Finance Minister of the Year

Ran into Mr. Flaherty’s press secretary the other day in the National Press Building. He explained he was on his way to the television studio across the hall from the Maclean’s bureau because the Finance Minister had to tape an acceptance speech for his having won Finance Minister of the Year. I thought he was making that award up. Apparently, he wasn’t.

Tuesday, Euromoney, a glossy, 40-year-old publication devoted to international financial markets, presented Mr. Flaherty with its award at a noon-hour reception amid juice, wine, sushi and chicken satay. Past winners include former U.S. Treasury Secretary Robert Rubin and Manmohan Singh, who is currently India’s prime minister…

Many Canadian investors will no doubt remember their losses when the finance minister ended the tax benefits of income trusts, and his political opponents in the Liberal party may argue that any reputation he is building benefits from the hard work done by Paul Martin, who is credited with ending a generation of budget deficits.

In an article on Mr. Flarhety, Euromoney characterized his income trust decision as courageous and praised his tenacity on making serious headway on bringing about a single Canadian securities regulator.

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