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Canada's long-serving finance minister quits

Canada's long-serving finance minister quits
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Canada’s veteran Conservative finance minister Jim Flaherty is stepping down after steering the country’s economy through the global financial crisis.

Sixty-four-year-old Flaherty who has held the position for eight years is returning to the private sector.

He leaves Canada on a relatively sound financial footing ahead of next years election.

There had been speculation in recent months that he might quit politics. He denied his decision is related to his health – he has been treated for a rare skin disease over the past year.