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G7 to eye 'Buy American' policy: Canada

(Agencies)
Updated: 2009-02-11 14:24

OTTAWA -- The US "Buy American" policy will be in the spotlight at this weekend's meeting of the Group of Seven leading industrialized nations, a senior Canadian finance official said on Tuesday.

The official, briefing reporters on condition on anonymity, said the meeting would give ministers the chance to affirm a commitment to free trade and to discuss reforming financial institutions.

He said the point to emphasize would be that measures to promote domestic consumption - a reference to the "Buy American" policy in the US stimulus bill - are not helpful in promoting global growth and stability. He also said he expected some discussion of currencies.