“It’s an incredibly important time for the world.
And we’re all in this together.”
-Canada’s finance minister, Jim Flaherty.
The world is on edge, with the world’s financial system reeling from a sharp drop in world oil prices and a global recession that’s been grinding on.
The world has to take the necessary steps to make sure the economy does not spiral into recession.
But it also has to make the right decisions about how to avoid a second global recession.
“We know that the world is heading into a recession.
We know that it’s happening,” Flaherty said.
“But we’re also aware that there is a possibility that there will be an increase in the debt, and that that debt could become a real drag on the global economy.”
The world is grappling with a debt crisisThe world’s debt is $18 trillion.
That’s roughly $300 trillion more than the combined economies of Canada, the United States and Germany.
The U.S. and the EU have both seen debt problems and both have had to take measures to reduce their borrowing, which has put a burden on the economies.
In Canada, that burden is being passed down to the middle class and to the lower and middle classes.
Many of those middle-class families have to pay more for food, gas, housing and other necessities.
The economy is also facing an even more significant debt burden than before the recession.
The combined global debt is now more than $1.6 trillion.
Canada’s government has made a number of bold economic reforms to cut the size of the deficit.
Those include eliminating the $10-billion cap on the size and size of government, raising taxes and increasing the retirement age for Canadians.
In the past two years, that’s led to a $20 billion drop in the Canadian deficit.
The fiscal cliff deal includes a promise to reduce deficits by about half a percentage point over 10 years.
Flaherty told reporters that the deal will “keep us on track.”
He also said the deal includes an extension of a temporary “trigger” that would allow the government to raise $1 trillion by March 31, 2022.
That’s an important commitment to those middle classes, Flaherty pointed out.
It’s also a promise from the government that it will make sure Canadians are protected, he said.
“When you’re in a recession, the first thing that people are thinking about is what are the steps that they can take to help their families and their communities.
That has to be a top priority for Canadians.”
The deal also includes a commitment that Canada will meet its obligations to the International Monetary Fund by the end of the year.
It also includes an offer to help Canada and other countries reduce their trade deficits and other trade barriers.
The deal comes on the heels of another deal announced in January, one that includes some big changes to the Canadian economy.
In return for a big boost to the economy, the country’s government promised to create about 30,000 new jobs.
It is also expected to cut its projected deficits to $2.4 billion this year and $2 billion in 2019.
The government is also making the promise to cut taxes and to make improvements to the Canada Pension Plan and Employment Insurance.
“The fact that we’re dealing with a $2-billion deficit right now shows that we have to have an extra focus on getting the economy moving again,” Flaherson said.
With files from The Canadian Press, the National Post, The Canadian Broadcasting Corporation and the International Business Times.