A report published recently in the Journal of Clinical Microbiology and PLoS ONE has uncovered that Sebastian Barry received an honorary degree last night for his unmatched contribution to the field of literature.

It has recently been revealed by Finance Minster Jim Flaherty that the budget deficit in Canada has been less than what had been forecast, being C$33.4 billion as recorded on the 31st March 2011. He further added that he might consider increasing the stimulus, if the rates of global recovery seem to slump again.

Ottawa is coming down on the mortgage market with a package of measures to tackle the Canadians' record levels of household debt.

Finance Minister Jim Flaherty plans to abolish tax breaks for cosmetic surgeries like liposuction, hair replacement and teeth whitening, boob and nose procedures, Botox and many more.

The change will come into effect on Thursday and is likely to save Ottawa $40 million per annum.

Finance Minister Jim Flaherty announced new rules Tuesday aimed at preventing homebuyers from getting into financial problems when mortgage rates rise.

"Today's measures are part of a larger picture. We will continue to closely monitor developments in the housing sector in Canada", said Flaherty at a news conference in Ottawa.

It has been reported that Canada's Finance Minister Jim Flaherty, faced with one of the largest federal deficits in history, is now looking to cut corners in every way that he can, and has said that he will now start looking for programs to cut and Government assets to sell, as soon as the economy shows definite signs of recovery.

The Canadian Government seems to see no evidence of a bubble of housing or household debt, but even if there exists once, according to Finance Minister Jim Flaherty, mortgage can be made harder to gain and the situation can be put under control.

Jim Flaherty, Canada's finance minister fears that jobless rate in Canada could soar further in 2010, though country's economy would recover modestly.

Speaking his mind Jim Flaherty said the economy started giving signs of stability but labor markets are still flagging.

The Canadian Conservative Party is presenting a deficit budget of $40 billion, which is the highest since 1993.

OTTAWA, Nov. 28 -- Canada's three opposition parties gave the minority Conservative government until Monday to rethink their economics or face a non-confidence vote.