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 U.S. dollars).

    Speaking at a ceremony in Toronto, Flaherty said further talks are needed and that terms and conditions will be imposed on the automakers.

    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.