The Liberal Party of Canada: Academic Fantasy Land
The IMF declared Canada will lead the developed world in a budding global recovery on the same day that Canada and its Group of Seven peers prepared for a weekend summit in Istanbul aimed at preventing financial crises of the future.
How does the Liberal Party of Canada and it's leadership view the findings of the IMF:
First of all, the Conservatives have lost control of the public finances of our country. A year ago they were at the edge of deficit; by February, they were at a deficit of $32 billion; suddenly, four or five weeks later, it is at $50 billion; and at the end of the summer they announced the deficit was at $56 billion .Who in the House can actually believe this figure will not climb somewhere near $60 billion by Christmas? This is a terrible record of failure and someone must stand up in the House and call it what it is: abject failure on the public finance management of this country.
Economic Conditions One month earlier:
"This report may not quite carry the good housekeeping seal of approval for the recovery, but it certainly is another big step in the right direction,'' commented BMO Capital Markets deputy chief economist Doug Porter.
"While we can quibble about the details, the broader picture here is that the labour market is stabilizing, and apparently much faster than in the U.S.''