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Arctic Meeting A Turning Point For G-7

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by Jane Wardell

February 7, 2010

A meeting of finance officials from the Group of Seven leading industrialized countries in this tiny Arctic outpost certainly lived up to host Canada's billing as a gathering with a difference.

A meeting of finance officials from the Group of Seven leading industrialized countries in this tiny Arctic outpost certainly lived up to host Canada's billing as a gathering with a difference.

Ditching suits and ties, finance ministers and banking officials grinned in delight as they went dogsledding on frozen Frobisher Bay, crawled into igloos, had cozy chats by a roaring fire and caught glimpses of the Northern Lights.

Host Canadian Finance Minister Jim Flaherty sold the unusual location - the town of Iqaluit, population 7,000 - as a chance to take the G-7 back to its roots of informal straight talk among countries with similar economies and problems, rather than carefully crafted communiques and discussions with outsiders Russia or China.



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