Flaherty struggles to keep his role

Finance Minister Jim Flaherty fought back against a push on Feb. 18 on the idea to create a G5 group that does not include Canada, Postmedia News reported. The idea was floated at a G20 meeting of finance ministers and central bank leaders by a Washington-based think-tank covering the banking industry. Mr. Flaherty said any move to create a new economic bloc would be a step backwards. He said he wants the International Monetary Fund's artificial currency to expand to include the Canadian dollar.

Published: Wednesday, 02/23/2011 12:00 am EST

Finance Minister Jim Flaherty fought back against a push on Feb. 18 on the idea to create a G5 group that does not include Canada, Postmedia News reported. The idea was floated at a G20 meeting of finance ministers and central bank leaders by a Washington-based think-tank covering the banking industry. Mr. Flaherty said any move to create a new economic bloc would be a step backwards. He said he wants the International Monetary Fund's artificial currency to expand to include the Canadian dollar.

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