Jim Flaherty

The race for the Ontario Tory leadership kicked off in earnest, with deputy party leader Christine Elliott launching her bid, a decision she said her late husband, Jim Flaherty, former federal finance minister, would have supported.

A gallery of political luminaries from all sides of the partisan divide gathered at a cavernous Toronto cathedral Wednesday to set aside their differences and pay final respects to former finance minister Jim Flaherty.

Prime Minister Stephen Harper has named Joe Oliver as his new finance minister and promoted junior minister Greg Rickford.

The Liberals are punishing the Conservatives over Flaherty’s mixed feelings on income splitting. The problem is, the Liberals have also changed their on position on the idea.

Finance Minister Jim Flaherty is intent on balancing the budget without the spectre of massive front-line program cuts.

Expectations are low for the coming budget. It will be a stay-the-course affair and Flaherty is more concerned with keeping his promise to get back to balanced budgets by 2015 than surprising Canadians with goodies.

Bank of Canada governor Stephen Poloz has cited “underperforming” inflation and a slow rebound in exports among his major concerns for the economy.

Canada will end seven years of deficits in 2015 with a $3.7 billion surplus, nearly $3 billion better than the March budget forecast, said Jim Flaherty.

Bank of Canada governor Stephen Poloz said Canada’s economy is poised to return to normal growth, gaining momentum in foreign demand, particularly from U.S.

Finance Minister Jim Flaherty said Budget 2013 will stick to the plan of balanced budgets and low taxes on Wednesday.

Finance Minister Jim Flaherty said the budget he introduced last week will create jobs and long-term prosperity.

Finance Minister Jim Flaherty laid down a new deal on federal health and social transfers Monday that will tie funding to the performance of the national economy but leave provinces free to spend that money how they like.