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.
canadian economy
Mars 11, 2009
3:00AM
Juin 11, 2004
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Avril 24, 2003
2:00AM
Novembre 11, 2001
2:00AM
Having missed out on much of the economic feast of the past decade, we enter the economic famine without much fat on our bones. We have one of the worst productivity records among advanced nations. Our standard of living and our dollar continue to fall compared to the United States.
The Bank of Canada has been doing what it can by cutting interest rates. But its pinned down by the falling dollar. When Canadian interest rates are low, investors are reluctant to hold Canadian dollars and our dollar tends to lose value.