Finance Minister Jim Flaherty, shown here last Friday, is meeting with private sector economists this morning in advance of his next budget, expected before the end of the month. (Sean Kilpatrick/Canadian Press) Finance Minister Jim Flaherty might have expected to receive discouraging news today when he meets with private sector economists.
But Statistics Canada job figures for the month of February exceeded expectations this morning, finding the economy creating 51,000 new jobs.
Economists had predicted a much lower number.
The finance minister's meeting is focused on the latest private sector economic forecasts, ahead of his upcoming federal budget. No date has yet been set for that budget, but it's expected before the end of the month.
The House of Commons begins a one-week break on Monday.
Last week, Statistics Canada reported the economy was pretty much stalled at the end of last year as it recorded another disappointing quarter of growth in the last three months of 2012.
However, Flaherty has already ruled out any new stimulus, which he has referred to as "risky spending schemes."
He has said the government will need to work harder to find the savings to meet its goals in its economic action plan.
Flaherty has suggested the government could close some tax loopholes and may also look at program spending, including trimming programs that are no longer a high priority.
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