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Thursday, November 12, 2026Nov 12

G-7 seeks to calm global markets, sustain rebound

By MARTIN CRUTSINGER and JANE WARDELL

AP Business Writers

IQALUIT, Nunavut – Top finance officials of the seven major industrial countries sought to calm jittery markets by pledging Saturday to keep providing government aid to sustain a fledgling economic rebound.

But officials of the Group of Seven countries meeting in the Canadian Arctic acknowledged their delicate balancing act. They need to revive growth, which means providing more government stimulus.

But such spending has driven deficits to historic highs. And it’s raised fears among investors about whether all that fresh debt can be repaid.