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Jim Flaherty has made an incredible contribution to the government and to public life in Canada. We in the business community are saddened by today’s news. Our thoughts and prayers go to his wife and three sons.

Since he had first entered the legislature in Ontario in 1995, and through eight grueling years as federal Finance Minister, Jim Flaherty had brought energy and principle to politics. He listened attentively, deliberated fairly and led decisively. And he guided Canada’s economy successfully during a period of global economic turbulence. You can’t ask for more from a Finance Minister.

The economic strategies championed by Mr. Flaherty are continuing to serve Canada well. Today our country has one of the strongest economies in the developed world. Mr. Flaherty has charted a course that the Chamber of Commerce strongly endorses, relying on free markets and fair government rules to bring prosperity to our country. The Minister’s decisions to reduce small business taxes and then corporate taxes, has helped make investment in Canada an attractive option for Canadians and foreign capital alike.

Jim Flaherty will be sorely missed in the halls of government and across Canada. We should all be grateful for his service to Canada. On behalf of Canadian Business, I want to express our sincere condolences to his family. We are grateful for Jim Flaherty’s many contributions to Canada and deeply saddened by his sudden passing.

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