Posts Tagged ‘recession’
Conservative finance minister Jim Flaherty says a potential election and the spectre of an opposition coalition government pose a political risk to the economic recovery.
Under an Ignatief-NDP-Bloc Québécois government, nothing would be safe. No part of our economy would be spared. No taxpayer would avoid the hit.
- Jim Flaherty
Stephen Harper defended his government’s economic stimulus package in response to a recent Fraser Institute report claiming the stimulus had no effect on GDP.
We’re not going to act on the basis of ideology, we’re going to act on the basis of what the economy needs. And that is what we have done.
- Stephen Harper
Prime Minister Stephen Harper participated in a Q&A session with Canadians in a YouTube sponsored event.
Stephen Harper says cooperation among the G20 economies was instrumental in averting an economic disaster as the worst of the global financial crisis seems to have passed.
If these measures are enacted and we continue to move forward with the G20 process, we will have the kind of global governance that is necessary to ensure the stability and transparency of markets, in a way that gives us the benefits of a globalized market economy without the enormous risks that we have experienced the last few years.
- Stephen Harper
Liberals Michael Ignatieff and Gerard Kennedy accuse the Harper government of allocating more infrastructure spending to Conservative-held ridings than to ridings held by opposition parties.
NDP leader Jack Layton met with Prime Minister Harper to discuss the upcoming session of Parliament.
Layton said he could find no common ground with Harper, and it is unlikely the NDP will support the Conservative government on votes of confidence.
The NDP would be the least likely of the political parties to support the Conservatives.
- Jack Layton
May 26 to 28, 2009 - Finance Minister Jim Flaherty says Canada’s 2009/10 budget deficit will grow to over $50 billion, about 50% higher than the $34 billion deficit projected in January.
Liberals demanded Flaherty’s resignation for ‘gross incompetence’.
The government defended its deficit, saying it is necessary during a recession and affordable given Canada’s favourable fiscal position relative to other leading economies.
- The Economist: How indebted rich countries will be in 2014
May 13 to May 26, 2009 – Liberal leader Michael Ignatieff demands a national eligibility standard for Employment Insurance that would allow jobless workers to qualify for benefits after working 360 hours.
Prime Minister Stephen Harper is interviewed on Sky News while at the G-20 meeting in London, England.
Harper rejects a global financial regulator, saying soverign countries will never accept international regulation of their monetary policies.