Nov. 14 (Bloomberg) -- Canadian Finance Minister Jim Flaherty said he's considering the sale of state assets in a bid to keep from running a budget deficit, the Globe and Mail reported.

The government will initiate a review of its assets to determine whether they should remain in government hands, Flaherty was quoted by the newspaper as saying. Flaherty ruled out the possibility of selling the CN Tower, which defines the skyline of Toronto, according to the Globe.

To contact the reporter on this story: Theophilos Argitis in Washington at targitis@bloomberg.net.

Last Updated: November 14, 2008 08:41 EST