Photo: Calm down, everybody

Everybody calm down. Jim Flaherty, the federal finance minister, speaks with reporters inside the Storehouse Bar and Grill in Iqaluit Friday. Flaherty, in town for a meeting of the G7 finance minsters, downplayed concerns that Nunavut’s funding needs would be hit by Ottawa’s efforts to reduce the federal deficit, which now stands at $56 billion. (PHOTO BY CHRIS WINDEYER)