Flaherty Says Majority to Keep Canada on Deficit-Cutting Track

Canadian Finance Minister Jim Flaherty said his governing Conservative Party will use its decisive election victory last week to ensure the nation erases its budget deficit in three years.

Speaking at the Bloomberg Canada Economic Summit, Flaherty said the Conservatives will introduce a budget next month that will forecast a balance by 2014, even as the country moves ahead with planned corporate income tax cuts to help sustain the expansion.