Flaherty to Aid Banks

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Published: Wednesday, 10/22/2008 12:00 am EDT

Canada's Finance Minister Jim Flaherty will announce measures this week to help domestic banks keep up with foreign competitors benefiting from government bailouts, Reuters reported. The finance minister is meeting with department officials to discuss a series of options, a source close to Mr. Flaherty said, adding that an announcement should be made "sooner rather than later."

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