Jim Flaherty ’70, who served as finance minister of Canada from 2006 through March of this year, died Thursday. He was 64.
Flaherty was born and raised in Montreal and attended the University where he played hockey. He majored in sociology and wrote his senior thesis about sensitivity training at Camp X, a military training institute in Ontario.
A member of Canada’s right-of-center conservative party, Flaherty was elected to the Ontario provincial legislature in 1995 and later served in the cabinet of the province’s Premiere, a position roughly equivalent to a U.S. state governor.
In 2006, he became finance minister in Prime Minister Stephen Harper’s government, cutting taxes and implementing a savings plan for people with disabilities. Toward the end of his tenure, he abolished the penny, which he said cost 1.6 cents to make, City News Toronto reported.
Flaherty is involved in the University’s Fund for Canadian Studies and visited campus in 2008 to meet with Canadian students.
He is survived by his wife, Christine Elliott, and three triplet sons.