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G&M: Canada Backs U.S. Push For G20 Deal On Economic Rebalancing

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Tags: China, Exchange rate, G20, Timothy Geithner

Canada is siding with Washington as U.S. Treasury Secretary Tim Geithner pushes a reluctant G20 to strike a deal this weekend to narrow the financial gap between nations with big surpluses and those who are deep in debt.

The large scale current account surpluses - particularly China's - are at the heart of U.S. concern over exchange rates and general concern that the world economy may turn to protectionist trade policies.

Read the entire Globe and Mail article here.
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