Sat Nov 21, 12:28 PM

    BERLIN (AFP) - A panel of top German economists, which has slammed the country's huge public debt, says Chancellor Angela Merkel's new government should take back its "gift baskets" of tax relief, a German weekly reported.


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