Canada’s Flaherty sees recovery, credit risks lurk

TORONTO, May 3 (BestGrowthStock) – Canadian Finance Minister Jim
Flaherty said on Monday that while the economic recovery is
under way, risks still lurk, including global credit issues and
high domestic unemployment.

“There’s still concerns in credit markets around the world.
Witness what we’ve just been through with … fiscal crisis in
Greece and the fallout that can come from that kind of
sovereign crisis,” he told reporters in Toronto.

“So I think we have to be cautious. We’re on our way to a
recovery. There’s still significant unemployment in Canada,
above what we’re used to in Canada. That’s a concern. There’s
still some concerns on the credit side about the full
availability of credit.”

Investment
(Reporting by Jennifer Kwan; reporting by Jeffrey Hodgson;
editing by Peter Galloway)

Canada’s Flaherty sees recovery, credit risks lurk