Mr Osborne is meeting other finance ministers of the G20 group of major economies in Moscow.

It holds the 2011 presidency of the G20 group of major economies.

Rising trade protectionism was a concern that Canada wanted to raise in the G20 group of major economies, Morneau said.

Chancellor George Osborne, in Moscow for a meeting of leaders from the G20 group of major economies, was also upbeat.

Finance minister George Osborne, in Moscow for a meeting of leaders from the G20 group of major economies, was also upbeat.