G8 Meetings in Japan to Focus on Global Economy, Climate Change

Canadian Economy | Written by CEP News | Jul 02 08 18:03 GMT | (CEP News) Ottawa - Canadian Prime Minister Stephen Harper heads to Japan this weekend for a meeting of G8 leaders that will focus on the global economy, climate change and development in Africa.

Canadian government officials told reporters Wednesday that fallout from last summer's global credit market meltdown will figure into the talks. The subprime mortgage issues in the U.S. are largely under control, but financial market turbulence continues to be a concern, officials said.

Leaders are also expected to concentrate on the economic problems brought on by soaring prices for oil and basic food products.

Canada goes into the meetings positive about the long-term resilience of the economies of the G8 countries, government officials told reporters.

Harper has also scheduled bilateral talks with senior Japanese government officials to look for ways to enhance the already-significant trade links between the two countries, the officials said.

By Geoff Matthews, gmatthews@economicnews.caThis email address is being protected from spam bots, you need Javascript enabled to view it , edited by Stephen Huebl, shuebl@economicnews.caThis email address is being protected from spam bots, you need Javascript enabled to view it

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