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Canadians Want More Reaction to Global Crisis
Despite World Slowdown, Canada Remains on Track for Growth
October 9, 2008
Despite a stable economic outlook for the foreseeable future, many Canadians are concerned that their government isn’t doing enough to prepare itself for the kind of downturn the rest of the world is experiencing, writes the National Post.
The Liberal Party has been particularly critical of Prime Minister Stephen Harper, depicting him as out of touch, aloof and uncaring, despite the fact that Canada remains in a surplus.
“[Harper] doesn’t do hope very well,” Liberal MP Bob Rae told The Canadian Press. “He doesn't do empathy very well; he doesn't do understanding very well, and frankly, those are all qualities we expect in our leaders, particularly in a time of difficulty.”
The International Monetary Fund recently projected that Canada will lead industrialized countries next year in economic growth, though only by 1.2%. The Royal Bank said Canada’s economy remains firm, with a projected growth of 0.9% this year and 1.5% next year.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.
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