Flaherty Says Canada Economy Is Below Its Potential

(Corrects to say economy operating, not growing, below its potential.)

Finance Minister Jim Flaherty said the level of the Canadian economy is below its potential as the country faces challenges such as Europe’s debt crisis.

Flaherty, speaking to reporters in Ottawa, said the global economy remains “stubbornly fragile.”

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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