With President Barack Obama set to deliver his State of the Union speech next week, Canadians should rightfully be worried about the implications of the Presidents policy agenda on the Canadian economy. After all, our economic fortunes are inextricably linked to those of the United States and unfortunately, the economic uncertainty being created by President Obamas policies and the increasing polarization of the U.S. political system is impeding genuine recovery in the U.S. and constraining our own prosperity.
When Canadas premiers met recently in Halifax, talks of a possible pipeline to move oil from Alberta to eastern Canada dominated national headlines. There was also mention of talks about trade, immigration, skills training, and infrastructure. One issue that didnt receive nearly as much attention is the management of public finances and growing government debt.
Canada's big chance; President Obama's radical response to the recession could give Canada a massive economic advantage
Yesterday, Prime Minister Harper highlighted his government's plans for dealing with the economic slowdown and presented the crisis as an opportunity for Canada: Ultimately, it is an opportunity to position ourselves so that when the recovery comes, we're among the first to catch the wave.