Special Report: Global Financial Crisis¡¡
OTTAWA, Dec. 8 (Xinhua) -- Canadian Finance Minister
Jim Flaherty said Monday the Canadian government is capable of dealing with the
financial aid requests from the Detroit Three automakers.
The Canada branches of the three automakers submitted
requests to Ottawa and Ontario province for various forms of financial help on
Friday reportedly to be worth 6.8 billion Canadian dollars (about 5.4 billion
Speaking at a ceremony in Toronto, Flaherty said
further talks are needed and that terms and conditions will be imposed on the
He said funds in the last budget can be drawn to help
the automakers, although the Parliament is being suspended until late January.
Flaherty insisted that Canada is in a better position
than any country in the world to weather the economic downturn and will meet
stimulus promises made to its G20 partners.