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Prime Minister Stephen Harper announced Friday morning that Canada will host not just one, but two major economic summits next year, and will help usher in an important new role for the G20.
News emerged late Thursday that leaders had agreed the Group of Eight industrialized nations will be eclipsed by the G20 -- a larger group that includes important developing nations such as China and India.
As the host of the G8 meeting scheduled to be held in Huntsville, Ont. next year, the news means Canada will now be hosting both a G8 and a G20 meeting which will be co-chaired with South Korea.