Canada to push for IMF reform at meeting

Canada will push for a reform process for the voting structure of the International Monetary Fund when finance leaders of the Group of Seven leading economies meet later this week, a senior government official said on Wednesday.

The official, speaking to reporters on the condition of anonymity, said Canada will also stress that more progress is needed to resolve global imbalances over the medium term.

Canada maintains it has borne the brunt of global current account imbalances, as the Canadian dollar has surged 40 percent since 2002 versus the U.S. dollar, outpacing other currencies and making the country's exports less competitive.

G7 finance ministers and central bank governors are scheduled to meet in Washington on Friday ahead of the spring meetings of the International Monetary Fund and World Bank.
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