Oliver to focus on improving life on any income

Canada's Finance Minister Joe Oliver (C) makes remarks to the press as G7 and G20 Deputy Minister...

Canada's Finance Minister Joe Oliver (C) makes remarks to the press as G7 and G20 Deputy Minister Jean Boivin (L) and Bank of Canada Governor Stephen Poloz listen during the IMF/World Bank 2014 Spring Meetings in Washington April 11, 2014. (REUTERS/Mike Theiler)

Jessica Murphy, Senior Washington Correspondent

, Last Updated: 6:21 PM ET

WASHINGTON - Rookie Finance Minister Joe Oliver says his attention will be on "raising all boats" in Canada rather than focusing specifically on income inequality.

The issue of income inequality - the growing gap between the world's wealthiest and the rest - has turned into a top policy concern and political buzzword in Europe, North America, and for emerging economies.

The International Monetary Fund - meeting in Washington for its spring session - warned Friday the growing wealth gap could slow overall global economic growth.

Oliver, who's attending the meeting, said there "are different policy approaches to that."

"What we're focused on is raising all boats," he said.

"And we have been successful at doing that. And that to us is clearly the best way to address the needs of every sector of the economy, including those who are economically disadvantaged or the poor."


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