Thursday, August 5, 2010

Canada sees medium expansion assisting close bill opening

Fri Mar 5, 2010 1:04pm EST

OTTAWA, March 5 (Reuters) - The Canadian economy willcontinue to grow modestly in coming years and that, combinedwith spending restraint, will help eliminate the budgetdeficit, Finance Minister Jim Flaherty said on Friday.

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"We"re not anticipating dramatic growth in the Canadianeconomy but modest, moderate growth as we go forward which isall we need in order to get a balanced budget in the mediumterm," Flaherty said in a speech in London, Ontario.

Flaherty presented a budget on Thursday that outlinedspending curbs to help close the budget gap. (Reporting by Louise Egan; Editing by Jeffrey Hodgson)

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